Solana’s top DEX Orca merges with Loopscale, pitches itself as a lender to AI and defense

Orca, Solana’s top decentralized exchange, has merged with lending protocol Loopscale to form a company called Formation. The New York company is pitching itself as credit plumbing for AI, energy, robotics and defense. The two teams announced the deal on October 7. Loopscale laid out the terms in a merger FAQ on its documentation site....