According to TechFlow, Deus X Capital, a $1 billion investment and operating company led by Tim Grant, announced the launch of its DeFi business Solstice Labs.
Solstice Labs is committed to building institutional-grade DeFi products and protocols for all investors. Its first project is a protocol that provides enhanced yield opportunities and is expected to go live in early 2025.
The protocol will be developed on the Solana blockchain and is expected to have a total locked value (TVL) of more than $100 million at launch, with the majority of the investment coming from Deus X Capital.
Solstice Labs will work closely with Deus X Capital portfolio companies Cor Prime, a prime broker, and Alpha Lab 40, a proprietary trading firm.
