Forwarded from Tria KR Announcements 🇰🇷
Tria 2025 운영 현황 및 향후 계획
➡️ 자세한 내용
1. Tria의 정체성과 성과
- 자기 수탁형 네오뱅크: 사용자가 자산 통제권을 직접 갖는(Self-custodial) 일상용 금융 서비스를 지향합니다.
- 급격한 성장: 비공개 베타 출시 후 3개월 만에 가장 빠르게 성장하는 자기 수탁형 네오뱅크로 자리 잡았습니다.
- 운영 규모: 2025년 12월 기준 약 12만 명의 활성 사용자를 보유하고 있으며, 총 6,000만 달러의 온체인 볼륨을 처리했습니다.
2. 주요 운영 원칙 및 배운 점
- 철저한 자기 수탁: Tria 인프라에 장애가 발생하더라도 사용자의 개인 키와 자산은 온체인에서 안전하게 복구 가능함을 명확히 했습니다.
- 사용자 맞춤형 기능: 단순한 캐시백보다는 자산 보존과 수익(Yield) 창출에 대한 수요가 높음을 확인하고 관련 제품 개발을 가속화했습니다.
- 실용성 강화: BTC 보유자의 지출 편의를 위해 BTC 충전 기능을 추가했으며, 일본 등 특정 시장의 요구에 맞춰 거래 내역 내보내기 기능을 강화했습니다.
3. 시장 확장 및 고객 지원
- 단계적 확장: 수요 검증, 규제 검토, 소규모 테스트를 거치는 엄격한 7단계 체크리스트를 통해 신규 시장에 진입합니다.
- 투명한 장애 처리: 인프라 사고 발생 시 즉각적인 분류와 사용자 소통을 실시하며, 사후 분석 결과를 제품 개선에 직접 반영합니다.
4. 향후 로드맵
- 저축 및 수익 창출 관련 기능의 지속적인 출시.
- 월간 투명성 보고서 및 분기별 운영 검토를 통한 Building in public 지속.
1. Tria의 정체성과 성과
- 자기 수탁형 네오뱅크: 사용자가 자산 통제권을 직접 갖는(Self-custodial) 일상용 금융 서비스를 지향합니다.
- 급격한 성장: 비공개 베타 출시 후 3개월 만에 가장 빠르게 성장하는 자기 수탁형 네오뱅크로 자리 잡았습니다.
- 운영 규모: 2025년 12월 기준 약 12만 명의 활성 사용자를 보유하고 있으며, 총 6,000만 달러의 온체인 볼륨을 처리했습니다.
2. 주요 운영 원칙 및 배운 점
- 철저한 자기 수탁: Tria 인프라에 장애가 발생하더라도 사용자의 개인 키와 자산은 온체인에서 안전하게 복구 가능함을 명확히 했습니다.
- 사용자 맞춤형 기능: 단순한 캐시백보다는 자산 보존과 수익(Yield) 창출에 대한 수요가 높음을 확인하고 관련 제품 개발을 가속화했습니다.
- 실용성 강화: BTC 보유자의 지출 편의를 위해 BTC 충전 기능을 추가했으며, 일본 등 특정 시장의 요구에 맞춰 거래 내역 내보내기 기능을 강화했습니다.
3. 시장 확장 및 고객 지원
- 단계적 확장: 수요 검증, 규제 검토, 소규모 테스트를 거치는 엄격한 7단계 체크리스트를 통해 신규 시장에 진입합니다.
- 투명한 장애 처리: 인프라 사고 발생 시 즉각적인 분류와 사용자 소통을 실시하며, 사후 분석 결과를 제품 개선에 직접 반영합니다.
4. 향후 로드맵
- 저축 및 수익 창출 관련 기능의 지속적인 출시.
- 월간 투명성 보고서 및 분기별 운영 검토를 통한 Building in public 지속.
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🔥1
Forwarded from Townhall_3webbed
Solstice / SLX — clarity, not spin
Solstice took an intentionally ambitious path with SLX ahead of public markets, with a simple structure from day one:
• Earn SLX through real usage via Flares for ecosystem participants
• Buy SLX via public access for those who wanted direct exposure without farming
We didn’t need to raise. The goal of the sale was distribution to aligned holders, not survival capital or hype-driven demand. That distinction matters.
Was the sale a knockout? No — and we won’t pretend otherwise. But it did exactly what it was designed to do: surface long-term conviction. The allocation was never meant for short-term optimization or clip-and-flip behavior.
