This is a segment from the Lightspeed newsletter. To read full editions, subscribe . Solana DeFi has matured rapidly in recent years. But even as core behaviors like high-speed trading, airdrop farming and multi-leg strategies gain traction, many users still face infrastructure built for slower, passive chains. And while recent attention has turned toward liquid restaking, most new LRTs are functionally yield wrappers with limited composability. That leaves users in a situation where they must either sacrifice liquidity for returns or forgo yield entirely to participate in DeFi strategies. Blueprint Finance, the team behind the Ethereum-based Concrete protocol, saw an opportunity. After quietly acquiring Jet Protocol’s Solana-native lending platform last October, they’ve spent months rebuilding it from the ground up — not just as a lending platform, but as a full-stack liquidity engine for active Solana users. The result is Glow Finance: a rebranded and re-engineered protocol that officially launches today on Solana mainnet. It’s introducing a composable, margin-first architecture explicitly built for Solana’s high-speed trading environment. According to the team, Glow Finance enables non-custodial margin accounts with integrated adapters that allow users to borrow, lend and trade — all within a single wallet-controlled interface. These margin accounts are programmable and modular, offering sub-account functionality similar to what power users expect from centralized exchanges. Glow Finance introduces several key primitives that form the backbone of its trading-first architecture. At the core are Margin Accounts, or fully onchain, multi-strategy accounts that allow users to deposit assets, earn passive yield, and simultaneously use those assets as collateral. To enable composability across the Solana ecosystem, Glow integrates Adapters. These protocol-level connectors plug into Solana-native DEXs like Jupiter, letting users deploy leveraged strategies without jumping between platforms. According to Glow Finance, this allows users to route trades and deploy capital within a native environment, eliminating the friction of switching platforms or manually managing positions. These primitives pair with the launch of a new asset called $glowSOL: a liquid restaking token that will earn yield through Solayer’s mega validator while acting as an entry point into the broader ecosystem. “Early $glowSOL users will have influence in governance over the Glow Finance protocol as well as first access to new features. We see $glowSOL as the optimal entry into the Glow Finance ecosystem. Earn some of the highest staking yields and drive utility through borrowing, lending and trading,” co-founder and CEO of Concrete & Glow Finance, Nicholas Roberts-Huntley, explained to Lightspeed. Behind it all is Blueprint Finance, a team of quant devs, protocol engineers and institutional investors with backgrounds spanning Coinbase, Morgan Stanley, Consensys, and Avalanche. The team’s Ethereum product, Concrete, boasts over $650m in TVL and powers automated yield strategies with institutional-grade liquidation protection. Glow Finance now extends that toolkit to Solana, though Roberts-Huntley told us that Glow won’t stop there. The protocol is already preparing to expand into a new wave of chains like Fogo and Atlas, which he describes as “building around DeFi-centric design that is uniquely powered by the SVM.” Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : Unpacking crypto and the markets. Empire : Crypto news and analysis to start your day. Forward Guidance : The intersection of crypto, macro and policy. 0xResearch : Alpha directly in your inbox. Lightspeed : All things Solana. The Drop : Apps, games, memes and more. Supply Shock : Bitcoin, bitcoin, bitcoin.
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