Glow Finance Launches on Solana with 650m TVL Ethereum Toolkit

Glow Finance, a rebranded and re-engineered protocol, has officially launched on the Solana mainnet. The protocol, developed by Blueprint Finance, the team behind the Ethereum-based Concrete protocol, aims to provide a full-stack liquidity engine for active Solana users. Glow Finance introduces a composable, margin-first architecture designed for Solana’s high-speed trading environment. This architecture enables non-custodial margin accounts with integrated adapters, allowing users to borrow, lend, and trade 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, which are 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, letting users deploy leveraged strategies without jumping between platforms. 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. The team sees $glowSOL as the optimal entry into the Glow Finance ecosystem, allowing users to earn some of the highest staking yields and drive utility through borrowing, lending, and trading.

Behind Glow Finance 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 the protocol is already preparing to expand into a new wave of chains, which are described as “building around DeFi-centric design that is uniquely powered by the SVM.”