Just got in top 1% on Solstice Flare points. What I love most in Solstice is how much money is sitting inside the yield engine? @solsticefi’s TVL curve is getting unreal as it went from $160M → $300M in weeks, one of the fastest ramps on Solana this year. $USX is still backed by USDC/USDT and the YieldVault underneath is printing institutional-grade returns ~16–21% APY (0 negative months) through delta-neutral hedging. With everyone farming Flares for that $SLX, I did a quick take on how it could get valued at launch. Unlike competitors, Solstice didn’t raise VC rounds or preload a token. It’s backed directly by Deus X Capital with $100M+ liquidity bootstrapped. Now look at comps: – Ethena (USDe/sUSDe): $3–5B TVL. FDV $4.6B. Scaled by riding funding-rate cycles + multi-chain liquidity. – UXD (Solana-native): ~$50M TVL, niche usage, almost no token value capture today. – Resolv / Unitas / Neutrl: early, all under $100M. Solstice is native to Solana, with actual institutional backing and funding-rate stability that held even during market pukes (still ~8% APY on crash days). What’s $SLX worth? Most stablecoin protocols end up trading around a TVL multiple between 1x and 3x in early stages. On the way to TGE, TVL could swing hard as farmers re-rate Solstice upward. – At $300M TVL → base case around $300M–$600M FDV – If the airdrop fomo sends it to $1B TVL → >$1B FDV turns Solstice into a Solana staple – If the protocol cools off and TVL stalls → $100M–$200M FDV is probably a clean dip to eat But in any case, you should always get in while TVL still starts with 2. I’m farming and expecting $SLX to float somewhere in the mid-hundreds of millions FDV if the market stays even half-alive.