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LOOP

TL;DR

LOOP is the reserve token at the center of the Loophole ecosystem. Paired with ETH, it serves as the currency for all NFT acquisition bids and captures value from every collection through reserve deposits that permanently raise its floor price.

Purpose

  • Capture and share value across the ecosystem: Every LRT pairs with LOOP, so when any collection generates auction proceeds, all LRTs benefit from the same rising BLV floor.
  • Create buy-side arbitrage surface: Reserve deposits fund the Open Bid, giving arbitrageurs a permanent incentive to acquire underpriced NFTs.

How It Works

LOOP is paired with ETH on a Baseline AMM. Every Loophole Run Token (LRT) pairs with LOOP for trading, making LOOP the routing layer for all protocol activity and the currency for all NFT acquisitions through the Open Bid.

Spot Token Presale

$LOOP is the only token presale that distributes spot tokens to depositors.

Reserve growth

The Split phase directs a default 70% of each auction's sale proceeds through LRT → LOOP conversion into LOOP reserves. This permanently raises LOOP's BLV (Baseline Value), a floor price that can increase but never decrease. Every collection's auctions deposit into the same reserves.

Ecosystem value capture

Adding collections compounds the effect. More collections means more auctions, more reserve deposits, and more trading volume at the LOOP↔ETH layer

Staking

LOOP stakers earn 1% of all LOOP↔ETH swap fees.

Dual-layer fees

Because every LRT pairs with LOOP, all collection-level trading activity cascades into LOOP↔ETH volume. A trader entering or exiting any LRT position converts through two pools, generating fees at both layers.

Example

A Pudgy Penguin sells at auction for 300,000 $PUDGYRUN. The Split directs 210,000 $PUDGYRUN (70%) into LOOP reserves: the tokens convert from PudgyRun to LOOP and deposit into the reserve contract. LOOP's BLV rises.

This happens for every sale across every collection. If \(APERUN\), \(AZUKIRUN\), and \(PUDGYRUN\) each complete auctions in the same period, all three deposit into the same $LOOP reserves. BLV rises with each deposit and never decreases.