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Orca and Loopscale said they have merged to create Formation, combining trading, credit and vault infrastructure. The new team plans to expand tools for issuers and capital allocators across AI and other frontier industries.
Solana-based decentralized exchange Orca and lending platform Loopscale merged under the new name Formation, led by Loopscale co-founder Luke Truitt as CEO, according to an announcement shared with The Block.