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. 🫡🔥
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