Key Takeaways

Loopscale is a new DeFi primitive for borrowing and lending on Solana. Users can borrow and lend against any asset at the best rate on their platform. Moreover, the protocol also introduces an orderbook-based approach to DeFi lending, moving beyond the constraints of the pool model and unlocking new possibilities for borrowers and lenders alike.

Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There's no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally , airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.

What Is Loopscale?

Loopscale is a lending protocol built on the Solana blockchain designed to bring greater efficiency to asset-based capital markets. Using a peer-to-peer matching engine rather than the conventional pool-based approach, the protocol allows borrowers and lenders to interact more directly, setting custom terms for each transaction.

< p>Notably, Loopscale supports various collateral types, including complex assets like liquidity provider tokens and tokenized real-world assets (RWAs).

At the core of Loopscale's system is its Limit Creditbook (LCB), a flexible marketplace where users can define specific loan parameters, such as collateral, interest rate, and duration, giving both parties complete control over their transactions. This setup addresses the inefficiencies in existing DeFi lending protocols while unlocking the latent value inassets across the Solana ecosystem.

How To Qualify For An Airdrop?

Loopscale is a decentralized finance lending and borrowing platform. To be eligible for a potential airdrop, users must have Solana-based tokens available on their Web3 wallets to lend and supply to the platform.

To join:

👉 STEP 1: Head over to https://app.loopscale.com/markets.

To access Loopscale, users need a waitlist code, as the platform is currently in beta. Here are some codes for you to use:

Mc878lqvq84D

👉 STEP 2: Connect your Solana-based wallet.

👉 STEP 3: On the Lend page, supply some tokens (SOL, USDC, etc.).

👉 STEP 4: Keep an eye on official announcements and hope for the best!

Final Thoughts

That's about it for this airdrop guide! For more potential airdrops like this one, visit our Airdrops page, where we cover only the most legit airdrops happening in the crypto space!

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