Solana Synthetic Stablecoin Protocol Solstice TVL Surpasses $200 Million

Solana synthetic stablecoin protocol Solstice went live on the 12th with a TVL surpassing $200 million. Earlier in the month, it introduced an interest-bearing synthetic stablecoin called USX and a native staking protocol. It achieves delta-neutral returns through arbitrage and staking strategies, fully collateralized by USDT and USDC to maintain the peg. Holders can access the YieldVault protocol.

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