Solstice

SLX is used for access, staking and governance within the Solstice ecosystem. Access is its main function, with governance forming one part of a wider utility model.

Staked SLX carries governance weight, meaning users who stake SLX can take part in protocol decision-making. Solstice also has stSLX, a staking receipt token. SLX rewards are streamed into the stSLX vault, increasing the stSLX-to-SLX exchange rate over time. Users who unstake enter a seven-day cooldown before withdrawing SLX.

SLX is also linked to Solstice’s user reward system, called Flares. Flares are non-transferable points that track user contribution to the protocol and convert proportionally into SLX allocations at token generation. The Flares programme allocates part of SLX supply to participants, with distribution linked to protocol activity and TVL growth.

At token generation, SLX became live on Solana, Flares converted into claimable SLX, exchange trading opened and staking became active.

Solstice was created by Ben Nadareski, CEO and Founder of Solstice, and Tim Grant, Chairman and Co-Founder of Solstice Labs. Solstice Labs operates as part of the Deus X Enterprise group.

Ben Nadareski has experience across crypto trading, digital asset investment and traditional finance, including previous roles at Galaxy Digital, SIX Digital Exchange, R3, DrumG and Société Générale. Tim Grant is the CEO of Deus X Capital and has held senior roles across digital assets and financial markets, including at Galaxy Digital.