A few facts worth being explicit about:
• Solstice is fully funded in-house
• Supported by Deus X Capital
• Already generating seven figures in ARR
• Actively distributing millions in yield to users
• Development, ops, and growth continue uninterrupted
• Only 5% of total supply was ever earmarked for public access
In line with that conviction-first approach, SLX will be 100% unlocked at TGE. This was always the plan. The vesting structure and FDV were intentionally not “easy choices” — they were filters.
For anyone who saw volatility and feels SLX isn’t the right fit, full refunds are available within 14 days of sale close. Conviction should go both ways.
The SLX launch remains on track for Q1 2026, with exchange listings, retail integrations, and regional venues already in motion. SLX launches with immediate utility across Solstice’s ecosystem:
$325M+ TVL · 40+ partners · 20+ institutional backers.
No dark arts. No financial engineering.
Just DeFi executed the right way.
It’s been a tough week — but we’re bullish on those building with us. 2026 will be a defining year for
https://t.me/townhallweb3/103
Solstice, and we’re focused on doing this the long-term way.
@Solstice_TG
Solstice took an intentionally ambitious path with SLX ahead of public markets, with a simple structure from day one:
• Earn SLX through real usage via Flares for ecosystem participants
• Buy SLX via public access for those who wanted direct exposure without farming
We didn’t need to raise. The goal of the sale was distribution to aligned holders, not survival capital or hype-driven demand. That distinction matters.
Was the sale a knockout? No — and we won’t pretend otherwise. But it did exactly what it was designed to do: surface long-term conviction. The allocation was never meant for short-term optimization or clip-and-flip behavior.
A few facts worth being explicit about:
• Solstice is fully funded in-house
• Supported by Deus X Capital
• Already generating seven figures in ARR
• Actively distributing millions in yield to users
• Development, ops, and growth continue uninterrupted
• Only 5% of total supply was ever earmarked for public access
In line with that conviction-first approach, SLX will be 100% unlocked at TGE. This was always the plan. The vesting structure and FDV were intentionally not “easy choices” — they were filters.
For anyone who saw volatility and feels SLX isn’t the right fit, full refunds are available within 14 days of sale close. Conviction should go both ways.
The SLX launch remains on track for Q1 2026, with exchange listings, retail integrations, and regional venues already in motion. SLX launches with immediate utility across Solstice’s ecosystem:
$325M+ TVL · 40+ partners · 20+ institutional backers.
No dark arts. No financial engineering.
Just DeFi executed the right way.
It’s been a tough week — but we’re bullish on those building with us. 2026 will be a defining year for
https://t.me/townhallweb3/103
Solstice, and we’re focused on doing this the long-term way.
@Solstice_TG
Forwarded from Townhall_3webbed
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It’s genuinely refreshing to see a small project like Space hit a meaningful milestone in a bear market.
Raising $10M+ when capital is cautious and narratives are tired isn’t noise — it’s conviction. That kind of backing doesn’t show up unless fundamentals and execution are being taken seriously.
I also tuned into a recent Space hosted by the team, and one thing stood out:
the honest explanation of leverage.
I came in assuming it would work like typical betting — slap 10× on any market, full degen mode. Instead, the team walked through why leverage is structured, constrained, and risk-aware. It’s not about amplifying guesses, it’s about precision and responsibility.
That clarity matters. Especially now.
In this market, the projects that survive aren’t the loudest —
they’re the ones willing to explain how things actually work.
https://t.me/intodotspace
Raising $10M+ when capital is cautious and narratives are tired isn’t noise — it’s conviction. That kind of backing doesn’t show up unless fundamentals and execution are being taken seriously.
I also tuned into a recent Space hosted by the team, and one thing stood out:
the honest explanation of leverage.
I came in assuming it would work like typical betting — slap 10× on any market, full degen mode. Instead, the team walked through why leverage is structured, constrained, and risk-aware. It’s not about amplifying guesses, it’s about precision and responsibility.
That clarity matters. Especially now.
In this market, the projects that survive aren’t the loudest —
they’re the ones willing to explain how things actually work.
https://t.me/intodotspace
Forwarded from Townhall_3webbed
Stablecoins aren’t interesting until you look at how they’re used.
Solstice isn’t chasing APY for screenshots — it’s building capital-efficient primitives:
• USX / eUSX designed for utility, not just parking
• Yield routed through real protocol demand
• Clear focus on sustainability over incentives spam
This is the kind of setup where mechanics matter more than marketing.
👀 And yes — TGE is coming soon.
The important part isn’t the date, it’s who’s positioned before attention arrives.
Watch usage. Watch consistency.
That’s usually where the edge forms first.
—
@Solstice_TG
Solstice isn’t chasing APY for screenshots — it’s building capital-efficient primitives:
• USX / eUSX designed for utility, not just parking
• Yield routed through real protocol demand
• Clear focus on sustainability over incentives spam
This is the kind of setup where mechanics matter more than marketing.
