Deus X Capital launches decentralized finance (DeFi) business Solstice Labs today. Tim Grant, CEO of Deus X Capital, will serve as co-founder and chairman of the company. Solstice Labs stated that it is building institutional-grade DeFi products and protocols for use by all investors. Deus X indicated that the first project of this business is a protocol that offers enhanced yield opportunities, expected to go live in early 2025. The protocol will be developed on the Solana blockchain, and the expected total locked value (TVL) at launch will exceed $100 million, with substantial investment from Deus X Capital. Established in October of last year, Deus X Capital has an asset size of $1 billion, including existing investments and capital awaiting deployment. [img] Link to the original article: https://www.coindesk.com/business/2024/09/20/crypto-investment-firm-deus-x-cap… Note: All articles published by Bitui represent the author’s views and do not constitute investment advice. DeFi Deus X Capital Solstice Labs Related News The fate of the big institutions, or the trap of leeks? – An exploration of the controversy over the Trump family’s DeFi project Cryptocurrency Spring Strikes, Solana Ecological Revival Beyond short-term token speculation, what sustainable projects should we focus on? The madness and rationality of the bull market: do not forget risk management in the market boom, set longer-term goals Chainalysis: Cryptocurrency regulatory trends and DeFi potential in the Middle East and North Africa
