In Q3, Loopscale established itself as Solana’s defining modular, order book-based lending protocol, reaching over $100M in deposits, $38M+ currently borrowed, and 4,000+ active loans six months after launch.In this recap, we’ll explore what’s driven this growth: integrations launched, product improvements shipped, and appearances in media and research across the wider DeFi ecosystem.
Many assets launched on Loopscale in Q3, from both new entrants and established protocols. We introduced real-world yield to Loopscale alongside other high-performing crypto-native tokens.The outcome: Loopscale is the best place to scale new assets on Solana.Here’s what went live:OnRe Finance: Loop and lever reinsurance yields with ONyc. In tandem, the OnRe USDC Vault was launched, purpose built for providing borrow liquidity to ONyc collateral for Loops and borrowing.Loopscale has since become the largest minter of ONyc, responsible for roughly half of all issuance to date.Etherfuse: Loopscale added TESOURO, Etherfuse’s tokenized Brazilian government bonds. This marked another step into real-world assets, giving users leveraged exposure to sovereign debt yields via Looping as well as the opportunity to use this real-world asset as collateral for borrowing.Marinade: Marinade’s mSOL went live on Loopscale, bringing Looping strategies for top-tier liquid-staked Solana yield to users. Strong borrowing demand for mSOL continues to drive attractive yields for lenders to the SOL Genesis Vault.Hylo: A newer protocol bringing superior SOL yields and liquidation-free leverage, Hylo now has its hyloSOL, hyloSOL+, and fixed-yield (PT) variations of these assets live on Loopscale. More to come for Hylo, soon!Adrena: Loopscale launched the ALP (Adrena Liquidity Provider) Loop, bringing triple-digit returns for ALP Loopers thanks to Adrena’s ADX incentives on the USDC Vault that powered low borrow rates. One of the most popular Loops of Q3!Zeus Network: Bitcoin, on Loopscale, courtesy of our friends at Zeus. The zBTC vault has seen great traction on Loopscale, which primarily lends to zBTC-based Loops.Fragmetric: FRAG incentives were added to the JitoSOL vault, providing low borrowing rates for JitoSOL-based Loops with Fragmetric assets like fragBTC and fragSOL. This gave lenders an additional layer of yield, while those Looping Fragmetric assets gained better leveraged returns.Orca: Loopscale made it possible (for the first time!) to Loop LP positions, beginning with select Orca LPs. Loopscale’s team continues to ship new LP Loops consistently — keep an eye out!Each new integration reinforces what we’ve known since launch: modular lending markets can support emerging assets faster than pool-based alternatives.
Alongside new integrations, iterative product improvements to the user experience and backend infrastructure have been core focuses of Loopscale’s development.Loop Rollovers: Loopscale users can now roll over Loops for assets with maturity dates (i.e. fixed yield / PT assets from RateX and Exponent), making loop management more flexible and efficient. This streamlines continuing a PT position to the next maturity without requiring users to exit and re-enter loops.Repay with Collateral: Users can now repay with the collateral asset (in addition to the typical debt asset), creating more flexibility in position management for Loops and Borrows.Change Loop Leverage: You can change the leverage on a Loop without needing to manually adjust debt and collateral amounts. Leverage can be now changed with a single slider in the Loopscale UI.Loop PnL Improvements: Loopscale’s team has done a fair bit of work behind the scenes to make Loop PnL displays for complex assets more accurate, understandable, and consistent. Users are also now alerted when opening a Loop with an underlying price at a premium, which could lead to higher PnL than expected when opening a Loop.Adevar Audit: Adevar Audit: Loopscale completed another security review in partnership with Adevar Labs, continuing our commitment to progressive, feature-specific audits before any program update.
With $100M in deposits achieved and integrations spanning LSTs, RWAs, perp LPs, tokenized stocks, and yield-bearing tokens, Loopscale has established itself as Solana’s modular credit market. Q4 will build on this foundation with more asset support, expanded vault programs, and continued security audits.We’re grateful to our community and partners for making Q3 another defining chapter in Loopscale’s journey. See you on the order book!
