BackPack Wallet: BP token debuts on Orca's DEX, opens new crypto trading possibilities with DeFi multi-chain access. The BackPack Wallet, a self-custodial crypto wallet, today announced a strategic partnership with Orca, a user-friendly DEX platform built on Solana. With this collaboration, the BackPack Wallet leverages Orca's DEX (decentralized exchange) infrastructure to provide a powerful combination of flexible, decentralized trading with cross-chain interoperability to advance user accessibility of its native crypto asset (BP). BackPack is a recognized multi-chain wallet and cryptocurrency exchange that offers a self-custody solution. The innovative platform combines a wallet, centralized exchange, and application ecosystem within a unified, secure, user-friendly environment for seamless trading, managing, and holding various crypto assets. Today, BackPack made a significant development in its crypto ecosystem by officially launching its native cryptocurrency (BP), marking a crucial achievement as it targets global adoption. According to the announcement shared today on the X social media, BackPack positions the BP token as an accelerator to user on-chain economic participation, aiming to unlock new global utilities on its crypto ecosystem. NEW Pool: BP is live on Orca | @Backpack's native token for their all-in-one crypto app, is now on Solana.Allocate capital and deepen liquidity for more efficient swaps from day one. pic.twitter.com/JJSxMK4aBJ BackPack Wallet Integrates Orca To Drive Liquidity In the landscape of crypto finance, convenience and innovation are essential components sought by investors and traders. Today, the BackPack Wallet listed its native cryptocurrency (BP) on Orca's DEX, introducing trading pairs that bring more opportunities and advantages for crypto investors. With the move, Backpack launched several strategic partnerships with various crypto platforms to improve the customer experience. BP, the native token of Backpack, not only possesses trading value but also serves several financial functions within the BackPack ecosystem. Today, BP launches on Orca's DEX, marking an important milestone and offering traders more opportunities. Orca is a DEX platform and automated market maker that runs on top of the Solana blockchain, designed to make DeFi accessible through seamless swaps and liquidity provision. The platform is known for efficient trades and low fees. The debut of the BP token on the DEX further advances the new cryptocurrency's market accessibility, offering people worldwide a more efficient approach to purchasing and trading BP tokens. This integration will substantially improve BP's market position, enabling more people to participate in the BackPack ecosystem. Building Cross-Chain Utility In DeFi The partnership between BackPack and Orca paves the way for new decentralized applications on their cross-chain networks by combining customer-friendly DeFi functionalities with secure digital asset management features. The BP token's launch and its listing on multiple crypto networks today catapults Backpack's ecosystem deeper into its vision to become crypto's liquidity hub. Today, the BP token was integrated on multiple crypto platforms, including Solana, PancakeSwap, Birdeye, and Orca. No one has commented yet

How Loopscale collateralizes CLMM liquidity positions. Devin Black March 2, 2026 Concentrated liquidity positions are a significant asset class on Solana, operating within defined price ranges earning yield from trading fees. But before Loopscale, they couldn't be used as collateral anywhere. On Loopscale, LP tokens from Orca and Raydium can be posted as collateral for borrowing, something only possible because Loopscale's order book architecture prices each position on its own terms rather than running it through a pooled lending model. Why pool-based lending can't price LP collateral. Pool-based lending protocols set a single borrow rate based on utilization. That rate applies regardless of what collateral is backing the loan. A borrow against USDT gets the same rate as a borrow against a concentrated liquidity position, which makes no sense from a risk-pricing perspective. LP positions are structurally different from standard tokens. A concentrated liquidity position has a price range, a fee tier, and exposure to two underlying assets. Pricing this kind of collateral requires evaluating each position individually - its composition, its range, its underlying assets. Pool-based models aren't built for that. They're built for single tokens with a single oracle price. How Loopscale's order book handles it. Loopscale's order book architecture matches lenders and borrowers directly, with each loan priced per collateral. A lender decides what collateral they'll accept, at what LTV, at what rate, for what duration. If a lender is comfortable with a USDT-USDC Whirlpool position as collateral - a stablecoin pair with tight range and predictable behavior - they can offer terms that reflect that specific risk profile. A different lender might price a volatile LP pair differently. In practice, most LP lending happens through Vaults. Orca launched dedicated Vaults on Loopscale - one for USDC and one for USDG - that fund borrowing against Orca LP positions. The underlying mechanism is the same whether the lender is a Vault or an individual: per-collateral pricing, isolated risk, and fixed rates. How to borrow against LP positions. To borrow against a concentrated liquidity position, go to app.loopscale.com/borrow and select the asset you want to borrow. Available collateral types are typically scoped to the borrow asset - a USDC borrow will show USDC-paired LP positions as eligible collateral, a SOL borrow will show SOL-paired positions, and so on. Select your LP position, set your desired LTV, and confirm the transaction. For users looking to utilize the full power of Loopscale: these positions can be manually looped to gain leverage on a CLMM LP. Concentrated liquidity positions are some of the most powerful on-chain primitives in DeFi. Supporting them as collateral requires a lending model that can evaluate each position individually - that's Loopscale's order book-based markets.