-
Deus
X
Capital
today
launched
decentralized
finance
business
Solstice
Labs. -
The
company’s
first
project
will
be
a
protocol
that
offers
all
investors
enhanced
yield
opportunities. -
The
protocol
will
be
built
on
the
Solana
ecosystem
and
is
expected
to
go
live
in
early
2025.
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Deus
X
Capital,
the
$1
billion
investment
and
operating
company
led
by
Tim
Grant,
today
launched
Solstice
Labs,
a
decentralized
finance
(DeFi)
business,
the
company
said
in
a
press
release
on
Friday.
Solstice
Labs
is
building
institutional-grade
DeFi
products
and
protocols
that
will
be
available
to
all
investors,
the
company
said.
The
business’
first
project
is
a
protocol
that
offers
enhanced
yield
opportunities,
and
is
expected
to
go
live
in
early
2025,
Deus
X
said.
It
aims
to
deliver
stable
and
consistent
yields
for
investors,
Ben
Nadareski,
co-founder
and
CEO
of
Solstice
Labs,
told
CoinDesk
in
an
interview,
and
in
a
democratized
fashion,
as
all
users
will
have
the
same
access
to
this
yield
generating
opportunity
on
the
Solstice
protocol.
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.
Nadareski,
who
is
currently
an
investment
director
at
Deus
X
Capital,
is
co-founder
and
CEO
of
Solstice
Labs.
Tim
Grant,
CEO
of
Deus
X
Capital
will
be
co-founder
and
chairman
of
the
company.
Stuart
Connolly,
chief
investment
officer
at
Deus
X
and
CEO
of
Alpha
Lab
40,
is
to
join
the
firm
as
chief
investment
officer
and
co-founder.
“Many
DeFi
products
and
protocols
have
been
built
using
exceptional
technology
stacks
like
we
have
seen
with
Solana
but
have
largely
been
overlooked
for
institutional
applications,”
said
Nadareski,
in
the
release.
“This
presents
a
huge
opportunity
to
introduce
institutional-grade
yield-opportunities
and
infrastructure
into
DeFi
which
will
allow
for
a
far
broader
range
of
investment
participation,”
he
added.
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,
and
the
company
plans
to
address
the
supply/demand
imbalance
for
leverage
in
the
crypto
market.
Deus
X
Capital
launched
in
October
last
year
with
$1
billion
of
assets,
including
existing
investments
and
capital
to
be
deployed.
