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Solstice Finance launches STRC-linked structured product on Solana
The setup splits exposure into senior and junior tokens, with senior targeting a 7% annual yield and junior targeting more than 20% APY while absorbing losses first.
CoinDesk reports Solstice Finance has rolled out strcUSX on Solana, a structured DeFi product designed to provide exposure to the dividend income and price risk of Strategy’s variable-rate preferred stock, STRC, without tokenizing the shares.
According to the report, the product uses Solstice’s dollar-linked USX token and places it into a vault. Users receive two Solana tokens, a senior tranche that targets a 7.0% annual yield and a junior tranche that targets more than 20% APY, with junior holders absorbing losses first if the STRC-linked position declines.
The tokens reflect yield through changes in their exchange rate rather than separate dividend distributions, CoinDesk adds. Users can redeem after a seven-day unlock period or exit immediately for a fee.
CoinDesk also notes that Strategy disclosed it sold 1,690 bitcoin for $108.6 million on Monday and used the proceeds to repurchase 1,152,020 shares of its variable-rate preferred stock, STRC, leaving it with 840,447 BTC. The report says strcUSX is the first STRC-linked instrument on Solana.
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