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SLX plans to launch at around $130M FDV and aims to raise $4M in presales. If it can stay above $100M FDV at least one day after launch, that's a solid position for Polymarket to me.
Most ICOs fail because they overpromise but fail to deliver accordingly after launch. The real question is whether Solstice Finance can break this pattern. I am optimistic, but execution is the last thing.
According to data, Solstice raised $757k in just 2 days. @solsticefi USX is already Solana's 5th largest stablecoin. The protocol is generating around $1M in revenue per month and has distributed over $1.3M in yield to eUSX holders. Such performance at the pre-TGE stage is truly eye-catching.