STRCx — Strategy STRC Preferred tokenized stock yield
STRCx is the xStocks token that tracks Strategy STRC Preferred on Solana, and it currently pays through 5 of the five channels this page tracks. The headline is the delta-neutral funding position — hold STRCx spot, short the STRC perp on Binance — currently negative after fees (-10.43%) — not a trade today, and this page says so rather than hiding the row. Lending it on Kamino pays +0.00% plus xPoints. The STRCx/USDC pool on Raydium earned +0.67% in fees over the last seven days on $649.20K of liquidity. Pendle will lock +20.1% fixed until Aug 27. Underneath it all, Strategy STRC Preferred pays a +12.00% dividend, which xStocks reinvests as more tokens.
The funding leg
Earning on STRC — without the price risk.
The position: buy STRCx here (spot, in your own wallet), short the same size of STRC perp on Binance. The stock's moves cancel between the two legs; what is left is the funding the short collects — plus the dividend the spot side keeps reinvesting. Right now that nets -10.43%annualized after both venues' taker fees at a seven-day hold.
| Venue | Funding / period | 8h basis | Annualized | Open interest |
|---|---|---|---|---|
 Aster | +0.0000%every 8h | +0.0000% | +0.0% | $39.17K |
 Binancethe short leg | +0.0000%every 8h | +0.0000% | +0.0% | $953.08K |
 Bitget | +0.0000%every 4h | +0.0000% | +0.0% | $2.10M |
 Lighter | +0.0000%every 1h | +0.0000% | +0.0% | $1.72M |
A positive rate means longs pay shorts — the delta-neutral position collects it. Rates are each venue's own funding period, restated on an 8-hour basis so they compare; funding is a floating rate and can flip before it has paid the fees back. The full funding read on the underlying is on the STRC coin page.
The lending shelf
Where STRCx lends — and what it pays to sit there.
Deposit STRCx into a lending market and it earns supply APY while staying withdrawable — and usable as collateral to borrow against. On Kamino, xStocks deposits also earn xPoints on top of the rate. Prefer the quote side? USDC supplied to the same xStocks market pays +3.80%.
| Market | Supply APY | Borrow APY | Max LTV | Supplied |
|---|---|---|---|---|
Kamino ↗strcx market | +0.00% | +0.01% | 50% | $895.63K |
Supply rates float with utilization — a market where borrowing picks up pays more, then less. Lending is smart-contract risk on top of the token itself; the supplied column is the size already trusting each market.
The pools
LP fees on STRCx — paid for holding both sides.
Provide STRCxand the quote asset to a Raydium pool and every swap through it pays you its fee. The APR below is what the pool's fees actually earned, not a projection.
| Pool | TVL | Fee tier | APR 24h | APR 7d |
|---|---|---|---|---|
STRCx/USDC ↗Raydium | $649.20K | 0.10% | +2.05% | +0.67% |
STRCx/USDC ↗Raydium | $94.68K | 0.20% | +21.45% | +5.25% |
STRCx/USDC ↗Raydium | $5.45K | 2.00% | +0.00% | +0.00% |
LP is not a free yield: when STRCx moves against the quote asset the pool rebalances against you (impermanent loss), and a fee APR earned on a thin pool can vanish when the volume does. TVL is the honest context for the rate next to it.
The fixed rate
Locking the yield — Pendle's number for STRCx.
Pendle splits a yield-bearing token into principal and yield. Buying the principal side (PT) at its discount is what fixes the rate: hold it to Aug 27 and the discount closing is your return — +20.1% annualized, known on the day you enter. This market lives on Ethereum, against the ERC-20 twin of the Solana token.
Selling before expiry reopens rate risk — the fixed number is only fixed if you hold to the date. The other side of the same market (YT) is the leveraged bet that the floating yield beats it.
FAQ
STRCx, answered
What yield does STRCx pay right now?
Through 5 channels: delta-neutral funding at -10.43% net APR (short the perp on Binance); lending at +0.00% on Kamino with xPoints; Raydium LP fees at +0.67% 7-day APR in STRCx/USDC; a +20.1% fixed rate on Pendle to 2026-08-27; a +12.00% dividend auto-reinvested as more tokens. Every number is live from the venue quoting it and refreshes with the page; the routes to act on each are one click away above.
What is STRCx?
STRCx is a tokenized stock from the xStocks program: an SPL token on Solana that tracks Strategy STRC Preferred (STRC), backed one-for-one by the underlying shares held by the issuer. It trades around the clock on Solana venues even when the stock market is closed, and dividends the underlying pays are reinvested as additional tokens rather than paid out. Its mint address is Xs78JED6PFZxWc2wCEPspZW9kL3Se5J7L5TChKgsidH.
How does the delta-neutral yield on STRC work?
Hold STRCx spot and short the same size of STRC perpetual on Binance. The two legs cancel the stock's price moves, so what remains is the funding rate the short side collects — currently -10.43% annualized net of both venues' taker fees at a seven-day hold. Funding floats: it can compress or flip sign, which is why the venue table on this page shows every quote, not just the best one.
Where can I lend STRCx, and what does it pay?
Kamino pays +0.00% supply APY on $895.63K already supplied. Kamino deposits also earn xPoints. If you would rather lend the quote side, USDC in the same xStocks market pays +3.80%. Deposits stay withdrawable and can be used as collateral to borrow against.
Can I get a fixed rate on STRCx?
Yes — Pendle quotes +20.1% fixed to 2026-08-27, by buying the principal token (PT) at a 1.84% discount and holding it to expiry. The market lives on Ethereum against the ERC-20 twin of the Solana token, with $872.60K of liquidity. The rate is only fixed if held to the date — selling early reopens rate risk.
What are the risks of earning yield on STRCx?
Each channel carries its own. The delta-neutral position hedges price but not a funding flip or a venue failure; lending and LP add smart-contract risk, and LP adds impermanent loss when STRC moves against the quote asset; a Pendle fixed rate is only fixed when held to expiry. Underneath all of them sits the token itself: STRCx is an issuer-backed wrapper, so you hold issuer and custody risk that a plain share does not have. Nothing on this page is investment advice — it is the live numbers, side by side.