Solstice launches product tied to Strategy perpetual preferred stock STRC

Solstice Finance, a Solana-based DeFi protocol, has launched a product that offers indirect exposure to dividend income and price volatility tied to Strategy’s perpetual preferred stock STRC, CoinDesk reported. The product does not tokenize STRC shares or require users to hold STRC directly. Instead, users deposit Solstice’s dollar-pegged settlement token USX into a vault and receive one of two Solana tokens linked to the performance of a portfolio holding the Nasdaq-listed preferred shares.