Solstice Finance launched strcUSX, a Solana-based structured product offering decentralized finance users economic exposure to Strategy's Nasdaq-listed STRC preferred stock without tokenizing the shares.
The senior token, SR-strcUSX, has priority in receiving income generated by the structure and targets an annual yield of approximately 7%.
The junior token, JR-strcUSX, receives residual income after senior payments are satisfied and targets an annual yield exceeding 20% APY.
To participate in strcUSX, users deposit Solstice Finance's dollar-linked settlement token, USX, into a vault to receive one of two risk-tiered Solana tokens.
Junior token holders of JR-strcUSX absorb losses first if the market value of the underlying STRC preferred stock position declines.
Strategy's STRC preferred stock, also known as Stretch, is a variable-rate perpetual instrument that pays a 12% annual dividend in cash.
Solstice Finance's strcUSX is the first structured financial instrument linked to Strategy's STRC preferred stock developed on the Solana blockchain.
The senior tranche of strcUSX is designed to shield institutional and conservative investors from the market price fluctuations of Strategy's STRC stock.
Strategy sold 1,690 bitcoin for approximately $108.6 million on August 10, 2026, to repurchase 1,152,020 shares of its STRC preferred stock.
Investors in strcUSX can redeem their funds after a seven-day unlock period or exit immediately by paying a transaction fee.
The dividend payments of Strategy's STRC preferred stock are distributed twice a month, though the rate remains subject to board approval.
The strcUSX tokens are standard Solana tokens that can be traded or utilized as collateral across decentralized finance applications.
Following the sale of 1,690 bitcoin on August 10, 2026, Strategy reduced its corporate treasury reserves to 840,447 bitcoin.
