CryptoDecryptabout 1 hour ago
Solana DeFi Firms Orca and Loopscale Merge
2 min read
Solana decentralized exchange Orca and lending protocol Loopscale merged Wednesday into a single company called Formation, headquartered in New York. The new firm targets AI, energy, robotics, and defense assets, backed by Orca's $550 billion trading volume and Loopscale's $150 million in deposits. Formation plans to introduce issuer tools within 12 months under the SEC's five-year Innovation Exemption.
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