Solstice Finance<\/a> has officially launched its USX stablecoin and YieldVault.<\/p>\nUSX is fully backed 1:1 by stable collateral, with real-time proof of reserves via the decentralized Chainlink oracle network. The YieldVault program allows USX holders to access delta-neutral, institutional-grade returns by locking their tokens in the protocol. Participants then receive eUSX, which represents their share of the fund\u2019s underlying assets.<\/p>\n
The launch underscores a growing trend of projects building on Solana for on-chain yield, composability, and fast, low-cost transactions. It also reflects the ongoing competition in the stablecoin space. <\/p>\n
\u201cLegacy stablecoins maintain majority market share, yet not a single leading stablecoin was born natively on Solana, and no dominant yield-native stablecoins currently exist in the ecosystem,\u201d said Ben Nadareski, CEO and co-founder of Solstice. \u201cWe see stables often being bridged to other chains for best-in-class yield \u2013 that\u2019s stable TVL leaving our ecosystem to try and earn elsewhere.\u201d <\/p>\n
Nadareski added that Solstice built USX to address this market gap by providing a stablecoin that \u201cmaintains all of the frictionless transaction benefits while giving access to institutional-grade yields that are native to the protocol.\u201d <\/p>\n
The stablecoin sector currently boasts a market capitalization of nearly $297 billion, up by $90 billion from the start of the year. Tether\u2019s USDT currently maintains a 59% market share with a market capitalization of $174 billion. <\/p>\n
Solstice also revealed that it plans to release SLX, a native utility token, distributed through a community-focused model. The protocol’s launch is supported by liquidity and capital from investors including Galaxy Digital, MEV Capital, Bitcoin Suisse, Susquehanna Crypto, Auros, and Deus X Capital.<\/p>\n
\u201cSolstice Labs is now working with over 30 partners in the ecosystem for integration with a sole focus on the Solana ecosystem,\u201d Nadareski continued. \u201cWith the incredible support of the Solana Foundation, we\u2019re excited to finally have USX live and in the market, bringing the best-in-class yield to everyone.\u201d <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The new Solana-based stablecoin offers permissionless access to delta-neutral yield strategies. Solana-based decentralized finance (DeFi) protocol Solstice Finance has officially launched its USX stablecoin and YieldVault. USX is fully backed 1:1 by stable collateral, with real-time proof of reserves via the decentralized Chainlink oracle network. The YieldVault program allows USX holders to access delta-neutral, institutional-grade […]<\/p>\n","protected":false},"author":2,"featured_media":406648,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-406647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=406647"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406647\/revisions"}],"predecessor-version":[{"id":406649,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406647\/revisions\/406649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/406648"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=406647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=406647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=406647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}