Order book-based credit markets. A new standard for borrowing and lending onchain.
Joined February 2021
- Tweets1.4K
- Following112
- Followers37.3K
- Likes5.8K
Introducing @formation_so.
We're merging with @orca_so to build a full-stack DeFi platform on @solana. Trading, credit and vaults in one place, so any asset can launch, trade and be borrowed against without leaving the stack.
Loopscale retweeted
Tokenized assets need a market to trade in and credit to scale with.
Formation brings @orca_so's liquidity infrastructure and @Loopscale's credit infrastructure together, from issuance to scale.
Catch Formation CEO @Luketruitt on @0xResearch ↓
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt @marcarjoon @0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act and Regulated US Markets
21:17 Token Holders in Crypto M&A
28:24 DAS London
29:02 Token Holders in Crypto M&A (cont.)
34:28 Monetizing Credit Through Trading
38:03 xORCA Fees Cut 40%→10%
44:54 Competing for New Lending Markets
48:59 Are DeFi Yields Mispriced?
51:50 Prop AMMs Hit ~36% of Solana DEX
56:21 Formation's Next 12 Months
Loopscale retweeted
DeFi has demonstrated the power of onchain financial infrastructure across the small universe of crypto assets.
The much bigger opportunity is using that infrastructure to expand the universe of assets that capital markets can serve.
Bringing together Orca and Loopscale as @formation_so puts us in a unique position to build toward that future.
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt @marcarjoon @0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act and Regulated US Markets
21:17 Token Holders in Crypto M&A
28:24 DAS London
29:02 Token Holders in Crypto M&A (cont.)
34:28 Monetizing Credit Through Trading
38:03 xORCA Fees Cut 40%→10%
44:54 Competing for New Lending Markets
48:59 Are DeFi Yields Mispriced?
51:50 Prop AMMs Hit ~36% of Solana DEX
56:21 Formation's Next 12 Months
Tokenized assets need credit infrastructure built around them, with fixed-rate lending and vaults tuned to each asset.
Loopscale brings that infrastructure to @formation_so, and CEO @Luketruitt walks through how on @0xResearch ↓
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt @marcarjoon @0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act and Regulated US Markets
21:17 Token Holders in Crypto M&A
28:24 DAS London
29:02 Token Holders in Crypto M&A (cont.)
34:28 Monetizing Credit Through Trading
38:03 xORCA Fees Cut 40%→10%
44:54 Competing for New Lending Markets
48:59 Are DeFi Yields Mispriced?
51:50 Prop AMMs Hit ~36% of Solana DEX
56:21 Formation's Next 12 Months
Loopscale retweeted
Really enjoyed talking through the @orca_so x @Loopscale merger, financing the frontier onchain and the path to regulated US markets with @0xResearch.
Formation is the future of onchain capital markets.
@0xcarlosg and co. asking some hard hitters!
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt @marcarjoon @0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act and Regulated US Markets
21:17 Token Holders in Crypto M&A
28:24 DAS London
29:02 Token Holders in Crypto M&A (cont.)
34:28 Monetizing Credit Through Trading
38:03 xORCA Fees Cut 40%→10%
44:54 Competing for New Lending Markets
48:59 Are DeFi Yields Mispriced?
51:50 Prop AMMs Hit ~36% of Solana DEX
56:21 Formation's Next 12 Months
Loopscale retweeted
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt @marcarjoon @0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act and Regulated US Markets
21:17 Token Holders in Crypto M&A
28:24 DAS London
29:02 Token Holders in Crypto M&A (cont.)
34:28 Monetizing Credit Through Trading
38:03 xORCA Fees Cut 40%→10%
44:54 Competing for New Lending Markets
48:59 Are DeFi Yields Mispriced?
51:50 Prop AMMs Hit ~36% of Solana DEX
56:21 Formation's Next 12 Months
USDC in the Vault backs loans against collateral tied to Hylo's Earn Pool, which draws DeFi-native rewards from Hylo's entire TVL.
app.loopscale.com/vault/usdc…
The USDC Hylo Vault cap is now $10M.
