Exploration trees and conformal loop ensembles
  We construct and study the conformal loop ensembles CLE(kappa), defined for all kappa between 8/3 and 8, using branching variants of SLE(kappa) called exploration trees. The conformal loop ensembles are random collections of countably many loops in a planar domain that are characterized by certain conformal invariance and Markov properties. We conjecture that they are the scaling limits of various random loop models from statistical physics, including the O(n) loop models. 
Scott Sheffield