Solana gets its first Strategy STRC product through Solstice Finance

FinanceSolana 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.By Olivier Acuna|Edited by Jamie Crawley41 min ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSolstice 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.Solstice Finance rolled out a Solana-based product that gives decentralized finance (DeFi) users structured exposure to the dividend income and price risk of Strategy’s (MSTR) preferred stock (STRC).The Zug, Switzerland-based firm, a DeFi yield infrastructure protocol built on Solana, said its new product splits the indirect STRC exposure into a senior and junior tranche, the firm said in a press release shared via Telegram.Strategy disclosed it sold 1,690 bitcoin for $108.6 million on Monday, using the proceeds to repurchase 1,152,020 shares of its variable-rate preferred stock, STRC, for $108.6 million. The bitcoin sale reduced Strategy’s holdings to 840,447 BTC.The product, called strcUSX, does not tokenize or give users ownership of STRC shares. Instead, users deposit USX, Solstice’s dollar-linked settlement token, into a vault and receive one of two Solana tokens tied to the economics of a portfolio holding the Nasdaq-listed preferred stock. The senior token, SR-strcUSX, is designed to receive…

Solana gets its first Strategy STRC product through Solstice Finance

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