Solstice x Kamino Partnership - Opportunities Beyond the Baseline Yield

USX is the Solana-native settlement layer for Internet Capital Markets. YieldVault is Solana’s baseline yield. Lock USX in YieldVault and receive eUSX, get access to our delta-neutral strategy that has run for 3 years with 100% positive months.

@kamino is Solana's largest lending and borrowing protocol. The platform enables users to supply assets as collateral, borrow against their positions, and access automated liquidity strategies across defi.

This partnership is exactly what Solana’s Internet Capital Markets is building for.

Why This Partnership Works

Kamino requires quality collateral assets. Solstice needs distribution channels. Natural strategic alignment.

Kamino brings the concentrated liquidity layer:

• ~$5b market size
• Solana lending market dominance
• Battle-tested security with zero exploit history

Solstice brings the baseline yield:

• USX: The fifth biggest dollar asset on Solana with 16,000+ users and $200m+ in TVL
• YieldVault: Provides access to Solstice's strategy that reported 15.4%+ APY (trailing 12-month) with 8.09 aggregate Sharpe ratio
• 3 years of private fund activity

USX and baseline yield from YieldVault can now be deployed across Kamino's markets, allowing users to build layered strategies without sacrificing their foundation.

Multiply: Leveraged Baseline Yield

If you’re bullish on SOL and Solstice, this is for you.

eUSX Multiply by Kamino gives you leveraged exposure to Solstice’s delta-neutral strategy while keeping full SOL price exposure.

You deposit eUSX, and Kamino automates the process of borrowing SOL, swapping it back to eUSX, and repeating the loop up to 4x. Multiply works best when YieldVault’s APY is higher than SOL borrowing costs.

Flares Program Integration

Flares are Solstice points earned through interaction with Solstice products and partner protocols. Think of them as a loyalty program that rewards deeper ecosystem participation.

Flares represent your share of the upcoming SLX airdrop, which will occur after the planned TGE. Currently, 7.5% of the SLX supply is reserved for the Flares campaign. Additional supply will be unlocked as TVL grows.

Get started with early adopter boosts up to 1.35x:

1. Join the Flares campaign.
2. Lock USX or USDC (USDT soon) in YieldVault to get eUSX.
3. Supply USX and eUSX & borrow USX on Kamino.

More activity across integrated protocols like Kamino means boosted Flares accumulation:

• Supply USX - 5x multiplier
• Borrow USX - 1x multiplier
• Supply eUSX - 1x multiplier

The boring yield becomes exciting when foundation blocks integrate.

Information only. Not an offer or solicitation. Digital assets carry risk, including possible loss of principal. Availability varies by jurisdiction. Past performance is not indicative of future results.

Published 35

@wrecksgg

1/ Oct 10th delivered the biggest crypto liquidation event in history.

$19b+ wiped in 24 hours. Bigger than COVID, bigger than Luna, bigger than FTX.

Let’s unpack how defi held up 🧵

2/ Aave liquidated $180m in one hour. Uniswap processed $9b without downtime. Hyperliquid stayed online. Kamino reported zero bad debt.

This was a huge infra stress test.

https://x.com/cryptorinweb3/status/1977110062050296155

3/ Solana-native USX maintained its $1 target reference value throughout the crash. Perfect timing.

@solsticefi’s Kamino deep defi integration also went live. Users can earn up to 5x Flares multipliers for borrowing and supplying USX/eUSX on Kamino money markets.

https://x.com/solsticefi/status/1976966778871005535

4/ USDe dropped to $0.65 on Binance. $2b redeemed across protocols. Mint and redeem worked perfectly everywhere else.

The issue was Binance oracle data. Binance will compensate $283m to users.

https://x.com/hosseeb/status/1977370087800889469

5/ Circle Gateway goes live on HyperEVM.

Now supports Hyperliquid, Sei, Sonic, World Chain. Instant cross-chain USDC liquidity in under 500ms. Chain-abstracted across 11 blockchains.

https://x.com/circle/status/1975909052417753582

6/ Coinbase and Mastercard both bidding for the BVNK stablecoin firm. Valuation range: $1.5b to $2.5b. Would be the largest stablecoin acquisition ever.

Coinbase reportedly leads the race. Citi Ventures also invested.

https://x.com/sytaylor/status/1976532046857019769

7/ Ten major banks explore joint stablecoin.

