Read this before you sign.
Plain words, no small print. Last updated 5 October 2026. This page is part of the terms of use.
What loom does
loom builds one Solana transaction for you. It locks your SOL in a lending vault that your wallet owns, borrows USDC against it, and sends that USDC to the fomo address you chose. Paying back is the reverse. loom never holds your SOL, your USDC or your keys. Every action needs your signature in your own wallet.
Your SOL can be sold without asking you
The vault watches the value of your SOL against what you owe. If SOL falls far enough, the vault sells some or all of your SOL to cover the debt, and charges a penalty. loom shows you the exact SOL price at which this happens ("safe until SOL hits $X") on every screen. loom caps borrowing at 50% of your SOL's value to leave room, but a sharp drop can still reach the line. Watch the price. Pay back or add SOL before it gets there.
Interest accrues every second
The borrow rate is variable and set by the lending market, not by loom. It is shown before you sign and can rise sharply when the market is busy. What you owe grows until you pay it back. There is no fixed term and no due date.
Fees
loom charges 0.5% of the cash you top up, once, inside the same transaction, to loom's fee wallet. Paying back is free. The lending vault keeps a share of the interest. fomo charges its own trading fees. Network fees are fractions of a cent.
fomo cash lands at an address you give us
loom sends the USDC to the Solana address linked to the fomo handle you typed, or the address you pasted. loom sends a one-cent test first where it can, and shows you the profile it found. If you confirm the wrong account, the cash goes to the wrong account and loom cannot get it back. Check the handle.
Launch limits
While loom is new, you can top up at most $2,000 per transaction and owe at most $5,000 per wallet in total. These will change.
Things loom does not do
loom does not lend you money (the vault does). loom does not custody anything. loom does not give financial advice. loom does not guarantee that fomo credits a deposit, that a lending vault stays solvent, that a price feed is correct, or that Solana stays up. Smart contracts can have bugs. Only borrow what you can afford to lose.
Who this is for
People who already trade crypto and understand that borrowing against a volatile asset can lose that asset. If that is not you, close this tab. Nothing here is an offer or a promotion to the public; loom is an interface to open protocols.
Your data
loom keeps your fomo link and your activity in your own browser. Loans are read from the blockchain. loom's servers see your wallet address and the handle you look up, and nothing else.
Questions: hello@loom.fund.