Solstice Labs, supported by Deus X Capital, announced on Monday the upcoming launch of USX, a yield-bearing synthetic stablecoin, and a native staking protocol on Solana this summer. USX aims to provide delta-neutral returns through arbitrage and staking, maintaining stability with full collateralization in USDT and USDC.
The USX platform will grant access to Solstice's YieldVault, an onchain protocol with $100 million in committed total value locked (TVL). This initiative aims to unlock DeFi opportunities for both retail and institutional users in a transparent manner.
Launched in September 2024, Solstice Labs already offers DeFi investment options, including Sostice Staking AG, which boasts over $1 billion in staked assets after acquiring Bridgetower Capital GmbH last December.