Spout Secures $2M to Revolutionize Stock-Backed Lending on Solana
Spout raises funds to offer 0% interest loans using stock collateral and Solana-based covered calls.
Spout raises funds to offer 0% interest loans using stock collateral and Solana-based covered calls. Solana (SOL) is trading at $106.16, up 1.0% since this brief published. This is an original TLT brief based on reporting by Crypto Economy, with live market data added, as of Fri, 16 Oct 2026 05:15:01 UTC.
This development aims to disrupt traditional margin lending by providing interest-free loans, potentially lowering costs for investors and increasing market accessibility. The use of Solana and covered calls introduces a novel DeFi approach to stock-backed lending.
- Spout raises $2M from Draper Dragon, Anchorage Digital, and Solana Labs.
- Project offers 0% interest loans using stock collateral and Solana-based covered calls.
- Solana price at $105.09, up 2.21% in 24 hours amid broader market gains.
Spout, a startup focused on transforming stock-backed lending, has raised $2 million in a funding round. Notable investors include Draper Dragon, Anchorage Digital, Flow Traders, and 
Solana Labs.
The project aims to leverage Solana's blockchain to offer 0% interest loans backed by stock collateral. This approach uses covered calls to generate yield, allowing investors to access funds without paying traditional margin rates.
The involvement of Solana Labs highlights the growing intersection between traditional finance and decentralized technologies. By utilizing Solana's high-speed and low-cost infrastructure, Spout aims to provide a more efficient alternative to conventional lending platforms.
The broader market context shows a positive trend, with the total crypto market cap at $2.82 trillion and 
Bitcoin up 1.30% in the last 24 hours. Solana's price has also increased by 2.21% to $105.09, despite a 4.57% drop over the past week.
This development could lower barriers to entry for investors seeking leverage, potentially increasing market participation. The use of covered calls and blockchain technology also introduces new dynamics to the lending space, which will be important to watch for regulatory and operational challenges.
Since this brief published about 2 hours ago, Solana (SOL) has moved from $105.09 to $106.16 — +1.02%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₦144,696.08 (about $106.16), up 3.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Spout Secures $2M to Revolutionize Stock-Backed Lending on S — questions & answers
How does Spout plan to offer 0% interest loans?
Spout uses stock collateral and covered calls to generate yield, enabling 0% interest loans.
What role does Solana play in Spout's platform?
Solana's blockchain provides the infrastructure for Spout's 0% interest loan platform, offering speed and cost efficiency.
Who are the key investors in Spout's funding round?
Draper Dragon, Anchorage Digital, Flow Traders, and Solana Labs are the key investors.
How much is 1 Solana worth in naira today?
About ₦144,696.08 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $106.16. The naira price moves with both SOL's US-dollar price and the USDT/NGN rate; use our Solana in naira page for any amount.
Has Solana's price moved since this brief was published?
SOL is up 1.02% since this brief first published — trading at $106.16 now versus $105.09 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.