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.
Where is Solid available for purchase?
You can exchange SOLID tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Solid is Astroport (Terra), notably the SOLID/SOLID pair, which saw a trading volume of $ 639.5 in the past day.
What is the highest value Solid (SOLID) has ever reached?
Solid (SOLID) reached its peak price at 1.093 $ on 15 September 2025, approximately 18 days ago ago. Presently, the current price is -8.32% lower than this all-time high.
What is the historical minimum price for Solid (SOLID)?
The minimum price reached for Solid (SOLID) was 0.9824 $, documented on 14 September 2025, more than 19 days ago. In comparison, the current price is 1.98%, it above this historical low.
What is the fully diluted valuation of Solid (SOLID)?
The fully diluted valuation (FDV) of Solid (SOLID) stands at $ 84,015. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SOLID tokens. The realization of this FDV might take several years depending on the emission schedule of SOLID tokens.