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More than a half decade into DeFi, the sector is still somewhat of a wild west beset by elevated risk, unpredictable yields and the occasional crisis. Mary Gooneratne, co-founder of Solana DeFi startup Loopscale, wants to give blockchain borrow-lend a facelift.

“A lot of those [existing DeFi] architectures were designed kind of as a function of Ethereum’s constraints,” Gooneratne said in an interview. 

Lightspeed has learned exclusively that Loopscale is opening its protocol to the public today, marking the end of its closed beta phase.

Loopscale’s distinguishing feature is its…

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