Mars Finance News, on April 29, according to Block, Solstice Labs announced that it will launch interest-bearing synthetic stablecoin USX and native staking protocol on the Solana chain this summer. USX achieves delta-neutral returns through arbitrage and staking strategies, fully collateralized by USDT and USDC to maintain anchoring, and holders can access the YieldVault protocol. Currently, stablecoins on the Solana chain account for more than 5% of the total $238 billion network volume. Solstice Labs CEO stated that USX will provide institutional-exclusive returns in traditional DeFi to retail investors in a transparent manner.
Solstice Labs to Launch Interest-Bearing Synthetic Stablecoin USX and Native Staking Protocol on Solana This Summer
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