Solstice

Solstice (SLX) is the access, utility and governance token of the Solstice Finance ecosystem, a DeFi protocol built on Solana. SLX gates protocol privileges, coordinates economic resources as the protocol grows and carries governance weight when staked.

Solstice Finance is centred on dollar-based yield products on Solana. Its ecosystem includes USX, an overcollateralised settlement asset, eUSX, a yield-bearing product linked to Solstice’s yield strategies and SLX, the token used to coordinate access, staking and governance. USX is the foundation asset used across Solstice’s yield strategies, integrations and transactions.

SLX has a fixed total supply of 1 billion tokens. Solstice is incubated by Deus X Capital and has no early venture capital token allocations.

SLX is used for access, staking and governance within the Solstice ecosystem. Access is its main function, with governance forming one part of a wider utility model.

Staked SLX carries governance weight, meaning users who stake SLX can take part in protocol decision-making. Solstice also has stSLX, a staking receipt token. SLX rewards are streamed into the stSLX vault, increasing the stSLX-to-SLX exchange rate over time. Users who unstake enter a seven-day cooldown before withdrawing SLX.

SLX is also linked to Solstice’s user reward system, called Flares. Flares are non-transferable points that track user contribution to the protocol and convert proportionally into SLX allocations at token generation. The Flares programme allocates part of SLX supply to participants, with distribution linked to protocol activity and TVL growth.

At token generation, SLX became live on Solana, Flares converted into claimable SLX, exchange trading opened and staking became active.

Solstice was created by Ben Nadareski, CEO and Founder of Solstice, and Tim Grant, Chairman and Co-Founder of Solstice Labs. Solstice Labs operates as part of the Deus X Enterprise group.

Ben Nadareski has experience across crypto trading, digital asset investment and traditional finance, including previous roles at Galaxy Digital, SIX Digital Exchange, R3, DrumG and Société Générale. Tim Grant is the CEO of Deus X Capital and has held senior roles across digital assets and financial markets, including at Galaxy Digital.