👀 And yes — TGE is coming soon.
The important part isn’t the date, it’s who’s positioned before attention arrives.
Watch usage. Watch consistency.
That’s usually where the edge forms first.
—
@Solstice_TG
🥰1🐳1
Forwarded from Townhall_3webbed
Multipli is officially entering the Telegram Attention Economy:
• 2.4 bps
• 1000 Tonso Buzz
allocated to Telegram’s best creators.
If you’re a TG channel creator:
• Talk about Multipli
• Earn Buzz
• Compete for mindshare
Attention is the asset. InfoFi is the rail.
What Multipli Is Actually Building
Most people still think “tokenization” = wrapping assets on-chain.
Multipli is building something deeper.
They’re creating scalable infrastructure that connects:
• Tokenized real-world assets
• Best-in-class asset managers
• Chains + money markets
Result: assets become transparent, composable, and deployable across the entire internet of assets.
This is not a product. It’s a coordination layer.
Why the Numbers Matter
Multipli isn’t early-stage theory.
They’ve raised $20M to help tokenize:
• $4T+ in bank reserves
• $12T in gold
• $40–50B in venture dry powder
This is where TradFi scale meets on-chain execution.
If tokenization works, infrastructure wins first.
TG Users: Why Pay Attention
This campaign isn’t just for creators.
Telegram users can:
• Discover Multipli
• Complete quests
• Earn points and rewards
You’re being paid to learn how next-gen capital deployment works.
Attention → information → incentives → ownership.
That’s InfoFi in practice.
Call to Action
Capital is moving on-chain whether people are ready or not.
Multipli lets you:
• Deploy capital
• Earn yield
• Earn rewards
• Participate early in tokenized asset infrastructure
Explore it here:
👉 https://multipli.fi/
If you’re serious about where capital markets are going, this is worth your attention.
• 2.4 bps
• 1000 Tonso Buzz
allocated to Telegram’s best creators.
If you’re a TG channel creator:
• Talk about Multipli
• Earn Buzz
• Compete for mindshare
Attention is the asset. InfoFi is the rail.
What Multipli Is Actually Building
Most people still think “tokenization” = wrapping assets on-chain.
Multipli is building something deeper.
They’re creating scalable infrastructure that connects:
• Tokenized real-world assets
• Best-in-class asset managers
• Chains + money markets
Result: assets become transparent, composable, and deployable across the entire internet of assets.
This is not a product. It’s a coordination layer.
Why the Numbers Matter
Multipli isn’t early-stage theory.
They’ve raised $20M to help tokenize:
• $4T+ in bank reserves
• $12T in gold
• $40–50B in venture dry powder
This is where TradFi scale meets on-chain execution.
If tokenization works, infrastructure wins first.
TG Users: Why Pay Attention
This campaign isn’t just for creators.
Telegram users can:
• Discover Multipli
• Complete quests
• Earn points and rewards
You’re being paid to learn how next-gen capital deployment works.
Attention → information → incentives → ownership.
That’s InfoFi in practice.
Call to Action
Capital is moving on-chain whether people are ready or not.
Multipli lets you:
• Deploy capital
• Earn yield
• Earn rewards
• Participate early in tokenized asset infrastructure
Explore it here:
👉 https://multipli.fi/
If you’re serious about where capital markets are going, this is worth your attention.
multipli.fi
Multipli — Borrow against Real World Tokenized Assets (Gold, Stocks, S&P 500)
Multipli lets you borrow against real-world assets such as tokenized gold, stocks, the S&P 500 and other tokenized assets, to unlock on-chain liquidity and yield without selling what you own.
🐳2🔥1
Forwarded from Townhall_3webbed
Solstice
Cash primitives win quietly or die violently
Solstice
@Solstice_TG
1/ Solstice is not a “stablecoin project”
USX is the interface.
eUSX is the product.
Solstice is building a yield-bearing collateral primitive designed to sit inside the rest of Solana DeFi.
If you frame it as “another stable,” you miss the point.
2/ The real Solstice question
Every ecosystem converges to one bottleneck:
Where does capital sit when it’s not trading?
If Solstice answers that reliably, it becomes embedded infrastructure.
If it doesn’t, it becomes a campaign artifact.
3/ The intended end-state
Best-case Solstice looks like:
• default idle capital,
• accepted collateral,
• neutral balance-sheet asset.
Not something users “choose,”
something protocols assume exists.
That’s how cash primitives win.
