September has passed, and it is considered the most active month for iLoop since its inception. We participated in events like Token2049 and Solana Breakpoint, as well as numerous side events to form partnerships with Liquid Staking platforms and to announce the launch of our testnet.

Highlight

Testnet Launch

On September 13, 2024, the iLoop testnet officially launched, initially supporting 6 LST assets: jitoSOL, mSOL, jupSOL, bSOL, INF, and rkSOL. This marks an important milestone after a long period of research and development.

Just one week later, we contacted partners to support their assets, adding hubSOL, picoSOL, vSOL, strongSOL, and picoSOL to our platform. This aims to diversify the asset portfolio and provide users with a better experience. This number will not stop here and will continue to be reviewed for expansion, as we always listen to feedback from the community.

After two weeks of running the testnet, iLoop achieved a milestone of $9.9M TVL with over 2,000 users. As of the time of writing, this number has surpassed $10M. Given this start, we consider this figure extremely impressive. The enthusiastic support from the community drives our passion to make iLoop a valuable product for Solana.

Solana Breakpoint 2024, Token2049 & Korean Blockchain Week

For Breakpoint 2024, iLoop will not participate in a live presentation, targeting this for next year. The purpose of this trip is to connect with Liquid Staking projects and learn from other initiatives. We aim to foster discussions and exchanges of information among the parties involved. Ultimately, iLoop has secured partnerships that will be announced after the mainnet launch. With these collaborations, iLoop hopes to expand its ecosystem and create new value for its users.

Upon returning and until now, we have immediately begun developing specific partnership plans. These connections are crucial for the next steps in iLoop's development and will benefit the user community.

Bitget x Solana x Superteam Vietnam Hackathon

At the Bitget & Solana Hackathon, co-hosted with Superteam Vietnam, competing against projects with groundbreaking ideas was not easy. However, our team made every effort and excelled by securing second place. We are very proud of what we have achieved, from developing the idea to refining the product.

We believe this success is just the beginning of greater advancements in the future. The iLoop team will continue to develop and improve our product to deliver tangible value to the community.

What’s Next?

In October, we will begin designing community programs following the mainnet launch. Additionally, we are reaching out to auditing firms to prevent any potential issues and ensure the best possible experience for our users.

About iLoop

iLoop is a next-generation lending and borrowing platform focused on the Liquid Staking market within the Solana ecosystem, providing solutions to optimize the holdings of LST stakers directly on a single platform.

Join us on this exciting journey with iLoop. iLoop is committed to continuously improving and developing our services to deliver the best experiences for the community in the Liquid Staking fields on Solana.