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in half a year, @Loopscale has grown from ~$10M to ~$110M in deposits
that's without infofi games, quests, 'moon math' marketing, unsustainable incentives, and so on.
just good product, good yields, and pmf
devin retweeted
Today, Loopscale is introducing PRISM, an aggregator unifying @multiliquid_xyz, @FissionXYZ, and @Securitize into one router powering instant settlement for permissioned RWAs on Solana.
RWAs are a $25B market with almost zero secondary liquidity.
Leading tokenized funds hold billions in AUM but record fewer than 100 monthly transfers. Daily trading volume across most permissioned tokens is effectively nonexistent.
the @Loopscale x @Securitize x @solana event this morning has made me bullish on both breakfast events and on the the cryptocurrency industry as a whole
sick
there are stronger UI safeguards for deleting a character in World of Warcraft
Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.
Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return.
The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox.
The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal.
Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space.
We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction.
The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.
Love asking Claude a simple question and it starts creating a whole entire webpage in react to answer it
thanks
devin retweeted
allow me to introduce you to
order book lending markets
per-collateral, per-LTV, *and* per-duration rates on @loopscale. can be defined by vaults or solo lenders placing orders.
鉁╫nly possible on @solana
in stars, fusion only goes as far as iron
gold is only created by events like supernovae
send it higher
Crypto-native and real-world assets exist side by side on Loopscale.
Two out of top five Loops are leveraging real-world yields.
The other three are Solana-native yield-bearing assets from @hylo_so, @solsticefi, and @bulktrade x @ExponentFinance.
Good time to be onchain.
Two of the top five Loops on Loopscale are for RWAs: @onrefinance's ONyc and @Securitize鈥檚 ACRED.
$35M sits in Loopscale's ONYC / USDC market and $13M in the ACRED / USDG market.
RWAs are gaining momentum on @solana, and Loopscale is the credit layer unlocking their growth.