Earn up to 8.98% APY lending USDC against @hylo_so’s eHYUSD and @ExponentFinance’s Hylo fixed-yield and tranching markets.
Depositors earn hyUSD rewards, plus 2x Hylo XP.
Loopscale retweeted
A silent beast in the making?
Loopscale and Orca merged, so we now have:
- @orca_so → trading + LPing
- @Loopscale → earning
- @formation_so → public capital markets onchain
@Luketruitt on Formation:
“AI, robotics and factories need massive amounts of capital. Tokenization makes raising and investing in it cheaper and easier.”
Loopscale retweeted
Earlier this month at TOKEN2049, we introduced Formation and our mission to build capital markets for the industries shaping the next decade.
CEO @Luketruitt joined leaders from @Solana_Company, Shinhan Asset Management, and SBI Holdings to discuss why Orca and Loopscale merged and how Formation creates a unified path from asset creation to global liquidity.
Where Loopscale credit fits in Formation, from @Luketruitt at @token2049 ↓
Earlier this month at TOKEN2049, we introduced Formation and our mission to build capital markets for the industries shaping the next decade.
CEO @Luketruitt joined leaders from @Solana_Company, Shinhan Asset Management, and SBI Holdings to discuss why Orca and Loopscale merged and how Formation creates a unified path from asset creation to global liquidity.
Loopscale retweeted
Frontier opens first on @solana.
Deposit SOL into the vault powered by @Loopscale & @sanctumso. Stack 8x @domaprotocol points and allocate them toward 1,000+ new TLDs like .sol, .agent, .labs, .wallet.
The domain land rush is underway.
Earn 9.35% APY on SOL with the Doma SOL Internet Vault, plus an 8x @domaprotocol points multiplier.
The vault allocates SOL across @sanctumso LSTs, including jupSOL and INF, to optimize staking yield in one position.
Doma points accrue automatically on every vault deposit. Use them to set priority for names on .sol, .agent, and 1,000+ new internet extensions.
Link your Loopscale wallet on @D3inc’s Frontier to track your points: frontier.d3.com/discover#vau…
Explore .sol: frontier.d3.com/solana
Earn 9.35% APY on SOL with the Doma SOL Internet Vault, plus an 8x @domaprotocol points multiplier.
The vault allocates SOL across @sanctumso LSTs, including jupSOL and INF, to optimize staking yield in one position.
Earn up to 25.2% APY on srnOPAL Loops, now live on Loopscale.
srnOPAL is the senior tranche of @ExponentFinance’s nOPAL market. Get @plumenetwork’s yield from Brazilian credit-card receivables, with a minimum 15% principal protection in exchange for a more conservative yield.
Loopscale retweeted
srnOPAL is now live on @Loopscale
Use srnOPAL as collateral to borrow USDC and increase your Senior exposure with up to 4x leverage
Current maximum APY: 25.18%
Looped positions remain eligible for srnOPAL incentives on Exponent ↓
Loopscale retweeted
.@orca_so and @Loopscale are merging into @formation_so to bring onchain financing to AI, robotics and defense.
@Luketruitt, now CEO of Formation, talked about this shift on the live show last month.
“The world is becoming very capital hungry. Whether it’s the physical AI build-outs, robotics, manufacturing, energy, all those things are very much more capital intensive than what startups and big tech looked like ten years ago.”
“That could be a $5,000,000 bond issuance to go fund part of a data center being constructed or building a new missile factory.”
nitter.cf/marygooneratne/status/…
A very exciting day for our team and users: @Loopscale and @orca_so are joining forces as Formation @formation_so.
We’ve spent years building towards realizing the potential of onchain financial infrastructure and we now, together, have the team, technology, and ambition to expand what those markets can finance.
This is the start of a much bigger chapter for us and for the ecosystem more broadly.