📷Loopscale, a modular lending protocol based on Solana, is officially launched!
After 6 months of closed beta testing, the transaction volume exceeded 750 million US dollars, and 50,000+ users are eagerly waiting! If you want to know more about this potential project that is sweeping DeFi, come and find out! 👇
📌 Project Introduction
Loopscale is a decentralized finance (DeFi) lending protocol based on Solana, focusing on innovating the blockchain lending market through a modular order book architecture. Compared with traditional pooled lending, Loopscale directly matches borrowers and lenders, provides loans with fixed interest rates and terms, and brings more efficient and transparent capital flows.
About the Team
Loopscale was co-founded by two Duke University alumni:
marygooneratne: Co-founder, deeply involved in the DeFi and blockchain fields, has participated in the creation and successful exit of a defense technology startup, and has also created a whiskey tokenized lending market based on Solana.
TruittLuke: Co-founder, with a background in computer science, has worked with Mary for many years, focusing on blockchain technology and decentralized financial innovation.
💰 Financing
Loopscale has been endorsed by top institutions and has a luxurious financing lineup:
Investors: Coinfund, SolanaVentures, Coinbase, JumpCapital, etc., with a total of US$4.25 million in financing
🌟 Project Highlights
Order book architecture: Abandoning traditional pool-based lending, Loopscale directly matches borrowers and lenders through an order book, reducing the systemic impact of risky assets and providing fixed interest rates and flexible terms. 📷
Solana Ecosystem Empowerment: Relying on Solana's high throughput and low fees, Loopscale achieves fast, low-cost decentralized financing suitable for diversified assets. 📷
Innovative products:
Loop product: Users can magnify their returns through leveraged loans and borrow assets to obtain more similar assets. It is suitable for those with high risk preferences.
Points system: Participants can accumulate points, which may be linked to token airdrops in the future to attract early users. 📷
Practical verification: During the closed beta test, Loopscale has processed over $750 million in lending transactions and accumulated more than 50,000 candidate users, proving its technology and market potential. 📷
🙌 How to participate?
1. Visit the official website and link your wallet
2. Deposit assets: Select supported digital assets and participate in the lending market (lending or borrowing)
3. Complete the tasks of following Twitter and Discord in Points to get 5,000 points for free
4. Experience the Loop product: Try leveraged lending to maximize potential returns.
5. Join the community: Follow Loopscale’s X account and participate in the discussion on Discord or Telegram to get the latest updates!
⚠️ Risk Warning
Market risk: The DeFi market is volatile and asset prices may lead to liquidation risks, especially for leveraged products.
Technical risks: Smart contracts may have vulnerabilities. Although Loopscale has completed closed testing, you still need to be vigilant about potential bugs.
Uncertainty of tokens: It is still in the early stage. If it becomes popular later, it will attract big money and dilute the points.
Project uncertainty, order book lending is not a form currently accepted by the mass market, and may not be accepted by the public, but it is an innovation that can put some funds
