Loopscale Launches Public Protocol for Enhanced Solana DeFi Efficiency
Loopscale, a DeFi startup on Solana, has launched its protocol to the public after a closed beta phase. Key features include:
- Order book architecture that matches lenders and borrowers directly, differing from pool-based models.
- Allows users to set fixed rates and terms for loans, enhancing market flexibility.
- Aims to mitigate risks tied to pooled assets, as highlighted by co-founder Mary Gooneratne.
- Initial use cases may involve speculative products like leveraged loans against yield-bearing assets.
- Incorporates a points system for potential future token allocations.
Gooneratne and co-founder Luke Truitt previously created a defense startup acquired in 2020 and have experience with real-world asset lending, such as tokenized whiskey. This background informs their vision for new decentralized financing opportunities.