It's incredible that @solsticefi, against rough market conditions, has stayed over $200M FDV.
That said, there are a few things they have going for them that may explain the strong valuation (aside from just good market makers).
➢ USDai-like product coming soon
➢ STRC product coming out soon
➢ Tranching infrastructure that can tranche any yield
And Solana defi, in spite of the absolutely sinister, heinous, disgusting, degenerate, etc vibe that Pump brought to it, is quickly becoming one of the best places for stablecoin farming.
Well done, Solstice lads; happy to be an ambassador for you all.
