📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Solstice Labs will launch the yield-bearing synthetic stablecoin USX on Solana this summer.
PANews, April 29 news, according to The Block report, Solstice Labs, supported by the cryptocurrency investment institution Deus X Capital, announced that it will launch a yield-generating synthetic stablecoin USX and a native staking protocol on the Solana Blockchain this summer. USX achieves delta-neutral returns through arbitrage and staking strategies, fully collateralized by USDT and USDC to maintain its peg, and holders can seamlessly access the YieldVault protocol with a total lock-up position of 100 million USD. Currently, the stablecoin market on the Solana blockchain accounts for more than 5% of the total $238 billion in the network, but there is a lack of fiat-pegged coins designed specifically for passive income. The CEO of Solstice Labs stated that USX aims to transparently provide retail and institutional users with yield opportunities that are typically exclusive to institutions in traditional DeFi.