Lightspeed Solana's Breakout DeFi Lending Protocol | Mary Gooneratne
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Aug 15, 2025 Mary Gooneratne, Co-founder of LoopScale, a Solana-based lending protocol, unpacks the innovative landscape of DeFi lending. She discusses how LoopScale's order book system is set to revolutionize decentralized finance. Mary delves into the advantages of building on Solana, emphasizing scalability and cost-effectiveness. She also addresses challenges like security breaches and shares insights on competing in the DeFi lending market. The conversation highlights the potential future of lending and the importance of user-friendly design in this rapidly evolving ecosystem.
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Order-Book Native Lending
- LoopScale uses an order-book, multi-parameter lending primitive rather than pool-based lending to match borrowers and lenders directly.
- This enables custom interest rates, LTVs, durations, and structured credit products not possible with pooled variable-rate markets.
Why Pools Force Inefficiencies
- Pool-based lending prices interest solely by utilization and collapses collateral risk into the worst asset in the pool.
- Order-book bilateral loans let you price per-collateral and avoid forced idle liquidity and rate mismatches.
Making Order Books Usable
- Order-book lending existed historically (e.g., ETHLend) but failed early due to fragmentation and capital inefficiency.
- LoopScale builds lender-side vaults and abstractions so lenders place reusable orders and borrowers get immediate market fills.