Solana integrates first Strategy STRC product via Solstice Finance

Strategy Inc.’s preferred stock just got the DeFi treatment. Solstice Finance has launched strcUSX, a tokenized product that gives Solana users on-chain exposure to STRC, the Nasdaq-listed perpetual preferred stock issued by the company formerly known as MicroStrategy. It’s the first time this particular flavor of institutional yield has landed on Solana. The product works through Solstice’s YieldVault system, where users deposit USX, the protocol’s settlement asset, to mint strcUSX. That token then represents structured credit yields tied to STRC’s dividend payments, which currently sit at roughly 12% annualized and get distributed semi-monthly. How the yield machine works STRC is not your average preferred stock. It’s a high-yield equity instrument backed by a company that has made buying Bitcoin its entire corporate identity. Strategy uses proceeds from STRC sales to bulk up its Bitcoin holdings, which means the dividends flowing to strcUSX holders are ultimately underpinned by a corporate balance sheet stuffed with BTC. Solstice doesn’t just offer a flat yield product, though. The protocol has built tranched options into the system, letting users choose their own adventure on t...