Several important characteristics of Damao:

▌Operated with own funds / No external VC

▌Strong team

Those meeting this condition include $YFI in the past and $HYPE currently.

Solstice actually meets all the above conditions.

Although it is not Damao,:

Funding background: Incubated by Deus X Capital, has not accepted any external institutional investment.

Team resumes: One of the co-founders is the former head of European operations at Galaxy Digital, and another co-founder is the former Vice President of Global Trading at Galaxy Digital.

One significant advantage of not having external VC constraints is the great freedom in token economic design.

The initial circulation at the $SLX TGE was approximately 24% of the total supply, with potential selling pressure from external sources only including:

▌Public offering: 0.29% (fully circulated)

▌Community portion: 37.71% (TGE circulation 21.2%)

The majority of the tokens are held by the team.

Looking at the fundamentals without considering the token structure.

Solstice's core strategy is market neutral: it aims to stabilize returns by shorting spot longs in the derivatives market, capturing funding rates, cash-futures spreads, and staking yields.

In simple terms, it is the Ethena of the Solana ecosystem.

Currently, its TVL has surpassed 500 million USD and has successfully attracted renowned institution Bullish (NYSE: BLSH) as the latest capital allocation party.

According to the official source, Season 2 has allocated 3% of the $SLX supply to points users, which will grow with the increase in TVL.

With the capability and motivation to control, it is indeed not advisable for you to act as the counterpart of the project party.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。