strcUSX is live in YieldVault. It takes Strategy’s STRC dividend stream and brings it onchain through Solstice. STRC pays around 12%. strcUSX splits it: Senior gets paid first and targets ~7%. Junior takes first-loss risk and targets ~20%, variable. Simple structure. Same cash flow. Different risk. I’m watching deposits here. The key number is not only APY. It is how much real yield can move through Solana over time.
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