Solstice Brings Strategy STRC Income Exposure to Solana

Solstice Finance has rolled out strcUSX, a Solana-based product that gives DeFi users exposure to dividend income and price risk linked to Strategy’s STRC preferred stock. The product is structured through a vault using Solstice’s USX settlement token and does not tokenize STRC shares or give users ownership of the stock.

The launch matters because it brings a traditional-market income instrument into Solana DeFi in a structured format. According to Solstice, it is the first STRC-linked instrument on Solana, giving users a way to access the economics of Strategy’s preferred stock through on-chain tokens rather than a direct equity position.

The vault splits exposure into two tranches. The senior token, SR-strcUSX, is designed to receive income first and targets a 7% annual yield. The junior token, JR-strcUSX, receives residual income after senior holders are paid and targets more than 20% APY, while taking losses first if the value of the STRC position declines.

STRC, also known as Stretch, is Strategy’s variable-rate perpetual preferred stock. It currently pays a 12% annual cash dividend twice a month, though the rate is set by Strategy’s board and dividends remain subject to declaration.

Users deposit USX into the vault and can redeem after a seven-day unlock period, or exit immediately by paying a fee. Yield is reflected through changes in the tokens’ exchange rate rather than through separate distributions.