USX

USX is used as a stable digital asset across Solstice Finance products and compatible Solana decentralised finance applications.

Its uses include:

• Acting as a USD-denominated token for transfers, trading and on-chain settlement on Solana
• Serving as the base asset used across Solstice Finance products and strategies
• Being locked within the Solstice protocol to receive eUSX, which represents a share of the net asset value associated with Solstice YieldVault strategies
• Providing liquidity or collateral in supported decentralised finance applications

Minting and redemption operate through a permissioned primary market. Approved, ID-verified institutional participants can mint USX by depositing stable collateral such as USDC or USDT and redeem by returning USX for equivalent collateral.

USX was created by Solstice Labs, the entity behind the Solstice Finance protocol.

Key leadership roles include:

• Ben Nadareski – Co-Founder and Chief Executive Officer (CEO) of Solstice Labs, responsible for protocol development and operational direction
• Tim Grant – Co-Founder and Chairman of Solstice Labs, overseeing strategic direction
• Luis Marques – Chief Technology Officer (CTO) of Solstice Labs, leading protocol engineering and technical architecture

Solstice Labs operates with backing from Deus X Capital, which supports the development of its decentralised finance products.