Solana gets its first Strategy STRC product through Solstice Finance
The Solana vault splits income from Strategy’s preferred stock into a lower-risk senior token and a higher-risk junior token.
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Summary
- Solstice Finance has rolled out strcUSX on Solana, a structured product that offers DeFi users exposure to the dividend income and price risk of Strategy’s STRC preferred stock without tokenizing the shares.
- The product splits exposure into a senior token targeting a 7% annual yield and a junior token targeting more than 20% APY, with junior holders absorbing losses first if STRC’s price falls.
- Users deposit Solstice’s USX token into a vault, can redeem after a seven-day unlock or exit immediately for a fee, and receive yield via changes in the tokens’ exchange rate rather than separate distributions.
