Loopscale
Lending platform for the next generation of onchain assets
- 1-20 employees
- Fintech
- B2B
- Marketplace
- Investing
- Blockchain
- Art
- Web 3.0
- Kips Bay, New York, NY
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Company mission
To unlock economic opportunity by building the next generation of capital markets on efficient, open networks.
Our take
The market is moving towards a new kind of financial system, one build on open, onchain networks. Loopscale sees a big opportunity here, particularly around credit where traditional DeFi lending can struggle to give users the flexibility, pricing and risk controls they need. So it aims to make capital markets more efficient, while opening up liquidity for assets that have historically been harder to use.
Its lending platform uses an order book to match borrowers and lenders, letting users borrow against a much wider range of assets, including staked assets, LP positions and memecoins. On the other side, lenders can choose their assets, rates and exposure, while Loopscale Vaults offer managed strategies. The aim is to make sophisticated financial products feel much simpler to use.
And the team have already launched products with more than $100M in onchain volume, with the company receiving backing from Coinbase, Jump, CoinFund and Solana Ventures. It is now hiring across teams as it works to scale its platform.
Kirsty
Company Specialist at Welcome to the Jungle
Leadership
Mary Gooneratne
(Co-Founder & COO)Prior to co-founding Loopscale in 2021, Mary co-founded Phoenix. Before that, they were a Machine Learning Research Engineer and Software Engineer at Google.
Luke Truitt
(Co-Founder & CEO)Before Loopscale, Luke co-founded AML Group. They also worked as a Quantitative Trader at Optiver, as a Technical Product Manager at ARCO/Murray and as a Machine Learning Engineer at General Motors.