Hassan Maishera
On Thursday, the Solana team announced via X that Loopscale is now live, leveraging Solana’s speed and low costs to build permissionless internet credit markets. With Loopscale, lenders and borrowers match directly, eliminating pool-based liquidity constraints and rate spreads.
Their markets offer fixed-rate, fixed-term loans and support complex assets like LP tokens, liquid- and native-staked SOL, and cross-protocol positions.
Solana is an integrated, open-source blockchain that synchronizes global information at the speed of light. The network is focused on fast transactions and high throughput to encourage mass consumer adoption of blockchain technology. SOL is up 1% in the last 24 hours and trades at $117.04.
