When a stablecoin protocol doubles TVL on Solana in weeks, without VCs you pay attention. What’s wild about @solsticefi isn’t the flare points it’s how much capital is flooding into the yield engine. TVL went $160M → $300M in weeks, one of the most institutional-sized flow. $USX stays fully backed by USDC/USDT and the Yield vault underneath it keeps printing 16–21% APY with zero negative months, all from delta neutral hedging. Here’s my quick valuation read: Unlike most stablecoin protocols, Solstice didn’t raise VC rounds or preload a token. It’s backed directly by Deus X Capital with over $100M+ liquidity bootstrapped from day one. - Solstice is different it’s native to Solana an actually institutionally backed, and its funding-rate engine held even during market pukes (still ~8% APY on red days). So what’s $SLX worth? Most stablecoin protocols trade at 1–3x TVL early on. Right now that implies: $300M TVL → $300M–$600M FDV If airdrop hype sends it to $1B TVL → $1B+ FDV (Solana staple territory) I’m farming and pricing $SLX somewhere in the mid-hundreds of millions FDV if the market stays even half alive. Still early. 🫡🔥