Yes ofc it's Loopscale (@LoopscaleLabs)

Loopscale has raised an undisclosed amount from various VCs, incl. Coinbase and Solana Ventures.

We can all remember Parcl that was also backed by Coinbase

I personally believe Loopscale will be even better, as it has more demand

But what is Loopscale?

Loopscale is far more than just a copy of Kamino or Drift

It introduces a new modular lending infrastructure that offers significantly higher yields

Order booked-based lending has many benefits and is Toly approved

Loopscale provides Lending and Borrowing as well as Loops

By interacting with the protocol, you can earn points that will likely result in an airdrop in the coming weeks/months

Again you can farm these points using stablecoins without any price exposure

Here's how to start

Vaults:

Lend your assets through our vaults. This is the most comfortable way: deposit, earn and forget

Rewards: 12.96K points per $1K p/day

Advanced Lending/Borrowing:

Lend tokens against collateral, choosing from over 100 options. This allows you to short, hedge, and more as a borrower

This might remind you of Rainfi. It is indeed similar, but with deeper liquidity and an additional benefit...

What if no one accepts the loan?

That's not really a problem on Loopscale as you can lend your idle capital at a certain base APY

This is what I meant by next-level lending protocol - your funds will always make you money

Rewards: 17.28K points per $1K p/day (Borrowing: 8.6K)

Loop:

If you like lending, you'll love looping! Basically lending on steroids

You can loop stablecoins up to 25% and it also gives you by far the most points with 25.46K per $1K per day

Ps. It takes some $ and time to get the loop started (don't open and close)

Disclaimer: With loops, you can theoretically get liquidated

The higher the leverage (loop), the lower your health. Loopscale always informs you about the liquidation price

However, it takes a lot to get liquidated with Sol pairs, JLP, or stablecoin-pegged coins

TL;DR

Loopscale is the next-level lending platform

For maximum points and money, choose "Loop". If you prefer a set-and-forget approach, deposit in "Vaults"

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