Abstractly

Since Jito's airdrop revived Solana's LSD strongly, it currently leads Solana in terms of TVL. There are now 53 LSD projects in the ecosystem, facilitating liquidity influx into Solana.

The current achievements of LSD projects on Solana reflect continuous efforts by developers and the community. As capital flows into LSDs, we believe Solana will develop comparably to Ethereum, with explosive growth in user base, liquidity, and LSD protocols in the near future.

iLoop will provide LSD users opportunities to optimize LST asset profits, offering unprecedented yield farming possibilities. Unlocking these features requires efforts not just from iLoop but also from the broader Solana community and LST holders.

Why Solana

We choose to build on Solana because we see it as the hub for financial transactions in general, and specifically for LST assets. Solana's perfect design makes it an ideal platform for widespread application, boasting high scalability and low transaction costs, suitable for billions of users.

Solana aims to ensure accessibility and scalability to meet real-world demands. With its ultra-fast speed and unclogged mempool, Solana processes transactions at one of the highest rates currently, approximately 50,000 transactions per second.

Additionally, Solana's developer community and ecosystem are exceptionally large and high-quality, unlike any other ecosystem. Developers have pioneered groundbreaking, highly useful products, integrating blockchain into everyday life. This massive community exemplifies Solana's revolutionary development, transforming it from a technological platform into a community aiming to revolutionize and enhance how people interact with blockchain technology in daily life.

Solana is assembling the pieces of a complete ecosystem and continues to add groundbreaking elements that other blockchains lack. This is evident in its daily user growth and transaction volume leadership, fostering a network effect where more products attract more users, leading to increased liquidity within the ecosystem. As liquidity flows into the ecosystem, it spreads across various projects, especially LSDs, an underexplored but promising niche.

Unlike any other blockchain, Solana has established partnerships with external organizations such as PayPal, Shopify, TipLink, and others. This not only expands the platform's community and real-world usage but also demonstrates confidence in Solana's ability to efficiently meet transactional needs and scale.

We believe Solana will grow stronger than ever with products like Jupiter, Sanctum, Raydium, Drift, SolBlaze, etc. These reasons drive our desire to become a part of this remarkable ecosystem, allowing users to optimize their LST assets.

Why are we focusing on LST assets?

Currently, Solana ranks second in Staking Marketcap, showcasing its immense appeal and potential to both communities and investors. This second position isn't surprising given Solana's proven capabilities in the blockchain space, attractive Reward Rates, and network security.

According to data from @21co__, currently approximately 6.78% of SOL (~$3.82B) is staked through liquid staking providers, significantly less than Ethereum's 40% market share. However, this figure remains largely untapped with significant potential for growth in the future. Ethereum, with its longevity and popularity, has a well-developed staking ecosystem, readily available for LST holders.

This data underscores that staking on Solana remains largely untapped. For an LSD project to succeed, it must meet two critical conditions: liquidity and the application of LST in DeFi platforms. When an LSD protocol meets these conditions, users and capital begin to flow in. The greatest evidence of this success is Lido.

When LSD protocols are supported by Sanctum's liquidity, our product aims to optimize profits for LST assets. With this strong combination, we anticipate a shift of new users and native staking users towards LSD protocols, positioning us as the endpoint for LST assets.

What next?

Currently, we're striving daily to launch in August, with much work ahead to help LST holders optimize their assets. As we're in the early stages of product development, there's substantial potential for exploration.

iLoop will take its first steps in August, and we have exciting plans immediately post-launch. On the product side, we'll provide lending pools for leading LST assets like jitoSOL, mSOL, bSOL, and others in the near future. As funds pour into LSDs, demand for DeFi projects optimizing yield for LST will rise, where we'll stand as the preferred destination for LST holders.

For early community and user engagement, we've designed engaging campaigns for those genuinely interested in the project, rewarding active contributions to iLoop appropriately.

To deliver real value and build user trust, we'll continuously update and upgrade our product, promptly listening and responding to all feedback and suggestions from the community.

In the future, LSDs on Solana will continue to grow stronger, offering more opportunities for users, where iLoop will be well-positioned to add further value to this field.

About iLoop

iLoop is a next-generation Lending & Borrowing platform focused on the Liquid Staking market within the Solana ecosystem, offering solutions to optimize LST stakers' holdings directly on a single platform.

Join us on this exciting journey with iLoop. We're committed to constantly improving and developing our services to deliver the best experiences for the community in the Liquid Staking field on Solana.