Reflect is a synthetic currency exchange protocol on Solana, designed to unlock delta-neutral yield from liquid staking tokens (LSTs). By capturing both native staking yield and perpetual funding yields, Reflect delivers a high-yield, dollarized product accessible worldwide with instant settlement. Its “software-as-a-stablecoin” infrastructure powers USDC+, a liquid, yield-bearing stablecoin minted against curated DeFi strategies such as basis trades. Each strategy is protected by an on-chain insurance pool sourced from Jito-restaked assets, ensuring resilience and transparency.