what's Reflect Money?
Reflect Money is a decentralized finance protocol built on the Solana blockchain, designed to create autonomous, yield-bearing stablecoins. It enables users and applications to issue interest-bearing USD equivalents, such as USDC+, by tokenizing on-chain DeFi strategies without requiring users to lock up funds or sacrifice liquidity. The protocol automates delta-neutral strategies to generate yield while maintaining stability and decentralization, integrating seamlessly with insurance mechanisms for enhanced capital efficiency. At its core, Reflect operates as "software as stablecoin" infrastructure, where deposited USDC is converted into USDC+ that accrues interest from automated DeFi positions. This non-custodial model allows instant minting and redemption, supporting applications in payments, lending, and trading. By leveraging Solana's high-performance network, Reflect aims to address the limitations of traditional stablecoins in the yield era, fostering broader adoption in internet capital markets.
Reflect Money ended Season 1, partnered with Exponent for Season 2 PT/YT trading on Solana.
Has a live point system (RPs) where users earn points through app usage, competing with others, sharing achievements, and unlocking rewards.
Beta version went live
Ends Season 1 and partners with Exponent for PT and YT trading in Season 2 on Solana.
Launched PT/YT token.
Gets integrated into Titan.
USDC+ currently functions only as a drift lend wrapper and has not yet implemented its advertised cross margin farming functionality.
Alpha access for USDC+ hits $10M cap in under 6 hours with 4K+ organic contributors participating.
Alpha launch achieved $10M cap in under 6 hours with 4K+ contributors, all organic growth.
USDC+ alpha achieves $10M cap in a day.
Alpha version launches live on Solana.
Over 22,000 users have registered for the alpha version, and deposits will open soon.
Launches USDC+, a yield-bearing stablecoin product.
Announces $3.75M funding round led by a16z crypto for their capital efficient stablecoin yield protocol on Solana, with waitlist now open.