Loopscale Reveals Details of Merger with Orca: No New Token Issuance, ORCA to Be the Sole Token of the New Brand, Rewards Points Will Continue to Accumulate

Loopscale Reveals Details of Merger with Orca: No New Token Issuance, ORCA to Be the Sole Token of the New Brand, Rewards Points Will Continue to Accumulate

2026-10-08 15:01

ChainThink news, October 8: According to official documentation, the lending protocol Loopscale has disclosed merger details with Solana ecosystem DEX Orca.

Post-merger, Loopscale and Orca will continue operating as products under Formation; the Loopscale transition is expected to occur later this year, with specific details to be announced shortly.

Loopscale will not issue a token; ORCA is the sole token within the Formation ecosystem, and rewards will continue accruing until the redemption period begins.

Previously, Orca and Loopscale announced their merger, forming a new entity named Formation, with Luke Truitt, co-founder of Loopscale, appointed as CEO, and Christopher Montagano of Orca serving as Chief Strategy and Legal Officer.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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