Deus X Capital Unveils DeFi Unit
Deus X Capital, a $1 billion investment and operating company led by Tim Grant, has launched Solstice Labs, a new decentralized finance (DeFi) business. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors.
New Yield Generating Protocol
Solstice Labs' first project is a protocol that offers enhanced yield opportunities, expected to go live in early 2025. It aims to deliver stable and consistent yields for investors in a democratized fashion, with all users having the same access to the yield generating opportunity on the Solstice protocol.
Solana Blockchain and TVL
The protocol will be developed on the Solana blockchain and is expected to launch with more than $100 million of total value locked (TVL), with significant investment from Deus X Capital. The company believes this presents a huge opportunity to introduce institutional-grade yield-opportunities and infrastructure into DeFi.
Institutional Partnerships
Solstice Labs will work closely with Cor Prime, a prime broker, and Alpha Lab 40, a proprietary trading firm, both of which are portfolio companies of Deus X Capital. Cor Prime launched on Wednesday with a $100 million commitment of risk capital from Deus X Capital.
Addressing Market Imbalance
Cor Prime plans to address the supply/demand imbalance for leverage in the crypto market, providing institutional-grade yield-opportunities and infrastructure to a broader range of investors.
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