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Thanks to an innovative design and the development of large monolithic silicon drift detectors, the Large Area Detector (LAD) on board the Large Observatory For x-ray Timing (LOFT) achieves an effective area of ~10 m2 (more than an order of magnitude larger than current spaceborne X-ray detectors) in the 2-30 keV range (up to 80 keV in expanded mode), yet still fits a conventional platform and small/medium-class launcher. With this large area and a spectral resolution of <260 eV over its entire band, LOFT will revolutionise the study of collapsed objects in our galaxy and of the brightest supermassive black holes in active galactic nuclei, yielding unprecedented information on strongly curved spacetimes and matter under extreme conditions of pressure and magnetic field strength.