Script3 launched Blend Capital, a lending protocol primitive on Stellar's Soroban that enables customizable lending pools with algorithmic interest rates and mandatory insurance. The protocol has 5.5M TVL and is attracting integrations from wallets and real-world asset projects.
Marcus from Script3 discusses Blend Capital, a lending protocol built on Stellar's Soroban smart contract platform. Blend functions as a liquidity primitive rather than a standalone app, allowing other protocols to build credit facilities on top of it. The protocol features algorithmic interest rates via an eye controller, a backstop module for mandatory insurance, and highly customizable pool parameters. Launched five months ago with 5.5M TVL, Blend is seeing adoption from wallets like Meru in Latin America and protocols building real-world asset integrations including tokenized T-bills, a CDP protocol for synthetic currencies, and ClickPace's tokenized loan fund for Sub-Saharan African SMEs. Script3 focuses on helping wallets integrate Blend into neobank products rather than competing for crypto-native users, emphasizing Stellar's mass-market positioning and the ecosystem's supportive developer environment.
