We argue that the cosmological constant is exponentially suppressed in a
candidate ground state of loop quantum gravity as a nonperturbative effect of a
holographic Fermi-liquid theory living on a two-dimensional spacetime. Ashtekar
connection components, corresponding to degenerate gravitational configurations
breaking large gauge invariance and CP symmetry, behave as composite fermions
that condense as in Bardeen-Cooper-Schrieffer theory of superconductivity.
Cooper pairs admit a description as wormholes on a de Sitter boundary.Comment: 10 pages; v2 matches the published versio