Solstice Finance has launched the first Solana-based product linked to Strategy’s STRC preferred stock, giving DeFi users a way to gain structured exposure to its income and price risk. The product, called strcUSX, divides the exposure into senior and junior tokens. The senior token targets a 7% annual yield and gets income first, while the junior token targets more than 20% APY but takes on greater losses if STRC falls in value. Solstice says the product is the first STRC-linked instrument on Solana.
strcUSX is live in YieldVault – the first Solana-native STRC product with senior protection.@Strategy‘s STRC pays a ~12% cash dividend. strcUSX brings that stream onchain & splits it in two:
– Senior: paid first, toward a ~7% target.
– Junior: first-loss, with a variable ~20%… pic.twitter.com/yfHUfai6Rx— Solstice (@solsticefi) August 10, 2026
The Zug, Switzerland-based company describes itself as a DeFi yield infrastructure protocol built on Solana. Its new product does not tokenise STRC shares and does not give users direct ownership of Strategy’s preferred stock.
Instead, users deposit USX, a dollar-linked settlement token developed by Solstice, into a vault. They then receive one of two Solana-based tokens that are linked to the economics of a portfolio holding STRC.
The senior token, known as SR-strcUSX, is designed to receive income before the junior tranche. It targets a yearly yield of 7%. The junior token, JR-strcUSX, receives the remaining income after senior holders have been paid and targets a return of more than 20% APY.
The difference comes with higher risk. Junior holders absorb losses from changes in the value of the STRC position before senior holders do. In other words, they take on more of the downside risk in exchange for the possibility of higher returns.
STRC, also known as Stretch, is Strategy’s variable-rate perpetual preferred stock. It currently carries a 12% annual cash dividend, paid twice a month. However, the dividend rate is determined by Strategy’s board, and payments remain subject to declaration.
One important feature of STRC is that its dividend can continue even if its market price falls. Solstice’s senior tranche is designed to provide some protection against that mark-to-market risk, while the junior tranche carries more of the risk.
Users can redeem their position after a seven-day unlock period. Those who want to exit immediately can do so by paying a fee. The yield is reflected through changes in the token’s exchange rate rather than being paid as a separate distribution.
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