SUCCESS PATH — how Solstice actually wins
4/ eUSX becomes trusted collateral
• Predictable yield
• Conservative risk bounds
• Clean exit liquidity
Protocols integrate eUSX not for yield —
but because it’s safe enough to rely on.
5/ Stress-tested exits
Solstice treats volatility spikes as primary design cases, not edge cases:
• caps,
• circuit breakers,
• controlled unwind paths,
• no reflexive leverage loops.
Survivability > APY.
6/ Integration flywheel
Once eUSX is:
• in perps margin,
• in lending,
• in treasuries,
Solstice stops marketing to users and starts compounding via structural demand.
That’s irreversibility.
FAILURE MODES — where Solstice can break
7/ Strategy opacity
“Delta-neutral” without transparency = trust erosion.
If users or protocols can’t model downside, they will not size up no matter the yield.
8/ Liquidity illusion
Liquidity that exists until everyone wants out is not liquidity.
If exits degrade under stress, integrations unwind, fast and reflexively.
9/ Yield chasing drift
The temptation:
• stretch risk to stay competitive,
• quietly add fragility.
Cash primitives die the moment they stop behaving like cash.
10/ Final Solstice verdict
Solstice doesn’t need to be exciting.
It needs to be boringly correct under stress.
If it is → default cash leg.
If not → another yield experiment with a long post-mortem.
Cash primitives win quietly or die violently
Solstice
@Solstice_TG
1/ Solstice is not a “stablecoin project”
USX is the interface.
eUSX is the product.
Solstice is building a yield-bearing collateral primitive designed to sit inside the rest of Solana DeFi.
If you frame it as “another stable,” you miss the point.
2/ The real Solstice question
Every ecosystem converges to one bottleneck:
Where does capital sit when it’s not trading?
If Solstice answers that reliably, it becomes embedded infrastructure.
If it doesn’t, it becomes a campaign artifact.
3/ The intended end-state
Best-case Solstice looks like:
• default idle capital,
• accepted collateral,
• neutral balance-sheet asset.
Not something users “choose,”
something protocols assume exists.
That’s how cash primitives win.
SUCCESS PATH — how Solstice actually wins
4/ eUSX becomes trusted collateral
• Predictable yield
• Conservative risk bounds
• Clean exit liquidity
Protocols integrate eUSX not for yield —
but because it’s safe enough to rely on.
5/ Stress-tested exits
Solstice treats volatility spikes as primary design cases, not edge cases:
• caps,
• circuit breakers,
• controlled unwind paths,
• no reflexive leverage loops.
Survivability > APY.
6/ Integration flywheel
Once eUSX is:
• in perps margin,
• in lending,
• in treasuries,
Solstice stops marketing to users and starts compounding via structural demand.
That’s irreversibility.
FAILURE MODES — where Solstice can break
7/ Strategy opacity
“Delta-neutral” without transparency = trust erosion.
If users or protocols can’t model downside, they will not size up no matter the yield.
8/ Liquidity illusion
Liquidity that exists until everyone wants out is not liquidity.
If exits degrade under stress, integrations unwind, fast and reflexively.
9/ Yield chasing drift
The temptation:
• stretch risk to stay competitive,
• quietly add fragility.
Cash primitives die the moment they stop behaving like cash.
10/ Final Solstice verdict
Solstice doesn’t need to be exciting.
It needs to be boringly correct under stress.
If it is → default cash leg.
If not → another yield experiment with a long post-mortem.
❤2
Forwarded from Townhall_3webbed
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Space
Beliefs don’t scale as bets. They scale as markets.
Space
https://t.me/intodotspace
1/ Space is not “Polymarket on Solana”
That framing misses the architecture.
Space is not optimizing for bettors.
It’s optimizing for traders.
That single choice changes everything.
2/ The core insight
Prediction markets don’t fail because people don’t care.
They fail because:
• spreads are wide,
• liquidity is thin,
• capital efficiency is poor.
Space attacks this head-on.
3/ What Space is actually building
• Order-book based markets
• Continuous trading
• Leverage & margin
• Bot-friendly infrastructure
This is price discovery infra, not a novelty app.
SUCCESS PATH — how Space wins
4/ Liquidity becomes endogenous
When you support:
• market makers,
• arbitrageurs,
• bots,
liquidity shows up even when retail interest fades.
That’s how real markets persist.
5/ Leverage as a liquidity engine
Leverage isn’t about gambling.
It’s about:
• capital efficiency,
• tighter books,
• faster repricing.
Used carefully, it increases market depth, not chaos.
6/ Space as a substrate
The quiet ambition:
• bots trade probabilities,
• dashboards analyze belief curves,
• products hedge real-world risk.
Space becomes the belief layer other apps build on.
