➿ In The Loop #002
A biweekly digest covering Loopscale strategies, integrations, product updates, and the best yields.
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Now live: @maplefinance syrupUSDC🍁
Loop it for up to 37.9% APY, or use it as collateral to borrow.
The 3rd largest yield bearing dollar asset meets the power of Loopscale's credit markets.
For the Bitcoin enjoyers:
The pt-fragBTC / zBTC Loop is currently providing 15.5% APY.
Keep your exposure to Bitcoin and earn yield. All on Solana.
@ExponentFinance
@fragmetric
@ZeusNetworkHQ
The sphSOL / SOL Loop continues to provide excellent leveraged staked SOL yield - APY currently sits at 22%.
1,344 sphSOL is currently deposited in this Loop.
Loopscale's SOL Vault continues to offer a high APY thanks to continued borrowing demand - currently providing 10.7% on SOL, including extra rewards from @sphere_labs and @SolanaHubApp.
Product update: Better Loop charts for positions in your portfolio. Position value, PnL, and rate history.
PnL charts and projected PnL are particularly useful for PT- (fixed yield) tokens, which reach their maximum return at maturity.
More UX updates for Loops coming soon!
This week, our co-founder @marygooneratne met with @jacqmelinek and shared how Loopscale is reshaping credit onchain.
Accelerate.
The latest @Solana Sessions is with @marygooneratne, cofounder of @LoopscaleLabs ✨
We discuss institutional vs retail borrowing behavior, Loopscale's recovery after a $5.8M exploit, how its Loops product passed $1B in volume, and why she believes DeFi can rebuild global credit markets.
This episode is a part of the Solana Sessions campaign that @Token_Relations and @_TalkingTokens are doing, diving into founders’ journeys and startups building on Solana.
TIMESTAMPS:
0:00 Mary’s background and founding Loopscale
2:24 From tokenized whiskey casks to crypto credit markets
4:23 Why lending hasn’t evolved like trading on Solana
6:01 Pool-based model limitations and capital inefficiency
8:11 Why Solana was the only viable chain
11:02 Inside the $5.8M exploit and recovery process
13:08 Lessons from the hack and security upgrades
17:12 New risk controls and protocol design changes
20:03 Who uses Loopscale: LPs, whales, and institutions
21:24 What products are growing fastest
24:07 Why idle Solana liquidity is a huge opportunity
25:58 The future: real-world assets and institutional lending
27:10 What institutions want from on-chain credit
28:21 Global credit markets and underserved borrowers
30:13 What’s next: sponsored credit vaults
30:29 Final advice: talk often and talk to builders
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