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Kamino Brings Strategy’s <a href="https://minority-mindset.com/btc-usd/">Bitcoin</a>-Linked STRCx to DeFi

Key Highlights

  • STRCx, the tokenized version of Strategy’s Stretch preferred stock, launched on Kamino Finance.
  • Users can earn auto-compounded yield and borrow against STRCx collateral.
  • The token is backed 1:1 by underlying preferred shares held with a regulated custodian.

STRCx, a token representing preferred stock in Strategy’s Stretch, is now available for lending on Kamino Finance. Kamino Finance is a decentralized finance platform built on the Solana blockchain.

Payward created a new stock, $STRCx, which is a digital representation of their traditional Stretch stock ($STRC) that trades on the Nasdaq. This is the first time this asset is available for lending on the Kamino platform, as announced on Thursday.

STRCx is now available on Kamino! You can now supply and use Strategy’s Stretch perpetual preferred stock (STRC) as collateral. This new STRCx Market is the first lending market for STRCx on Solana, making this institutional-quality asset accessible on the blockchain.

— Kamino (@kamino) May 28, 2026

Chainlink manages the pricing architecture 

STRCx tokens are fully backed by preferred shares held securely with a trusted custodian. The tokens automatically reinvest monthly dividends, increasing holdings over time.

On Kamino, you can stake STRCx tokens to earn an automatically compounding 11.5% annual return. You can also borrow against your STRCx as collateral, with a maximum loan size of 67% of the collateral’s value. This provides 2x leverage, and your collateral will be liquidated if its value drops to 80%.

The market operates with its own separate risk settings – like how much collateral is needed, at what price assets are sold during liquidation, and how data is received – and isn’t controlled by the main Kamino lending system. Pricing for STRCx is handled using a system developed with Chainlink.

This platform gathers data from traditional U.S. stock exchanges, not directly from cryptocurrency markets. It constantly tracks market conditions and identifies outdated or inaccurate prices, especially during disruptions like outages, halts, or sudden price swings. Any prices that significantly differ from recent closing prices are automatically excluded.

Strategy uses preferred stock to expand Bitcoin holdings 

Strategy’s preferred stock, ticker symbol $STRC, pays a yearly dividend of 11.5% on its $100 face value, distributed monthly in cash. Since its launch in July 2025 with a 9% yield, the dividend has been increased seven times in a row.

With the Bitcoin market becoming more stable, the approval of Bitcoin ETFs, and increased interest from large institutions, our previous method of converting assets became less useful. Additionally, creating more common stock would reduce the ownership percentage of existing shareholders. Perpetual Preferred stock allowed us to raise the necessary funds to buy Bitcoin without taking on fixed debt obligations or diluting current shareholders’ investments.

STRC splits Bitcoin exposure between investor groups 

The STRC divides investment in the Bitcoin market into two groups. Preferred stockholders receive fixed returns, while common stockholders benefit from any increase in Bitcoin’s price.

This new type of security, called “Digital Credit,” is backed by Bitcoin holdings from companies, rather than traditional cash flow.

It’s important to understand that STRC isn’t actually supported by Bitcoin itself. It remains a type of stock whose value depends on how well Strategy, the company, is doing and its ability to operate in financial markets.

Risks associated with the project

Kamino’s launch of the STRCx market aims to bring assets that earn rewards into the DeFi space. Users can stake these assets as collateral to borrow from the platform and simultaneously earn dividends on their stake.

As with any platform offering tokenized securities and DeFi lending, users face certain risks. These include the possibility of issues with the project itself, flaws in the underlying computer code, unreliable data feeds, and the often unpredictable nature of stock and cryptocurrency markets.

This creates another connection between traditional financial systems and the decentralized world of finance, specifically on the Solana network.

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2026-05-28 20:22