FAILURE MODES — where Space can break
7/ Resolution credibility
Every prediction market eventually lives or dies on:
• ambiguous outcomes,
• edge cases,
• disputes.
If resolution feels subjective, trust collapses instantly.
8/ Oracle / governance fragility
It doesn’t matter how good the trading engine is
if users don’t believe outcomes are enforced deterministically.
Markets price trust, not UI.
9/ Over-financialization too early
Leverage before:
• sufficient liquidity,
• robust resolution processes,
creates blowups that scare off serious capital.
Timing matters.
10/ Final Space verdict
If Space nails:
• deterministic resolution,
• trader-grade infra,
• composable market design,
it becomes the place probabilities are discovered, not guessed.
If it doesn’t, it’s just another clever interface with empty books.
The shared meta-lesson
Solstice and Space are solving different halves of the same system:
• Solstice → where capital safely waits
• Space → where beliefs get priced
If both succeed, Solana doesn’t just have DeFi apps —
it has native capital markets.
Defaults form quietly.
And once they form, they’re very hard to dislodge.
Beliefs don’t scale as bets. They scale as markets.
Space
https://t.me/intodotspace
1/ Space is not “Polymarket on Solana”
That framing misses the architecture.
Space is not optimizing for bettors.
It’s optimizing for traders.
That single choice changes everything.
2/ The core insight
Prediction markets don’t fail because people don’t care.
They fail because:
• spreads are wide,
• liquidity is thin,
• capital efficiency is poor.
Space attacks this head-on.
3/ What Space is actually building
• Order-book based markets
• Continuous trading
• Leverage & margin
• Bot-friendly infrastructure
This is price discovery infra, not a novelty app.
SUCCESS PATH — how Space wins
4/ Liquidity becomes endogenous
When you support:
• market makers,
• arbitrageurs,
• bots,
liquidity shows up even when retail interest fades.
That’s how real markets persist.
5/ Leverage as a liquidity engine
Leverage isn’t about gambling.
It’s about:
• capital efficiency,
• tighter books,
• faster repricing.
Used carefully, it increases market depth, not chaos.
6/ Space as a substrate
The quiet ambition:
• bots trade probabilities,
• dashboards analyze belief curves,
• products hedge real-world risk.
Space becomes the belief layer other apps build on.
FAILURE MODES — where Space can break
7/ Resolution credibility
Every prediction market eventually lives or dies on:
• ambiguous outcomes,
• edge cases,
• disputes.
If resolution feels subjective, trust collapses instantly.
8/ Oracle / governance fragility
It doesn’t matter how good the trading engine is
if users don’t believe outcomes are enforced deterministically.
Markets price trust, not UI.
9/ Over-financialization too early
Leverage before:
• sufficient liquidity,
• robust resolution processes,
creates blowups that scare off serious capital.
Timing matters.
10/ Final Space verdict
If Space nails:
• deterministic resolution,
• trader-grade infra,
• composable market design,
it becomes the place probabilities are discovered, not guessed.
If it doesn’t, it’s just another clever interface with empty books.
The shared meta-lesson
Solstice and Space are solving different halves of the same system:
• Solstice → where capital safely waits
• Space → where beliefs get priced
If both succeed, Solana doesn’t just have DeFi apps —
it has native capital markets.
Defaults form quietly.
And once they form, they’re very hard to dislodge.
Forwarded from Townhall_3webbed
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VIEW IN TELEGRAM
Solstice
Cash primitives win quietly or die violently
Solstice
@Solstice_TG
1/ Solstice is not a “stablecoin project”
USX is the interface.
eUSX is the product.
Solstice is building a yield-bearing collateral primitive designed to sit inside the rest of Solana DeFi.
If you frame it as “another stable,” you miss the point.
2/ The real Solstice question
Every ecosystem converges to one bottleneck:
Where does capital sit when it’s not trading?
If Solstice answers that reliably, it becomes embedded infrastructure.
If it doesn’t, it becomes a campaign artifact.
3/ The intended end-state
Best-case Solstice looks like:
• default idle capital,
• accepted collateral,
• neutral balance-sheet asset.
Not something users “choose,”
something protocols assume exists.
That’s how cash primitives win.
SUCCESS PATH — how Solstice actually wins
4/ eUSX becomes trusted collateral
• Predictable yield
• Conservative risk bounds
• Clean exit liquidity
Protocols integrate eUSX not for yield —
but because it’s safe enough to rely on.
5/ Stress-tested exits
Solstice treats volatility spikes as primary design cases, not edge cases:
• caps,
• circuit breakers,
• controlled unwind paths,
• no reflexive leverage loops.
Survivability > APY.
