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

By: blockbeats|2025/12/16 10:30:11
0
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.

You may also like

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Can Open USD support Stripe's ambitions?

Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."

Blockchain Capital Partner: AI is rewriting the fundamental unit of labor

The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com