Rank #17530
solid Solid
$ 0
0 BTC
0 satoshies
Market Cap
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24 Hour Trading Vol
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Circulating Supply
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Total Supply
68,77 BN.
Max Supply
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Fully Diluted Valuation
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Info
1h
24h
7d
1m
1y
max
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Solid Price Statistics
0 $
#17530
Solid Performance
Trading Pair
day
week
month
solid
/
usd
0 %
0 %
0 %
solid
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btc
0 %
0 %
0 %
solid
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eth
0 %
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About Coin
SOLID is both the name of the protocol and the over-collateralized stablecoin it issues, built on the Terra (Phoenix) blockchain. The protocol requires all collateral ratios (LTV) to exceed 100%, ensuring stability by preventing over-minting. Through the SOLID app, users can deposit a mix of Terra LSTs, axl.wBTC, USDC, and other supported assets — currently seven collateral types — to mint SOLID and repay it anytime. Unlike many lending protocols that accrue interest, SOLID only charges a one-time mint fee with no ongoing interest, making it a cost-efficient option. If collateral LTV falls below its threshold, liquidation occurs, with a built-in premium bid function in the dApp allowing users to bid on collateral and repay SOLID, which is then burned to reduce supply. The protocol allows for temporary deviations below $1 without triggering liquidation, using mint-fee adjustments to regulate supply.
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