Why Formation Is Betting On Onchain Credit | Luke Truitt
Why would a DEX and a lender merge into one company?
This week, we're joined by Formation CEO Luke Truitt to unpack the Orca and Loopscale merger and why he now calls Orca a market structure company.
We explore why liquidity caps onchain credit, neo-clouds borrowing onchain, xORCA's fee cut, and the rise of prop AMMs on Solana. Enjoy!
TIMESTAMPS:
00:00 Luke Truitt, CEO of Formation
02:28 Why a DEX and a Lender Merged
05:30 ONYC vs ACred: Liquidity Caps Credit
10:55 Neo-Clouds Borrowing at 14–20% Onchain
13:57 DAS London
14:35 Neo-Clouds Borrowing at 14–20% Onchain (cont.)
17:47 Clarity Act…
The skinny
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