eUSX (Solstice)

4.07%

Current APY

—

7D avg

—

30D avg

$4.8M

Issued (TVL)

$829K

DEX Liquidity

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Strategy overview

Hold eUSX, a yield-bearing stablecoin issued by Solstice. Its value or balance grows as the issuer's underlying assets generate returns.

Moderate risk · Grade C

38/100

eUSX's backing carries more risk than plain cash reserves — synthetic-backed.
Selling in a hurry could move the price — eUSX: ~$829k DEX depth.
Mid-size issuer — less cushion than the largest stablecoins (~$209.3M market cap).

Strategy

risk 20/100

Strategy type15
More complex strategy type.
Leverage0
No leverage.
Yield source50
Yield comes from a market-neutral trading strategy.
Pool usage0
Not a utilization-driven product.
Pool size0
Token hold — no pool.
Lock-up & yield stability0
30d APR volatility 2.0pp.

What can go wrong

Depeg risk: the token can trade below $1 if the issuer's backing or strategy comes under stress.
Exit depends on DEX liquidity — thin liquidity means more slippage when swapping back to USDC.
Yield and peg both depend on the issuer; many of these are off-chain RWA or synthetic-dollar issuers (see the protocol notes below).

The assets

risk 49/100

What your deposit is held in, and how steady its value is.

eUSX

Backing model60
eUSX: synthetic-backed.
Peg history · no data30
No peg history accrued yet (eUSX).
Issuer size48
eUSX: ~$209.3M market cap.
Exit liquidity52
eUSX: ~$829k DEX depth.
Token age52
eUSX: live since 2025.
Freeze authority0
No freeze authority on the underlying tokens.

About eUSX

Each asset in this position — what it is, how reliable it is, and any past depegs.

eUSXStaked USXYield-bearing stable

Some Risk

By Solstice. Staked form of Solstice's USX (backed 1:1 by USDC/USDT); accrues yield from delta-neutral trading strategies. · Live since 2025

·Yield-bearing — price is designed to drift upward, so it has no fixed $1 peg.
·Price volatility: 0.02% (30d).
·Small market cap — thinner liquidity amplifies price moves.

Volatility (7d): 0.0096%DEX liquidity: $829K

Audited: Yes — Halborn (contracts); Accountable proof-of-solvency

Past depeg events

▼ $0.10 · 2025-12-26 — Tracks USX, which crashed to ~$0.10 on Solana DEXs on 2025-12-26 from a secondary-market liquidity drain (the token stayed over-collateralized) before recovering to ~$0.99 the same day. source

3Thd…p1WC

Token notes & warnings

Low activity — This token has low organic activity
Mintable — The authority's owner has the ability to mint more tokens

Who runs it

Solstice X Docs DefiLlama

risk 30/100

The team and protocol behind this, and their track record.

Issues the USX dollar and yield-bearing eUSX, generating yield from delta-neutral trades (long spot hedged with short perpetuals).

Admin controls40
Documented EVM multisig/timelock governance (off-Solana).
Exploit history0
No known exploits.
Track record49
Live for ~22 months.
Price feeds0
Multiple robust price feeds (Chainlink, Pyth).
Scale8
$209.3M TVL — limited adoption so far.
Safety reserves · no data40
No disclosed treasury/insurance backstop.
Bug bounty · no data30
No bug bounty on record.
Audits20
Audited (Halborn).

How we rate risk

Stablecoin strategies get a 0–100 risk score (lower is safer) built from three areas — Protocol (audits, incident history, track record and admin controls), Strategy (leverage, lock-ups, pool size and yield source) and Asset (the token's peg record, backing, and exit liquidity) — weighted by strategy type — and the weakest area can push the overall number higher (riskier) on its own. The score maps to a grade: A ≤ 22, B ≤ 35, C ≤ 50, D ≤ 70, E above. Grades compare opportunities within our stablecoin catalog — an A is the strongest thing we list (blue-chip stablecoin lending), not a promise of safety. Live events (an active depeg, a reported exploit, a sharp deposit outflow) override the score immediately. Where we lack data, the factor says so and scores cautiously. Non-stablecoin opportunities are not rated. A comparison aid, not advice.

Risk levels are Akashi's own assessment to help you compare opportunities — not financial advice or a safety guarantee. Every DeFi position carries smart-contract and market risk.

Non-custodial · Akashi never holds your funds