<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-1024x576.webp" alt="top 5 loan stakers" class="wp-image-5861"/></figure>



<p>The top 5 LOAN Stakers have a combined 329 Billion LOAN token.</p>



<p>They have earned <strong>244,242 USDL</strong> and<strong> 2.179 Billion PLS </strong>(71,449 USD at 0.00003279 USD/PLS).</p>



<p>We will look at each vault below.</p>



<p>Stick around until the end and we will talk about <em>what happens when prices rise</em> and how <em>you can earn even more with your rewards</em>.</p>



<h2 class="wp-block-heading tablecontent">Vault #1 </h2>



<p>Average LOAN Stake: 89.253 Billion</p>



<p>USDL earned: 65,945</p>



<p>PLS earned: 588.33 Million (19,291 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #2 </h2>



<p>Average LOAN Stake: 67.838 Billion</p>



<p>USDL earned: 50,313</p>



<p>PLS earned: 448.87 Million PLS (14,718 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #3 </h2>



<p>Average LOAN Stake: 64.693 Billion</p>



<p>USDL earned: 47,871</p>



<p>PLS earned: 427.08 Million PLS (14,004 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #4 </h2>



<p>Average LOAN Stake: 56.037 Billion</p>



<p>USDL earned: 41,521</p>



<p>PLS earned: 370.43 Million PLS (12,146 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #5 </h2>



<p>Average LOAN Stake: 51.634 Billion</p>



<p>USDL earned: 38,346</p>



<p>PLS earned: 339.92 Million PLS (11,146 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Rewards When Prices Rise</h2>



<p>All of these yields were earned during the bear market.</p>



<p>This means that:</p>



<ul>
<li>Borrowing fees (USDL rewards) are lower since there is net outflow of PLS.</li>



<li>The value of PLS rewards from redemption fees is lower since the price of PLS is lower</li>
</ul>



<p>If the price of PLS doubles from here:</p>



<ul>
<li>The value of previous rewards earned doubles as well</li>



<li>More USDL will be minted which will increase rewards earned through borrowing fees</li>
</ul>

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<figure class="wp-block-image size-large"><img width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers.webp 1200w"  sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/09/18035645/Top-5-LOAN-Stakers-1024x576.webp" alt="top 5 loan stakers" class="wp-image-5861"/></figure>



<p>The top 5 LOAN Stakers have a combined 329 Billion LOAN token.</p>



<p>They have earned <strong>244,242 USDL</strong> and<strong> 2.179 Billion PLS </strong>(71,449 USD at 0.00003279 USD/PLS).</p>



<p>We will look at each vault below.</p>



<p>Stick around until the end and we will talk about <em>what happens when prices rise</em> and how <em>you can earn even more with your rewards</em>.</p>



<h2 class="wp-block-heading tablecontent">Vault #1&nbsp;</h2>



<p>Average LOAN Stake: 89.253 Billion</p>



<p>USDL earned: 65,945</p>



<p>PLS earned: 588.33 Million (19,291 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #2&nbsp;</h2>



<p>Average LOAN Stake: 67.838 Billion</p>



<p>USDL earned: 50,313</p>



<p>PLS earned: 448.87 Million PLS (14,718 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #3&nbsp;</h2>



<p>Average LOAN Stake: 64.693 Billion</p>



<p>USDL earned: 47,871</p>



<p>PLS earned: 427.08 Million PLS (14,004 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #4&nbsp;</h2>



<p>Average LOAN Stake: 56.037 Billion</p>



<p>USDL earned: 41,521</p>



<p>PLS earned: 370.43 Million PLS (12,146 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Vault #5&nbsp;</h2>



<p>Average LOAN Stake: 51.634 Billion</p>



<p>USDL earned: 38,346</p>



<p>PLS earned: 339.92 Million PLS (11,146 USD at 0.00003279 USD/PLS)</p>



<h2 class="wp-block-heading tablecontent">Rewards When Prices Rise</h2>



<p>All of these yields were earned during the bear market.</p>



<p>This means that:</p>



<ul>
<li>Borrowing fees (USDL rewards) are lower since there is net outflow of PLS.</li>



<li>The value of PLS rewards from redemption fees is lower since the price of PLS is lower</li>
</ul>



<p>If the price of PLS doubles from here:</p>



<ul>
<li>The value of previous rewards earned doubles as well</li>



<li>More USDL will be minted which will increase rewards earned through borrowing fees</li>
</ul>

The Top 5 LOAN Stakers Earned 315,691 USD in 9 Months

Click here to learn how much money the top 5 LOAN stakers have earned in the first 9 months of the protocol.