## What Is Interest Protocol?
Launched on June 13th, 2022, Interest Protocol (IP) is the first fractional reserve banking protocol on the Ethereum blockchain that pays interest to all depositors.
USDi is an over-collateralized stablecoin issued by Interest Protocol. IPT is the governance token of Interest Protocol.
Users can mint 1 USDi by depositing 1 USDC into the protocol, and anyone can receive 1 USDC from the protocol by burning 1 USDi that they hold. In addition, users can deposit assets into a multi-collateral vault and borrow USDi against that collateral.
Regardless of how they obtained USDi, all USDi holders automatically earn yield without having to spend gas to stake. Given the same amount of capital, Interest Protocol can generate more loans with less liquidity risk than existing lending protocols without fractional reserves.
Interest Protocol automatically manages its reserve ratio—USDC in the protocol’s reserve over the total supply of USDi—by employing a variable interest rate system. As the reserve ratio decreases, the borrow and deposit rates of USDi increase, and vice versa.
## How Many IPT Tokens Are There in Circulation?
At launch, there will be 100 million IPT tokens in existence. 20% of this will be unissued and held in the protocol treasury. Through governance proposals, IPT holders can collectively decide to mint additional IPT tokens.
## Who Built Interest Protocol?
Interest Protocol was developed by GFX Labs. GFX Labs started in 2021 with the goal of building web 3 applications that facilitate ownership and improve usability.
### Where Can I Buy IPT?
IPT can be purchased by participating in the [IPT sale](https://interestprotocol.io/#/sale).
Where is Interest Protocol Token available for purchase?
You can exchange IPT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Interest Protocol Token is Uniswap (v3), notably the IPT/WETH pair, which saw a trading volume of $ 0 in the past day.
What is the highest value Interest Protocol Token (IPT) has ever reached?
Interest Protocol Token (IPT) reached its peak price at 0.2982 $ on 16 November 2025, approximately a few seconds ago ago. Presently, the current price is -78.42% lower than this all-time high.
What is the historical minimum price for Interest Protocol Token (IPT)?
The minimum price reached for Interest Protocol Token (IPT) was 0.09616 $, documented on 16 November 2025, more than a few seconds ago. In comparison, the current price is -33.1%, it low this historical low.
What is the fully diluted valuation of Interest Protocol Token (IPT)?
The fully diluted valuation (FDV) of Interest Protocol Token (IPT) stands at $ 6,43 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of IPT tokens. The realization of this FDV might take several years depending on the emission schedule of IPT tokens.