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Project Overview
Loopscale Protocol is a peer-to-peer system and on-chain matching engine for borrowing and lending tokens on Solana, combining the market structures and risk management of traditional finance with the viability and scalability of public blockchains. The protocol enables sophisticated loan structuring and supports complex collateral, including LP tokens, natively-staked SOL, and tokenized treasuries.
No token issuance: ORCA becomes the sole token after Loopscale merges into Formation, points will continue to accrue
Loopscale has disclosed details of its merger with Orca, and after the merger, both parties will continue to operate as products under Formation. Loopscale point redemption will take place later this year, with specific details to be announced soon, and points will continue to accrue until the redemption event begins. Loopscale will not issue a token, and ORCA will become the sole token of the Formation ecosystem.
Solana Ecosystem's Orca and Loopscale Complete Merger, Aiming to Provide Financing Support for AI, Robotics, and Defense Sectors
Solana ecosystem projects Orca and Loopscale have announced the completion of their merger, aiming to provide financing support for the AI, robotics, and defense sectors.
Securitize High-Yield Credit Fund HINC Launches on Solana Lending Protocol Loopscale
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.
Related news
No token issuance: ORCA becomes the sole token after Loopscale merges into Formation, points will continue to accrue
Loopscale has disclosed details of its merger with Orca, and after the merger, both parties will continue to operate as products under Formation. Loopscale point redemption will take place later this year, with specific details to be announced soon, and points will continue to accrue until the redemption event begins. Loopscale will not issue a token, and ORCA will become the sole token of the Formation ecosystem.
Orca and Loopscale Announce Merger to Launch On-Chain Capital Platform Formation
Formation officially announced that Orca and Loopscale have formally merged. The merged entity will be named Formation, headquartered in New York, with Loopscale co-founder Luke Truitt serving as CEO, Mary Gooneratne as Chief Operating Officer, and Christopher Montagano as Chief Strategy and Legal Officer. Formation will integrate Orca’s trading and liquidity infrastructure with Loopscale’s lending and vault infrastructure to provide a one-stop on-chain financial platform for tokenized asset issuers, supporting their journey from issuance to scaling. It has already established partnerships with Figure, Shinhan Asset Management, Superstate, R3, and Securitize.
Solana Ecosystem's Orca and Loopscale Complete Merger, Aiming to Provide Financing Support for AI, Robotics, and Defense Sectors
Solana ecosystem projects Orca and Loopscale have announced the completion of their merger, aiming to provide financing support for the AI, robotics, and defense sectors.
Securitize High-Yield Credit Fund HINC Launches on Solana Lending Protocol Loopscale
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.