DeFi Development Corp. (NASDAQ: DFDV) has signed a letter of intent with Loopscale to deploy a portion of its SOL and stablecoin reserves into the Solana-based lending protocol. This strategic move aims to generate on-chain yields and participate in Loopscale's token reward program by allocating funds to its vaults and lending markets.
Loopscale, known for its order-book lending protocol, currently manages over $100 million in deposits and has facilitated more than $2 billion in loan volume across 200 assets. This partnership is expected to enhance DeFi Development Corp.'s yield generation capabilities while leveraging Loopscale's robust lending infrastructure.
DeFi Development Corp. to Deploy SOL and Stablecoins on Loopscale
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