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.