@manners
Solstice × Exponent × Loopscale
Unlocking Liquidity & Capital Efficiency on Solana
Here’s a simplified look at how the ecosystem is enabling more flexible capital deployment:
1️⃣ USX ONE Vault
A risk-managed vault operated by third-party specialists. Deposited assets are supplied into Loopscale markets to generate borrower yield (~0.55% APY, variable). Users can withdraw instantly (with a small fee) or choose a queue option.
2️⃣ Loop PT-USX-01JUN26
Fixed yield exposure using PT tokens.
• Base PT yield around ~6.7% APY
• Up to 5× leverage via Loopscale (rates vary)
• Automated borrowing and swapping for additional PT exposure
• 1 PT = 1 USX at maturity, with optional early exit depending on market pricing
Note: PT-USX-09FEB26 has matured positions may migrate to newer PT-USX or USDC markets.
3️⃣ Borrow Against ELP-USX
LP tokens can be used as collateral to unlock liquidity while still earning LP fees.
• Borrow USX (~3.5% APY, variable)
• Advanced users may apply manual looping strategies.
⚠️ Risk Considerations
Higher capital efficiency comes with trade offs: smart contract risk, liquidation risk, and changing liquidity or yield conditions. Understanding each layer of the stack is key before participating.