Catenaa, Thursday, May 08, 2025-Solstice Labs, a decentralized finance protocol backed by Deus X Capital, will roll out a yield-bearing synthetic stablecoin called USX and a native staking protocol on the Solana blockchain this summer, the firm announced Monday.
USX aims to offer delta-neutral returns using arbitrage and staking strategies while maintaining full collateralization in USDT and USDC.
Solstice Labs said the stablecoin is designed to generate real-time yields while preserving its peg stability.
The coin will also serve as the gateway to Solstice’s YieldVault, an affiliated onchain protocol that has secured $100 million in committed total value locked (TVL), supported by Deus X Capital.
More than 5% of the $238 billion stablecoin market is currently hosted on Solana, according to DefiLlama. Despite that, the network lacks a flagship stablecoin optimized for passive income—a gap Solstice intends to fill.
Solstice Labs, introduced by Deus X Capital in 2024 after Solana’s Breakpoint conference, has since expanded its DeFi suite to include institutional-grade products.
The firm also operates Solstice Staking AG, which manages over $1 billion in staked assets following its acquisition of Swiss-based Bridgetower Capital GmbH last December.
The new USX and YieldVault offerings will be available to both retail and institutional users.