6/ Integration flywheel
Once eUSX is:
• in perps margin,
• in lending,
• in treasuries,
Solstice stops marketing to users and starts compounding via structural demand.
That’s irreversibility.
FAILURE MODES — where Solstice can break
7/ Strategy opacity
“Delta-neutral” without transparency = trust erosion.
If users or protocols can’t model downside, they will not size up no matter the yield.
8/ Liquidity illusion
Liquidity that exists until everyone wants out is not liquidity.
If exits degrade under stress, integrations unwind, fast and reflexively.
9/ Yield chasing drift
The temptation:
• stretch risk to stay competitive,
• quietly add fragility.
Cash primitives die the moment they stop behaving like cash.
10/ Final Solstice verdict
Solstice doesn’t need to be exciting.
It needs to be boringly correct under stress.
If it is → default cash leg.
If not → another yield experiment with a long post-mortem.
Cash primitives win quietly or die violently
Solstice
@Solstice_TG
1/ Solstice is not a “stablecoin project”
USX is the interface.
eUSX is the product.
Solstice is building a yield-bearing collateral primitive designed to sit inside the rest of Solana DeFi.
If you frame it as “another stable,” you miss the point.
2/ The real Solstice question
Every ecosystem converges to one bottleneck:
Where does capital sit when it’s not trading?
If Solstice answers that reliably, it becomes embedded infrastructure.
If it doesn’t, it becomes a campaign artifact.
3/ The intended end-state
Best-case Solstice looks like:
• default idle capital,
• accepted collateral,
• neutral balance-sheet asset.
Not something users “choose,”
something protocols assume exists.
That’s how cash primitives win.
SUCCESS PATH — how Solstice actually wins
4/ eUSX becomes trusted collateral
• Predictable yield
• Conservative risk bounds
• Clean exit liquidity
Protocols integrate eUSX not for yield —
but because it’s safe enough to rely on.
5/ Stress-tested exits
Solstice treats volatility spikes as primary design cases, not edge cases:
• caps,
• circuit breakers,
• controlled unwind paths,
• no reflexive leverage loops.
Survivability > APY.
6/ Integration flywheel
Once eUSX is:
• in perps margin,
• in lending,
• in treasuries,
Solstice stops marketing to users and starts compounding via structural demand.
That’s irreversibility.
FAILURE MODES — where Solstice can break
7/ Strategy opacity
“Delta-neutral” without transparency = trust erosion.
If users or protocols can’t model downside, they will not size up no matter the yield.
8/ Liquidity illusion
Liquidity that exists until everyone wants out is not liquidity.
If exits degrade under stress, integrations unwind, fast and reflexively.
9/ Yield chasing drift
The temptation:
• stretch risk to stay competitive,
• quietly add fragility.
Cash primitives die the moment they stop behaving like cash.
10/ Final Solstice verdict
Solstice doesn’t need to be exciting.
It needs to be boringly correct under stress.
If it is → default cash leg.
If not → another yield experiment with a long post-mortem.
Forwarded from Townhall_3webbed
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Solstice Finance — Stablecoin Shock, Controlled Recovery
USX Depeg (Dec 2025)
• Secondary-market price collapsed to ~$0.10.
• Team framed it as liquidity failure, not collateral failure — an important distinction.
Recovery Actions
• Direct liquidity injections from team + market makers.
• USX now trading ~$1.02, slightly above peg.
• Additional third-party NAV attestation requested to restore confidence.
Protocol Continuity
• YieldVault remains active.
• Delta-neutral strategy, ~13.96% historical net IRR.
• Signals confidence in balance-sheet integrity despite reputational damage.
Read: Solstice didn’t escape unscathed — but it didn’t implode either. The response was operational, not narrative-driven.
⸻
🌐 Solana Context (Early 2026)
• Institutional flows returning: Spot Solana ETFs saw $16M+ net inflows in a single day (Jan 5).
• Protocol-level scaling: The upcoming Alpenglow upgrade targets major latency and throughput gains.
• This environment favors:
• CLOB-based systems (Space)
• High-frequency, capital-efficient DeFi (Solstice)
USX Depeg (Dec 2025)
• Secondary-market price collapsed to ~$0.10.
• Team framed it as liquidity failure, not collateral failure — an important distinction.
Recovery Actions
• Direct liquidity injections from team + market makers.
• USX now trading ~$1.02, slightly above peg.
• Additional third-party NAV attestation requested to restore confidence.
Protocol Continuity
• YieldVault remains active.
• Delta-neutral strategy, ~13.96% historical net IRR.
• Signals confidence in balance-sheet integrity despite reputational damage.
