Solana DEX Orca and lending protocol Loopscale have merged under a new name: Formation.
Orca has recorded more than $550 billion in cumulative trading volume, while Loopscale has originated more than $2 billion in cumulative loans. These figures measure different things and can’t be directly compared, but they differ by more than 200 times in scale. The CEO is Luke Truitt, Loopscale’s co-founder.
After the merger, Orca will handle trading, while Loopscale will handle lending and vaults (pools that consolidate funds for lending through protocols and executing strategies). Together, they aim to build a complete path for “new assets”—from issuance and financing to trading.
What are “new assets”? The company specifically names AI, energy, robotics, and defense—all capital-intensive industries.
Existing partners include Figure, Shinhan Asset Management, Superstate, R3, and Securitize. Most of them work in asset tokenization.
It’s clear that the CEO comes from the lending side, suggesting the company’s main offering is “helping assets get issued and raise capital,” with trading just one part of the process. Ultimately, it aims to provide these assets with access to regulated U.S. capital markets.
#Solana #借贷协议
Orca has recorded more than $550 billion in cumulative trading volume, while Loopscale has originated more than $2 billion in cumulative loans. These figures measure different things and can’t be directly compared, but they differ by more than 200 times in scale. The CEO is Luke Truitt, Loopscale’s co-founder.
After the merger, Orca will handle trading, while Loopscale will handle lending and vaults (pools that consolidate funds for lending through protocols and executing strategies). Together, they aim to build a complete path for “new assets”—from issuance and financing to trading.
What are “new assets”? The company specifically names AI, energy, robotics, and defense—all capital-intensive industries.
Existing partners include Figure, Shinhan Asset Management, Superstate, R3, and Securitize. Most of them work in asset tokenization.
It’s clear that the CEO comes from the lending side, suggesting the company’s main offering is “helping assets get issued and raise capital,” with trading just one part of the process. Ultimately, it aims to provide these assets with access to regulated U.S. capital markets.
#Solana #借贷协议