Loopscale Airdrop
Loopscale is a Solana-based lending protocol that enables users to lend assets, borrow against a wide range of collateral, and access fixed-rate loans and leveraged yield strategies. The Loopscale Points program adds rewards for DeFi activity, referrals and free social tasks. Following its merger with Orca, Loopscale announced plans to convert Points, potentially leading to an airdrop, with reward details, token allocations and eligibility yet to be confirmed.
🪂 Earn DeFi Yield & Loopscale Points
Loopscale combines several DeFi opportunities, allowing users to earn yield, borrow against their assets and stack Loopscale Points through the following activities:
• Lending: Earn interest through lending markets or curated Vaults.
• Vaults: Generate yield through managed DeFi strategies and vaults.
• Borrowing: Access liquidity by using supported assets as collateral.
• Loops: Increase yield exposure through leveraged DeFi strategies.
• Points: Earn rewards through DeFi activity and community participation.
• Referrals: Earn an additional 5% of the Points generated by invited users.
Idle lending deposits also earn Points, with higher rewards on actively lent capital.
Specific lending markets and yield strategies offer bonus rewards, including 3x Loopscale Points and additional incentives from DeFi partners such as Hylo, OnRe, Fragmetric and Solstice.
About Loopscale
Loopscale is a decentralized lending and yield platform on Solana that connects lenders and borrowers through an onchain credit order book. Its fixed-rate lending model allows lenders to select acceptable collateral, interest rates and loan terms, while borrowers can access liquidity without selling their assets. The platform combines Loopscale Vaults for curated lending, Advanced Lending for customizable credit markets, and Loops for leveraged yield strategies. Earn Vaults deploy capital through managed strategies across DeFi markets, with returns depending on underlying assets and market performance. Supported collateral includes liquid staking tokens, liquidity positions, yield-bearing assets and tokenized real-world assets.
Founded in 2021 as Bridgesplit by Luke Truitt and Mary Gooneratne, Loopscale is a US-based company that announced $4.25 million in funding backed by CoinFund, Jump Capital, Coinbase Ventures and Solana Ventures. The merger with Orca created Formation, combining lending and yield infrastructure with decentralized trading and liquidity. $ORCA serves as Formation’s ecosystem token, while Loopscale does not plan to launch a separate native token.
The protocol’s security documentation lists nine independent reviews by OShield, Sec3, Highland Security and Adevar Labs, alongside a bug bounty of up to $250,000. Previous security incidents highlight the importance of understanding smart-contract, liquidity and collateral risks.
Step by step guide Loopscale Airdrop
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Connect your wallet and earn free Points
Visit Loopscale and connect your Solana wallet.
→ Click your Points balance in the top-right corner, next to your wallet address, to access the Points dashboard.
→ Under Join the Loopscale community, connect your 𝕏 account for 2,000 Points and verify your Discord membership for another 3,000 Points.
💡 These social tasks let you earn 5,000 Points without depositing funds. Your Points balance and referral link are available on the same dashboard.
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Lend, borrow, earn yield and Points
Use the main navigation menu to choose the DeFi activity that matches your strategy:
→ Lend: Choose a curated Vault and click Deposit to supply assets, or select Advanced Lending → View Market to customize collateral, interest rates and loan terms.
→ Earn: Browse managed yield Vaults, compare APYs and strategies, then select Deposit to invest in your preferred vault.
→ Loop: Explore Yield Loops or Leverage Loops, review net APY, borrowing costs and leverage, then select a strategy to open a position.
→ Borrow: Choose a borrowing market, select supported collateral and review its LTV, interest rate and liquidation threshold before opening a loan.
→ Ecosystem: Explore partner lending markets, Points multipliers and additional incentives from integrated DeFi protocols.
💡 Review each position’s risk and withdrawal conditions before confirming transactions. Lending rates and yields vary, while borrowing and leveraged positions can face liquidation.
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Manage positions and track rewards
Use Portfolio and the Points dashboard to monitor your funds, loans and rewards.
→ Click Portfolio in the top navigation to track deposits, lending positions, outstanding loans and available withdrawals.
→ Manage collateral, repay loans or withdraw eligible funds according to each position’s terms and available liquidity.
→ Click your Points balance in the top-right corner to check daily earnings, copy your referral link and track invited users.
💡 For details on Points calculations, bonus multipliers and eligible external integrations, read the official Loopscale Points documentation.
* Loopscale combines fixed-rate lending, collateralized borrowing and managed yield strategies, giving Solana users flexible ways to earn interest and access liquidity. Loopscale Points add extra rewards for lending, borrowing and yield strategies, with a future Points conversion that will potentially lead to an airdrop. Follow @Loopscale on 𝕏 and join the community on Discord for the latest updates.
Use the AirdropAlert Eligibility Checker to check your wallet eligibility for Airdrops.
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