[Solstice Finance Launches Structured Product strcUSX on Solana]
According to CoinDesk, Solstice Finance has launched the structured product strcUSX on Solana. Users can deposit USX to receive senior token SR-strcUSX and junior token JR-strcUSX. The former has a target annual yield of 7%, while the latter has a target annual yield exceeding 20% and takes priority in bearing price fluctuation losses. The product supports redemption after a 7-day unlock period or immediate exit by paying a fee.
Chairman Tom Lee said easing financial conditions could support crypto, even as the CLARITY Act failed to reach a Senate vote before the August recess.
[Address 0x2be3… Closed KAITO Long Position, Loss of $1.98 Million]
According to monitoring by Lookonchain, address 0x2be3 closed its KAITO long position 3 hours ago, incurring a loss of $1.98 million.