Bank of America, Goldman Sachs, Deutsche Bank, UBS, Citi, MUFG, Barclays, TD Bank, Santander, BNP Paribas.

They aim for G7 currency-pegged stablecoins on public chains. Still early stage.

https://x.com/Cointelegraph/status/1971326402524795348

8/ Jupiter announces JupUSD. Native stablecoin for Jupiter ecosystem built on Ethena’s SaaS.

Integrates with Jupiter Perps and Jupiter Lend. They will replace external capital with JupUSD across $750m in perps.

https://x.com/JupiterExchange/status/1975929208049463384

9/ Yield snapshot for the week:

• eUSX (Solstice): 7.61% APY
• sUSDf (Falcon): 8.13% APY
• SyrupUSDC (Maple): 6.83% APY
• sUSDe (Ethena): 5.22% APY
• sUSDS (Sky): 4.75% APY

10/ Hope this helps!

Follow and open notifications:

• @WrecksGG for weekly stablecoin & yield insights
• @solsticefi to catch up with Solana’s baseline yield

Published 36

1/ Solana is Internet Capital Markets. It scales transactions. It also needed to scale yield infrastructure to become a magnet for institutional interest.

Solstice built the missing link. USX and YieldVault provide Solana's baseline yield layer.

2/ USX is a synthetic Solana-native dollar asset. In just four days, it became the 5th largest dollar asset on Solana with now 210m+ in TVL.

17,900+ users holding USX across the ecosystem.

3/ YieldVault provides access to delta-neutral strategies from Solstice's tokenized experience and performance. Our strategy has reported ~8% APY in the last 7 days.

Lock USX. Access baseline yield through eUSX. Unlock anytime.

4/ eUSX brings composable yield to Solana. It’s your baseline yield that can be used to access other sophisticated defi opportunities.

To get up to 10x Flares multipliers: deploy to liquidity pools on Orca and Raydium, borrow/supply on Kamino. More integrations soon.

5/ Almost 3 years of private strategy operation. 100% positive months across all market conditions. Now available on Solana.

solstice.finance

6/ Information only. Not an offer or solicitation. Digital assets carry risk, including possible loss of principal. Availability varies by jurisdiction. Past performance is not indicative of future results.

Published 37

1/ Every major stablecoin on Solana still belongs to someone else's chain. That means Solana’s dollar economy depends on external incentives.

USDC, USDT, PYUSD - consider them imported liquidity that leaves the moment incentives shift.

Only one dollar here is truly Solana-native: USX by @solsticefi.

2/ USX integrates yield infrastructure directly. Lock it in YieldVault for exposure to delta-neutral strategies.

The underlying strategy reported a trailing 12-month APY of 15.4% and a Sharpe ratio of 8.09 over almost 3 years before we launched it onchain.

You can use your position across defi while it tracks performance.

3/ What prevents other issuers from developing integrated yield infrastructure?

Their business model depends on earning from your reserves. Every dollar you hold idle generates ~4-5% returns for them. Composability and defi integration reduce that profit.

Even when they offer yield options, they do not promote them.

4/ When a settlement layer integrates directly with yield infrastructure, builders can create smoother, more rewarding defi experiences for users.

They can create products that depend on productive capital by default and new strategies that ladder risk on top of a transparent benchmark.

Infrastructure no longer needs to import assumptions from other chains.

5/ USX currently has $210m+ in TVL and 18,600+ holders. It is integrated across Kamino, Orca, Raydium. Exponent is coming soon.

Solana needs builders who expand what this chain can do. The question is what gets built on top of native capital.

Happy building, Solana devs. USX and YieldVault are truly yours.

6/ Information only. Not an offer or solicitation. Digital assets carry risk, including possible loss of principal. Availability varies by jurisdiction. Past performance is not indicative of future results.

Published 38

@ben_solstice

1/ October 11's crash wiped around $200b from crypto markets. This is the largest liquidation event in history by far. Over 1.6m traders were eliminated.

A thread on what survives when directional bets collapse 🧵

2/ The catalyst was Trump's 100% tariff announcement on China imports.

Nasdaq dropped ~3.6%, crypto cascaded even harder. When macro uncertainty hits, leveraged positions get destroyed first. Markets don't debate. They liquidate.

