- Solstice launched SLX staking with stSLX, offering a 20% base APY funded by the treasury.
- SLX price witnesses a short-term recovery trendline amid the formation of a rising wedge pattern in the daily chart.
- The traditional pivot level shows $0.261 and $0.3 as immediate resistance of SLX, while the potential support zone lies at $0.190 and $0.157.
SLX, the utility token of the Solstice, is up roughly 15% ahead of Wednesday’s U.S. market hours to trade at $0.221.The primary catalyst behind this surge is the recent official token launch and simultaneous listings on major crypto exchanges. The coin price gained additional momentum, as the protocol dropped an immediate utility to this new token, allowing users to stake SLX tokens and receive stSLX, offering a base yield of 20% APY.
Solstice Boosts SLX Utility with stSLX Staking at 20% Base APY
Solstice is a Solana-native DeFi protocol that serves as the on-chain Yield Layer. It makes complex yield strategies easy to ...
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