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Project Overview
USX is a fully collateralized neodollar built by Scroll that combines TradFi and DeFi to deliver stable rewards. Unlike other stablecoins, USX will be private, gasless, and spendable in real life, possible only through Cloak (Scroll's privacy layer), chain-level customizations, and payment partners.
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Solstice Finance Launches strcUSX on Solana, Splitting STRC Yield from Price Risk, with JR Token Targeting APY Above 20%
Odaily News: Solstice Finance has launched strcUSX on Solana, splitting the dividend income and price risk of STRC, a Series A perpetual preferred stock of Nasdaq-listed company Strategy, into senior and junior classes of tokens. STRC's annual dividend yield stands at 12%. The senior tranche, SR-strcUSX, targets an annualized yield of approximately 7% and is prioritized for dividend income and principal repayment. The junior tranche, JR-strcUSX, absorbs the first losses from changes in market value and captures the remaining yield after payments to the senior tranche, targeting an annualized yield of over 20%. Users who deposit USX into the strcUSX treasury receive tokens corresponding to their chosen risk level. Both token classes are native Solana assets and can be traded, used as collateral, or integrated into DeFi applications. Solstice Finance will also connect USX to Zebec Network's payroll infrastructure, which processes over $500 million in annual payroll and serves more than 50,000 monthly active users. (Bitcoin.com News)
Solstice Finance Launches First Strategy STRC Structured Product on Solana, Subordinated Token Targeting Over 20% Annualized Yield
Odaily News DeFi platform Solstice Finance has launched strcUSX on Solana, a structured product that allows DeFi users to gain exposure to the dividend yield and price risk of Strategy's STRC preferred token without the need to tokenize it. strcUSX splits exposure into senior and subordinated tokens, with the former targeting a 7% annualized yield and the latter targeting over 20% annualized yield. In the event of a decline in STRC's price, subordinated token holders will bear losses first. Users deposit Solstice's USX tokens into the vault and can redeem them after a 7-day unlocking period; immediate exits incur a fee. Returns are realized through changes in the token exchange rate rather than distributed as separate payouts. (CoinDesk)