Solstice Finance is a decentralized finance protocol built on the Solana blockchain, offering a native stablecoin called USX alongside institutional-grade yield strategies through its YieldVault program.
Solstice aims to provide permissionless access to delta-neutral yields, filling a gap in Solana’s ecosystem for yield-bearing stablecoins. USX is a synthetic stablecoin fully backed 1:1 by stable collateral, leveraging Chainlink’s decentralized oracle network for real-time proof of reserves.
At launch, it attracted over $160 million in total value locked, making it one of the largest stablecoins on Solana. USX holders can participate in the YieldVault program, where they lock their tokens to receive eUSX, a yield-bearing token representing their share in the underlying fund.
To encourage user engagement, Solstice introduced a gamified rewards system called Flares. Users earn Flares by providing liquidity, completing quests, and creating content, and these points can be redeemed for rewards, including SLX, Solstice’s upcoming native utility token.
Not farming flames on Solana yet? Want to know to earn Flares and referral bonuses? There’s no secret formula to get an instant stash, but there are some strategies that can work well!
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