logo

SLX will make landfall on Legion on the day of the winter solstice, December 22nd.

By: blockbeats|2025/12/16 10:30:05
Share
copy
Source: SLX

SLX will make landfall on Legion on the day of the winter solstice, December 22nd.


In the traditional financial system, government bonds and the money market form the core pillars of capital circulation. For Solana's "Internet Capital Market" to achieve scalable development, it also needs a stable and scalable infrastructure. Solstice was born in this context, positioned as the benchmark yield and stablecoin infrastructure layer in the Solana ecosystem.

USX is currently the largest native stablecoin in the Solana ecosystem, with a TVL of over $325 million, and was officially launched on September 30. It is becoming a key underlying asset supporting "internet-speed finance."

USX can be locked in the YieldVault to participate in Solstice's delta-neutral strategy. This strategy has been running privately for almost three years before its public launch. Despite a market-wide pullback of around 30% in October, the strategy has maintained a positive performance. Since the product launch, Solstice has distributed approximately $1.2 million in earnings to YieldVault users.

Solstice provides a critical financial module for the Solana ecosystem (with a total size exceeding $8.5 billion). For advanced users, it allows for more efficient and cost-effective use of mature strategy tools validated in the Ethereum ecosystem on Solana. For example, users can use USX as collateral to build DeFi positions or split eUSX (YieldVault position certificate) into PT/YT tokens for fine-tuned management. Solstice products are highly composable, with over $60 million TVL currently deployed in various ecosystem integrations.

SLX is the ecosystem token for Solstice and will officially launch on the Legion platform on December 22 (Monday).

This day coincides with the winter solstice—a moment symbolizing the retreat of darkness and the return of light.

About Solstice

Solstice is an institutional-grade financial infrastructure open to retail users.

· TVL surpasses $325 million

· Over $1 billion in assets staked across 7,000+ validator nodes

· Operational for four years, having weathered multiple market cycles

· Currently ranked 12th in TVL within the Solana ecosystem

Solstice, hatched by Deus X Capital, has not accepted traditional venture capital. The project has no VC allocations, discounted seed rounds, or early investor unlock schedules. This marks SLX's inaugural public sale, with all participants subject to the same terms.

Regarding transparency, Solstice employs a multi-verification approach: assets are backed by accountable independent zk proofs from Accountable; Ceffu and Copper provide monthly asset proofs; the smart contract underwent a security audit by Halborn.

Original Article Link

This article is contributed content and does not represent the views of BlockBeats.

Popular coins

Latest Crypto News

00:16

Aave Founder Buys 32,660 AAVE at an Average Price of $157.78

BlockBeats News, December 23rd, according to Onchain Lens monitoring, Aave founder Stani Kulechov spent 1699 ETH ( $5.15 million ) to buy 32,660 AAVE at an average price of $157.78.He currently holds 84,033 AAVE, worth $12.6 million, with an unrealized loss of $2.29 million.
00:16

TD Cowen Investment Bank: Strategy Cash Reserve Increased to $21.9 Billion to Enhance Resilience During 'Extended Crypto Winter'

BlockBeats News, December 23rd, According to The Block, Bitcoin Treasury Company Strategy stated on Monday that the company raised approximately $7.48 billion through the sale of common stock, increasing its US dollar cash reserves to $21.9 billion. TD Securities, a subsidiary of investment bank TD ...
00:16

Erebor, the Cryptocurrency Bank, Completes $350 Million Funding Round with Lux Capital as Lead Investor

BlockBeats News, December 23rd, according to Axios report, banking startup Erebor has completed a new $350 million funding round led by Lux Capital after receiving approval from the Federal Deposit Insurance Corporation (FDIC) in the United States. Sources familiar with the matter revealed that Ereb...
00:16

A Whale Once Again Increases Short Positions in BTC, ETH, and SOL, Bringing Total Position Value to $243 Million

BlockBeats News, December 23rd, according to Onchain Lens monitoring, the whale who previously sold 255 BTC once again increased their short positions by 10x for BTC, 15x for ETH, and 20x for SOL, with a total position value of $243 million.· 1,899 BTC ($168 million)· 18,527.5298 ETH ($56 million)· ...
23:46

Trader Bets Big on 10-Year Treasury Yield to Reach 4% Again in a Matter of Weeks

BlockBeats News, December 23, Traders are heavily buying Treasury bond options, betting that the U.S. 10-year Treasury yield will rise to 4% in the coming weeks— a level not seen since late November last year. This bullish bet comes as Treasury yields have actually edged up recently, with the 10-yea...
Read more
Community
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]