Status (October 2026): Loopscale’s beta, which needed a waitlist code, ended with its public launch in April 2025. On April 26, 2025, an attacker used a pricing flaw to drain about $5.8 million from two of its vaults. Loopscale offered a 10% bounty, the attacker returned the funds, and Halborn reported no losses for users. Loopscale now runs a points program for lending, borrowing, looping and referrals. As of October 11, 2026, its docs mention no token or airdrop, and CoinGecko lists no Loopscale token. Sources: The Block, Halborn, Loopscale docs.
Key Takeaways
- Loopscale is a 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.
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 Credit Order Book (COB), formerly called the Limit Creditbook, 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 in assets across the Solana ecosystem.
How To Qualify For An Airdrop?
Loopscale is a decentralized finance lending and borrowing platform. Loopscale has not announced an airdrop, but it runs a points program that rewards lending, borrowing, looping and referrals. To take part, users need Solana-based tokens in a Web3 wallet to lend or supply on the platform.
To join:
👉 STEP 1: Head over to https://app.loopscale.com/markets.
During the beta, users needed a waitlist code to access Loopscale. Since the public launch in April 2025, the app has been open to everyone without a code.
👉 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!