3/ This is what happens when markets lack base rates.

Traditional finance has benchmarks. Treasury yields provide a reference point. You can price risk rationally. You know what doing nothing costs versus taking exposure.

Crypto prices risk off sentiment and leverage.

4/ Without benchmarks, you can't ladder risk properly.

Institutions need to compare opportunities against a baseline. Builders need a ground floor before they stack strategies. Traders need a reference for what directional exposure actually costs.

That was the infrastructure gap.

5/ Delta-neutral strategies held up during the crash by hedging directional exposure through offsetting positions.

We deployed this infrastructure on Solana with USX and YieldVault before the crash hit. October 11 validated the thesis.

100% positive months across nearly 3 years of private operations. The strategy reported ~7-8% APY even during the collapse.

6/ YieldVault provides onchain access to this engine.

Lock USX. Receive eUSX. Track performance through transparent operations. Exposure requires only a crypto wallet. No minimums, this is built for everyone.

7/ Markets will eventually stabilize and volatility will go down.

But the crash proved why baseline yield infrastructure matters. You need dependable low-volatility benchmarks before you stack risk. That layer exists on Solana now.

8/ https://solstice.finance/

Follow @solsticefi as we scale baseline yield infrastructure for Internet Capital Markets on Solana. You’re in for a fun ride.

Published 39

@wrecksgg

1/ Oct 10th wiped billions. Oct 21st nobody cares. Last week's panic is this week's footnote. Stablecoins are hitting new ATHs: $307b+.

Your weekly stablecoin and yield news 🧵

2/ Stripe launched stablecoin subscriptions for recurring payments.

AI companies already route ~20% of payment volume through stablecoins. US private preview only.

https://x.com/BackseatVC/status/1978156391052296671

3/ @solsticefi is live on Solana with $215m+ TVL and growing.

The growth is so crazy it caused temporary Flares display issues. We’re stabilizing queries & optimizing data flows. Your Flares are safe and accumulating.

Go get more. 🌞

https://x.com/solsticefi/status/1979169372426870936

4/ Stripe-backed Tempo raised $500m Series A at a $5b valuation. That’s likely one of the highest closed valuations for a crypto raise, ever.

https://x.com/sjdedic/status/1979258985917059524

5/ Coinbase Business launched B2B stablecoin platform with global payouts, payment links, and QuickBooks integration via CoinTracker.

USDC balances automatically earn 4.1% APY. Merged Coinbase Commerce into the new platform.

https://x.com/CoinDesk/status/1978851672446149064

6/ Tether deployed USDT0 and XAUT0 on Solana via LayerZero Legacy Mesh.

$175b+ in cross-chain USDT liquidity now accessible. First Tether Gold deployment on Solana. $25b+ bridge volume processed through 320,000+ transactions.

https://x.com/SolanaFloor/status/1978497016004014189

7/ Visa published onchain finance report tracking defi lending activity.

$670b in stablecoin loans issued since 2020. $51.7b issued in August 2025 alone.

https://x.com/rolandayd_/status/1979898890385043602

8/ Euler teased synthetic dollar launch in a few weeks to complete their product triad: lending, DEX, and dollar asset.

https://x.com/Blockworks_/status/1978795332013117485

9/ Ethereum Foundation deposited 2,400 ETH and $6m into Morpho Vaults.

Largest stablecoin deployment by the foundation on record. They hold!

https://x.com/MorphoLabs/status/1978468364273287412

10/ Sky launched stUSDS offering ~6.5% APY for risk capital providers. Initial APY was 40%. Currently 140m+ in TVL.

https://x.com/SkyEcosystem/status/1979192199808958535

11/ OwlTing, a Taiwanese stablecoin company, secured Nasdaq listing. Programmable money is taking over the world.

https://x.com/CoinDesk/status/1978846012878782597

12/ Yield snapshot for the week as of Oct 20th:

• eUSX (Solstice): 6.11% APY
• sUSDf (Falcon): 9.14% APY
• SyrupUSDC (Maple): 6.62% APY
• sUSDS (Sky): 4.75% APY
• sUSDe (Ethena): 3.64% APY

13/ Hope this helps!

Follow and open notifications:

• @WrecksGG for weekly stablecoin & yield insights
• @solsticefi to catch up with Solana's baseline yield

Published 40

@defidavo

1/ Coinbase and Mastercard are both bidding on the same stablecoin infrastructure company. The price: $2b for BVNK.

