And finally, it has now been over a week since $SLX officially went live.
Yesterday, we witnessed something unprecedented. Two major Korean CEXs listed $SLX, that has never happened before,significantly impacting the price and driving it from $0.19 to $0.50. This delivered over 300% profit for ICO participants.
The price is now holding strong around $0.33-$0.36, At the same time $USX TVL moved from $400M to $500M, demonstrating the teamโs commitment and the marketโs confidence in the project.
History will remember the day the @solsticefi governance token became part of the Solana ecosystem, and the events of June 1st, which will be remembered as $SLX Day.
So far this has been one of the standout launches weโve seen in a while, even with the market still deep in bearish conditions $SLX still maintaining a good momentum.
First, I want to congratulate the entire team for the incredible effort and dedication that made this launch a success. Special recognition and commendation to @ben_solstice for turning this vision into reality and continuing to push Solana forward, youโre obviously making solana great again .
To @RyanDay@MLGAnakin, @solsticemonk@emojapaula@defidavo and the rest of the team, you guys have been absolutely amazing throughout this journey.
And Iโm also proud of myself and other official ambassadors itโs been a lovely ride.
And to the community, the real believers will always stay because they understand this is only the beginning.
Many may not fully understand it now, but with time, they will.
Once again, congratulations to everyone involved.
$SLX hasnโt heard of any Saylor FUD and isnโt correlated to Bitcoin dumping
OTC buyers are betting on Solstice dump at first July 5th unlock to be minimal, with $SLX holding above $0.2 mark
My vested bags are looking great
EVM land does seem to be on fire now, but at least @solana is doing quite alright with @ExponentFinance and @solsticefi.
Solstice, despite crypto being remarkably down, has maintained its good valuation excellently so far.
And its Exponent PTs are loopable against negative borrow costs at the moment on @kamino but also loopable on @Loopscale.
4.51% PT Yield at a -.89% borrow cost and 5x leverage...
= 26.11% Net APR with fixed collateral yield
BUT ALSO, I recently learned that if you simulate deposits into @ExponentFinance you can see what your APR would be at different concentrated liquidity ranges.
I know HYPE flipped SOL (at least for a day), but tbh, I've been surprised by how frequently Solana has been the go-to for stablecoin yields lately.
Note: Solstice points maxi and Exponent V2 ambassador
4/ Yield trading activity has been growing steadily across markets, with the introduction of new tools for participants such as Rate Limit Orders
Rate Limit Orders let users define a target rate and automatically enter a position when the market reaches it, while providing liquidity until the order is filled
Active rewards campaigns are currently running for Rate Limit Orders across Exponent, with markets such as @Solsticefi YT-eUSX and YT-USX earning over 100% APY on resting orders
New PT maturities are live on Kamino.
PT-USX and PT-eUSX September maturities via @ExponentFinance are now available as collateral in the @solsticefi Market, allowing users to borrow USX and USDG against fixed-yield positions and access fixed-yield looping strategies.
solana:SLXdx4BUt2v9uJQNzWqSfzTJ9UKLUDsvxHFMEEdrfgq listing on Upbit, Bithumb, and OKX on the same day is a rare milestone.
This is a strong signal for where global demand for Solana-native yield is starting to move.
Big day for Solstice and the ecosystem.
Solstice is glad to be a part of the @ExponentFinance v2 launch.
If you migrated your LP position and your TVL isn't showing yet, we're on it.
TWA TVL tracking, multipliers, Flares earnings, and vesting tracking will all be correct. No one gets penalized during this window.
Keep doing what you're doing. We'll make sure you're covered.
The Solstice airdrop is one of the few recent launches with a bullish chart after TGE ๐
Most airdrops just enter a death spiral from day one.
So if vesting is what it takes to stop a token from immediately nuking...
Maybe it's not such a bad thing after all.
Of course, the upcoming daily unlocks will create ongoing sell pressure.
The real question now is whether @solsticefi can create enough demand to absorb that supply over time.
Either way, it's good to see a token launch that didn't immediately get nuked.
We'll see where $SLX goes from here.
Solstice already has $55m+ across @ExponentFinance markets.
V2 brings new incentives - YT limit orders on eUSX and USX now earn rewards. Place an order near the current implied APY and earn for the sitting liquidity.
Plus active Flares boosts and the Fixed Yield Vault on the way. ๐
ANCHORAGE DIGITAL JUST INVESTED IN SLX AS SOLSTICE EXPANDS INSTITUTIONAL ADOPTION!
The leading crypto bank is backing one of Solanaโs hottest yield & stablecoin protocols.
$100m TVL added within 24 hours is no joke!!
And this is what exactly happened to @solsticefi
With a total of $500m, Solstice is now a Top 10 Protocol by TVL on Solana! ๐ฅ
All verified on DefiLlama
Pairing this metric with $SLX's price action today, holding up well compared to the rest of the market, things are looking bullish for Solstice!
Are you positioned in their Flares S2 campaign?
If not, just join here: https://t.co/HnE0KGV93Y & make sure you use the ref code uqiX2MstGf for a boost!
Start earning institutional grade yield now!