Read: Solstice didn’t escape unscathed — but it didn’t implode either. The response was operational, not narrative-driven.
⸻
🌐 Solana Context (Early 2026)
• Institutional flows returning: Spot Solana ETFs saw $16M+ net inflows in a single day (Jan 5).
• Protocol-level scaling: The upcoming Alpenglow upgrade targets major latency and throughput gains.
• This environment favors:
• CLOB-based systems (Space)
• High-frequency, capital-efficient DeFi (Solstice)
Forwarded from Townhall_3webbed
Bottom Line
• Space represents offense: new market structure, new liquidity primitives, clean token economics.
• Solstice represents defense: stress absorption, balance-sheet verification, and recovery under pressure.
• Both are expressions of a maturing Solana stack — where infrastructure survives narratives, not the other way around.
• Space represents offense: new market structure, new liquidity primitives, clean token economics.
• Solstice represents defense: stress absorption, balance-sheet verification, and recovery under pressure.
• Both are expressions of a maturing Solana stack — where infrastructure survives narratives, not the other way around.
Forwarded from Townhall_3webbed
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Space — Liquidity-First Prediction Markets
Public Sale (Jan 2026)
• Raised $10.5M+, oversubscribed 423% — clear signal of latent demand for non-AMM prediction infra.
• Capital concentration mattered here: fewer, higher-conviction allocators → less post-TGE sell pressure.
Platform Architecture
• Launching with a CLOB-based market, not pools.
• 10× leverage on real-world events.
• Zero maker fees → directly attacks the core liquidity failure of legacy prediction markets.
Token Design
• $SPACE TGE follows launch.
• 50% of all protocol revenue → permanent buyback & burn
• 50% → treasury, aligning growth with long-term float reduction.
• This is not “emissions-driven liquidity” — it’s revenue-recycling liquidity.
Read: Space is positioning prediction markets as tradable financial instruments, not novelty betting apps.
Public Sale (Jan 2026)
• Raised $10.5M+, oversubscribed 423% — clear signal of latent demand for non-AMM prediction infra.
• Capital concentration mattered here: fewer, higher-conviction allocators → less post-TGE sell pressure.
Platform Architecture
• Launching with a CLOB-based market, not pools.
• 10× leverage on real-world events.
• Zero maker fees → directly attacks the core liquidity failure of legacy prediction markets.
Token Design
• $SPACE TGE follows launch.
• 50% of all protocol revenue → permanent buyback & burn
• 50% → treasury, aligning growth with long-term float reduction.
• This is not “emissions-driven liquidity” — it’s revenue-recycling liquidity.
Read: Space is positioning prediction markets as tradable financial instruments, not novelty betting apps.
Forwarded from Space
Space will host its first Chinese AMA on January 13th, which will be simultaneously live-streamed on Binance Square and X Spaces.
Kicking off our international world tour this week with only 4 days left: public.into.space
https://x.com/intodotspace/status/2010562379474493545
Kicking off our international world tour this week with only 4 days left: public.into.space
https://x.com/intodotspace/status/2010562379474493545
X (formerly Twitter)
Space (@intodotspace) on X
1 月 13 日晚上 7:00（UTC+8），Space 将举办首场中文 AMA，并将同步直播于 Binance Square 与 X Spaces。
本场直播将由 @Moon1ightSt 主持，嘉宾包括 @UnicornBitcoin、@Crypto_He、@Meta8Mate 以及 @Jtsong2 一同参与，共同深度探讨预测市场的未来，以及 Space 如何重新定义这个赛道。
本场直播将由 @Moon1ightSt 主持，嘉宾包括 @UnicornBitcoin、@Crypto_He、@Meta8Mate 以及 @Jtsong2 一同参与，共同深度探讨预测市场的未来，以及 Space 如何重新定义这个赛道。
Free Tonso Airdrop is LIVE on Telegram (@tonsoai)
Tonso just launched a multi-partner airdrop campaign where users earn Points + BUZZ by completing simple quests.
💰 Over $1M in total rewards are allocated across Tonso’s ecosystem partners:
• Vault777 Casino — 0.5% $VAULT + 1,000 BUZZ
• Solstice — 0.25% $SLX + 1,000 BUZZ
• Tria — $50,000 $TRIA + 1,000 BUZZ
• Space — $50,000 $SPACE + 1,000 BUZZ
• Multiplifi — 0.0024% $MLTI + 1,000 BUZZ
• Tonso — 10,000 BUZZ
🧠 Why this matters
• Early-stage participation
• Partner-heavy reward pool (not single-token)
• Low-effort quests, asymmetric upside
If you haven’t joined yet, this is still a solid early opportunity.