BVNK processes $20b annually. That would make it the largest stablecoin infrastructure acquisition on record.

Weekly news thread 🧵

2/ @solsticefi’s USX scaled past $210m+ in TVL on Solana.

YieldVault exposes our private strategy with 16.2% APY trailing twelve months and 8.09 Sharpe ratio. Delta-neutral approach designed as low-volatility benchmark for Solana.

https://x.com/solsticefi/status/1978808151559553128 3/ Stablecoin market crossed $300b this month per Artemis data.

Plasma network minted $6b in stablecoins during week one. Record for new chain debut.

Circle minted $750m USDC on Solana on October 17.

4/ North Dakota launched Roughrider Coin on October 8. First state stablecoin under GENIUS Act.

Built on Fiserv FIUSD platform. Dollar reserves held by Bank of North Dakota. Available to state banks and credit unions starting 2026.

5/ IMF warned October 14 that $305b in stablecoins threatens traditional lending and monetary policy. Basel Committee chair Erik Thedéen said the growth may force review of bank capital standards for crypto assets.

Same week Citi Ventures invested in BVNK and Anchorage Digital selected US Bank as stablecoin reserve custodian. 🤷

6/ VisionSys AI announced $2b Solana treasury with Marinade Finance this month.

Seven major asset managers amended SOL ETF S-1 filings October 18 with staking details. Fidelity, Franklin Templeton, Coinbase, Bitwise, Grayscale, Canary Capital, and VanEck.

Bloomberg ETF analyst James Seyffart called it signs of movement from issuers and SEC.

7/ Follow @defidavo for Solstice updates and weekly crypto infra news.

Published 41

@solsticemonk

1/ USX is @solsticefi's settlement layer.

eUSX is the yield-bearing token you receive when you lock USX in YieldVault.

Both now function on Kamino, Solana's largest lending protocol.

The flow: Lock USX in YieldVault to receive eUSX, then choose one of three Kamino markets based on the position you want to build.

https://x.com/solsticefi/status/1976632434939621578

2/ Supply USX at 5x Flares multiplier.

Supply USX on Kamino to earn lending rates plus a 5x Flares multiplier. Standard money market mechanics with Solstice reward tracking.

Supply USX.mov

3/ Borrow USX at 1x Flares multiplier.

Put up collateral like USX, USDC, or eUSX, take USX as loan, deploy elsewhere. Access leverage or liquidity without selling positions. Pay borrowing costs but maintain your original holdings.

Borrow USX.mov

4/ Supply eUSX at 1x Flares multiplier.

Your yield-bearing token functions as collateral on Kamino. Hold baseline yield exposure while unlocking borrowing capacity.

Note: eUSX can’t be borrowed, only supplied as collateral.

Supply eUSX.mov

5/ Kamino's Multiply feature offers leveraged baseline yield - aka looping.

Deposit eUSX, and Multiply feature automatically loops eUSX collateral with USX borrowing up to 3.8x leverage depending on collateral ratio and health factor.. This amplifies your eUSX YieldVault exposure while maintaining full USD value exposure.

Risk: If eUSX APY drops below USX borrow costs, the position underperforms. Liquidation risk applies if borrowed USX exceeds safe collateral thresholds.

Multiply.mov

6/ This structure mirrors institutional strategies - capital efficiency through recursive collateral deployment.

7/ Early participants still access the 1.25x early adopter multiplier. Stacks with activity multipliers up to the 10x system cap.

Don’t forget to register your wallet https://app.solstice.finance/earn-flares

The earlier you establish positions across Kamino markets, the more leverage you have on final SLX allocation. Flares represent your share of the upcoming airdrop after TGE.

8/ Known issue: The Flares dashboard is showing incorrect numbers for some users.

The frontend display layer couldn’t keep pace with concurrent query load. We are rebuilding it properly instead of shipping quick fixes that create more errors.

Flares are safe. 🌞

9/ Find the three Kamino markets here: https://app.solstice.finance/deep-defi

Supply USX, Borrow USX, and Supply eUSX all function like any other lending protocol. The difference is what your capital tracks while deployed.

Note: You need at least 0.05 SOL in your wallet for Kamino transactions.

