A lot of people are still asking how to get started on @solsticefi, so I’m updating my guide here.
Bookmark this post so you don’t miss it.
Some key things to know about Solstice:
- 5th largest stablecoin on Solana
- $USX TVL at $313M
- Flares = $SLX airdrop at TGE
- almost 22B Flares distributed
- Higher TVL → bigger $SLX allocation and more Flares distribution
Step by step guide:
> Go to app(.)solstice(.)finance
> Connect your Sol wallet
> Click “Get Started” on the side panel
> Deposit USDC to mint eUSX (locked USX)
> Grab $200 worth of USX to activate both multipliers
> Go to “Earn Flares” (bottom left) → scroll down to Global Multiplier
> Enter referral code “QLKgcp9ExZ” to get free 1k flares
> Complete the Contribution Quests to earn more Flares
> Go to “Deep DeFi” if you wanna farm more 👇
If you want juicy yields + some flares
> go to Kamino
> supply USX to earn ~18% APY and 5x flares
If you want to max farm flares
> go to Exponent
> supply YT-USX to earn 30x flares
(high risk, your position will go negative, but you can still exit after TGE)
I’m all-in on YT-USX right now. My goal is to max farm Flares rather than chase yields. I’m convinced the Flares will be worth more at TGE than the yield itself.
How about you?
+1.66M @solsticefi Flares in just two days.
My current 7.31M Flares represents about 0.037% of total Flares supply.
So is it worth buying YT-USX & YT-eUSX on Exponent just to farm Flares?
Let’s break it down 👇
My initial positions (total invested: $2,000)
- YT-USX: $1,000 → now $841 (-$159)
- YT-eUSX: $1,000 → now $492 (-$508)
Value of 8% SLX supply at a $100M FDV:
- 8% = $8,000,000
- $8M / 19,602,549,335 Flares = $0.0004081 per Flare
- 7.31M Flares × 0.0004081 = $2,983.21
So even if my entire $2k YT position went to zero, my current Flares value already exceeds my initial cost.
And realistically:
- YT-USX or YT-eUSX hitting zero before TGE is extremely unlikely, meaning I can still exit after TGE.
- $100M FDV for SLX is very bearish. Even if SLX launches at just 1/10 of Ethena’s current FDV, that would already be a 4x, putting my allocation at ~$12k. (If it happens, I will use the profit to add LP on @IOPn_io)
Right now I’m earning 830,364 Flares/day, and my growth rate is ~1% higher than the total Flares growth,
which means:
my share of total Flares is increasing every day.
Looks worth it to me.
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