Solstice Finance has launched a Solana-based product that splits the dividend income and price risk of Strategy’s STRC preferred stock into separate senior and junior tokens. The firm is also extending its USX dollar product into Zebec Network’s payroll platform.
Key Takeaways
Solstice launched strcUSX on Solana, splitting STRC’s 12% yield into 2 risk tranches.SR-strcUSX targets 7% APY while JR-strcUSX seeks 20%+, expanding structured DeFi on Solana.Solstice will bring USX to Zebec’s $500M payroll network, extending yield into payments.Solstice Finance is bringing a Wall Street-style credit structure onto Solana, launching tokenized senior and junior claims tied to the dividend stream of Strategy Inc.’s Nasdaq-listed preferred stock.
Senior and Junior Tokens Split the RiskSR-strcUSX, the senior tranche, targets about 7% annual percentage yield and receives dividend income and principal recovery before the junior tranche. It is designed for investors seeking lower volatility and more predictable income.
JR-strcUSX takes the first loss from mark-to-market movements but captures the remaining yield after senior holders are paid. Solstice is targeting returns of more than 20% APY for the junior tranche.
Users deposit USX into the strcUSX vault and receive the tranche corresponding to their preferred risk level. As STRC dividends enter the vault, token exchange rates rise, allowing yield to accrue continuously instead of through separate cash distributions.
Both tokens are native Solana assets and can be traded, used as collateral, or integrated into decentralized finance applications. “Tranching that yield on DeFi rails means every participant gets exactly the risk profile they came for,” Solstice Labs CEO Ben Nadareski said.
USX Expands Into Payroll Through ZebecSolstice is also taking USX beyond structured credit through a partnership with Zebec Network.
The integration will bring USX into Zebec’s payroll infrastructure, which processes more than $500 million annually and serves over 50,000 monthly active users. Businesses will be able to earn rewards on prefunded payroll balances while those funds sit waiting for distribution.
“Most onchain payroll has a dead-dollar problem,” Nadareski said. “USX turns that gap into a yield window.”
Employees and contractors will be able to receive USX directly, spend it through Zebec’s debit card or withdraw it to a wallet.
Together, they reflect a broader push to make traditional cash flows composable rather than merely tokenized.