Published 42

@WrecksGG

1/ Stablecoin infrastructure just had its messiest week yet.

Weekly stablecoin & yield deep dive 🧵

2/ Stable Finance's $825m pre-deposit campaign filled in minutes. But onchain data showed $600m deposited by 10 wallets before the public announcement.

Community called it front-running. Less than 200 addresses captured 60% of allocation.

https://x.com/stable/status/1981534243202486519

3/ @solsticefi’s USX crossed $220m TVL with 20,000+ holders.

Solana's only native dollar asset with meaningful scale in the top rankings maintained value consistency through recent volatility while others struggled.

https://x.com/solsticefi/status/1981661955891810382

4/ Treasury yields hit 6-month lows at 3.976%. Spark moved $100m from its $9b USDS reserve into Superstate's crypto carry fund. They're chasing higher returns.

https://x.com/SuperstateInc/status/1981420840802549808

5/ Aave Labs acquired Stable App to expand consumer access to on-chain savings.

Stable's team built iOS apps to abstract defi complexity. Aave's Horizon platform already crossed $300m in institutional deposits.

https://x.com/aave/status/1981372036434829333

6/ Aave approved Maple's syrupUSDT as collateral on Plasma with unanimous governance vote.

Partnership aims to connect Aave's $40b liquidity with Maple's $3b in institutional assets. syrupUSDC integration on Core market expected next.

https://x.com/maplefinance/status/1981314727679840515

7/ Sky's Spark protocol surpassed $11b in total value locked on Ethereum. First Star in Sky ecosystem allocated over $1b to tokenized Treasuries.

https://x.com/sparkdotfi/status/1980275534732079600

8/ Yield snapshot for the week:

• eUSX (Solstice): 4.43% APY
• sUSDf (Falcon): 8.99% APY
• syrupdUSDC (Maple): 6.36% (30-day)
• sUSDS (Sky): 4.75% APY
• sUSDe (Ethena): 3.17% APY

9/ Hope this helps.

Follow and open notifications:

• @WrecksGG for weekly stablecoin and yield insights
• @solsticefi to catch up with Solana's baseline yield

Published 43

@defidavo

1/ Same bank whose CEO called Bitcoin a pet rock now is treating it alongside stocks and bonds.

Weekly crypto infra news 🧵

2/ JPMorgan ($4 trillion) is accepting Bitcoin and Ether as loan collateral by the end of 2025. Applies to global institutional clients for credit lines and structured financing.

https://x.com/CryptosR_Us/status/1981652742809502166

3/ @solsticefi USX scaled past $220m+ TVL on Solana with 21,000+ holders since launch. Exponent integration launched yesterday with 20,000 in monthly USX incentives and up to 15x Flares rewards.

USX is the biggest Solana-native dollar asset.

https://x.com/solsticefi/status/1981661955891810382

4/ Japan launched its first yen-pegged stablecoin. JPYC went live on Ethereum, Avalanche, and Polygon. Backed by domestic bank deposits and Japanese government bonds under Payment Services Act.

Target: 10 trillion yen circulation within three years.

https://x.com/Reuters/status/1982674904286630343

5/ Hong Kong approved the first Solana ETF on October 22.

The U.S. is still processing 16+ applications with October deadlines. 21Shares Form 8-A is approved but government shutdown delayed final S-1 reviews.

https://x.com/CryptoNobler/status/1821572015620251798

6/ StraitX raised $10m from UQPAY and NTT DOCOMO. The Singapore-based firm is expanding stablecoin-to-fiat infrastructure across Asia.

Recent milestones include XUSD and XSGD listings on Coinbase. Launching card programs with RedotPay and Visa.

https://x.com/CryptobuddyInfo/status/1981298602673844282

7/ Germany's first Bitcoin treasury company launched. They are targeting 10,000+ BTC by 2027. Berlin fintech already purchased €3m BTC and received €3m from UTXO Management.

Runs Smart Billment platform processing invoices for 8,000 business customers.

https://x.com/ByCoinvo/status/1980631010502144109

8/ Citi announced it will launch crypto custody services in 2026 for institutional clients. Will hold native Bitcoin and Ether.

https://x.com/WhaleInsider/status/1977801597796401418

9/ Follow @defidavo for Solstice updates and weekly crypto infrastructure news.

Published 44