According to CoinMeta, Solana DeFi has launched a new income protocol, Solstice Finance, which provides users with a structured exposure linked to Strategy's floating-rate perpetual preferred stocks STRC. However, this does not directly tokenize STRC or grant ownership of the stocks. After users deposit Solstice US dollars in settlement tokens USX, they can choose between two options: Senior and Junior. The target annualized yield for SR-STRCUSX is 7%, with priority to receive the profits, while JR-STRCUSX will receive the remaining profits. The target yield for APY exceeds 20%, but it also comes with the responsibility of bearing any losses caused by fluctuations in the holding price of STRC. Solstice states that this is the first product on Solana that is linked to STRC.