👉 Join here: @tonsoai
Tonso just launched a multi-partner airdrop campaign where users earn Points + BUZZ by completing simple quests.
💰 Over $1M in total rewards are allocated across Tonso’s ecosystem partners:
• Vault777 Casino — 0.5% $VAULT + 1,000 BUZZ
• Solstice — 0.25% $SLX + 1,000 BUZZ
• Tria — $50,000 $TRIA + 1,000 BUZZ
• Space — $50,000 $SPACE + 1,000 BUZZ
• Multiplifi — 0.0024% $MLTI + 1,000 BUZZ
• Tonso — 10,000 BUZZ
🧠 Why this matters
• Early-stage participation
• Partner-heavy reward pool (not single-token)
• Low-effort quests, asymmetric upside
If you haven’t joined yet, this is still a solid early opportunity.
👉 Join here: @tonsoai
Forwarded from Townhall_3webbed
What keeps standing out to me about @solsticefi_tg is how mechanical the returns look.
They’ve been running essentially the same delta-neutral strategy since Jan 2023, and are still showing a 12-month Sharpe of 8.09 with zero negative months.
That doesn’t come from timing markets — it comes from a structural edge.
The yield isn’t a single source. It’s built from three rotating return pipes, activated based on market conditions:
1️⃣ Funding rate arbitrage
Short perps, hold spot, collect funding.
2️⃣ Hedged staking
Earn staking yield while neutralizing price exposure.
3️⃣ Tokenized T-Bills
On-chain U.S. Treasuries providing baseline carry.
None of this depends on SOL or ETH going up.
It’s about spreads, funding, and carry inefficiencies — and how long those remain mispriced as real size moves through the system.
That’s why Solstice is worth watching heading into a volatile 2026 market.
Not directional. Structural.
$SLX
They’ve been running essentially the same delta-neutral strategy since Jan 2023, and are still showing a 12-month Sharpe of 8.09 with zero negative months.
That doesn’t come from timing markets — it comes from a structural edge.
The yield isn’t a single source. It’s built from three rotating return pipes, activated based on market conditions:
1️⃣ Funding rate arbitrage
Short perps, hold spot, collect funding.
2️⃣ Hedged staking
Earn staking yield while neutralizing price exposure.
3️⃣ Tokenized T-Bills
On-chain U.S. Treasuries providing baseline carry.
None of this depends on SOL or ETH going up.
It’s about spreads, funding, and carry inefficiencies — and how long those remain mispriced as real size moves through the system.
That’s why Solstice is worth watching heading into a volatile 2026 market.
Not directional. Structural.
$SLX
🔥1
Forwarded from Townhall_3webbed
Solstice anchors capital in a low-noise state.
Space lets that capital express belief only when signal exceeds entropy.
No hype loops.
No reflexive liquidation cascades.
Just capital moving after uncertainty resolves — not before.
This is what markets look like when truth is enforced in code, not sentiment.
Space lets that capital express belief only when signal exceeds entropy.
No hype loops.
No reflexive liquidation cascades.
Just capital moving after uncertainty resolves — not before.
This is what markets look like when truth is enforced in code, not sentiment.
Forwarded from Townhall_3webbed
Markets didn’t fail because prices were wrong.
They failed because states weren’t legible.
Prediction markets answer what will happen.
But most capital is lost before that question even matters.
The real edge is knowing:
• when a market is measurable
• when it’s still in superposition
• and when participation itself collapses the outcome
That’s the layer Space is quietly building.
Space isn’t just about outcomes — it’s about when an outcome is allowed to exist.
Solstice doesn’t just provide yield — it provides a stable execution surface for that measurement.
Together, they form something subtle but powerful:
A market that knows when it’s ready to be observed.
Website: into.space
Docs: docs.into.space
X/Twitter: x.com/intodotspace
Telegram: t.me/intodotspace
They failed because states weren’t legible.
Prediction markets answer what will happen.
But most capital is lost before that question even matters.
The real edge is knowing:
• when a market is measurable
• when it’s still in superposition
• and when participation itself collapses the outcome
That’s the layer Space is quietly building.
Space isn’t just about outcomes — it’s about when an outcome is allowed to exist.
Solstice doesn’t just provide yield — it provides a stable execution surface for that measurement.
Together, they form something subtle but powerful:
A market that knows when it’s ready to be observed.
Website: into.space
Docs: docs.into.space
X/Twitter: x.com/intodotspace
Telegram: t.me/intodotspace
X (formerly Twitter)
Space (@intodotspace) on X
Space Prediction market on @solana The arena where truth wins, capital flows, and minds compete. Trade, stack reward points, and win more when you’re right.
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