余烬|Dec 23, 2025 11:49
Solana's largest native stablecoin (USX) project, @ solsticefi, is conducting a token (SLX) pre-sale on the fundraising platform @ legiondotcc. USX is a interest bearing stablecoin that can generate returns by converting USDC into USX and depositing it into YieldVault. USX is supported by multiple assets at a 1:1 ratio, including hedging trading positions (such as long BTC spot+short BTC perpetual contract), other stablecoins, and treasury bills. The delta neutral strategy of USX has been in operation for 3 years, and despite multiple large-scale liquidation events in the cryptocurrency industry, it still maintains 0 anchor detachment and 0 forced redemption. For example, the market as a whole fell by 30% during the October 11th crash, causing losses for multiple active market makers, while Solstice remained unaffected and maintained positive returns. Therefore, over $328 million of funds have been locked in to mint USX, making it the largest native stablecoin on Solana and filling the previous gap of no interest bearing stablecoins on Solana. In addition to YieldVault, USX can further amplify its profits through DeFi, including splitting principal (PT) and interest income (YT) through Exponent, providing liquidity on Raydium, and revolving lending on Kamino. Now, Solstice plans to launch the governance token SLX and is conducting pre TGE token pre-sales on the fundraising platform Legion. Because Solstice has not received financing, this pre-sale on Legion will be TGE's only opportunity to obtain SLX before. Legion is a fundraising platform that many friends should be familiar with, and their recent presence is quite strong: firstly, because their participation method is different from traditional fundraising platforms, and secondly, they have cooperated with Kraken to create new products. Participation method: Previously, traditional ICO/fundraising methods generally adopted a "first come, first served" approach, based on the speed to reach the fundraising ceiling. In this case, the competition is usually based on the amount of funds or the number of accounts. Legion is based on a "rating system" that calculates Legion ratings by considering users' on chain activity history, GitHub development contributions, social media influence, and other on chain and off chain data. The higher the rating, the higher the allocated investment amount. The advantage of this approach is that it allows long-term, valuable community members to receive more distribution, rather than short-term speculators and witches controlling multiple robot accounts. Compliance Fundraising Platform: Legion is a fundraising platform that actively pursues compliance (such as meeting EU MiCA standards), allowing startups to raise funds through MiCA compliant token issuances. Due to compliance, Legion was given the opportunity to collaborate with the compliant exchange Kraken on a new platform and successfully launched YieldBasis (YB) for new platform development. The pre-sale of Solstice on Legion has already begun. If you plan to participate, here is the process reference: Register on the Legion platform and complete KYC certification: https://app.legion.cc/solstice After depositing USDC in advance, submit the Solstice participation application and wait for the Solstice team's approval before making capital investment
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