Will Canny is a finance reporter at CoinDesk.n
The company's first project will be a protocol that offers all investors enhanced yield opportunities.Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance business, the company said in a press release on Friday.
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. "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.
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