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.
#7189 Solid
SOLID
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Price of 1 Solid today (4 October)
$ 1.002
Market Cap
Trading Volume, 24h
$ 125.6
-73%
Dominance
0.0000014%
In circulation SOLID
44 299.27
Price Min/Max
24 hrs
$ 0.9919
$ 1.01
30 days
$ 0.929
$ 1.1
1 year
$ 0.34
$ 1.22
Exchanges where SOLID is traded
| Exchange | Pair | Price | Volume, 24h | ||
|---|---|---|---|---|---|
| 1 |
Astroport (Terra)
1.0
|
SOLID/ULUNA |
$ 0.99907
ULUNA 19.48
spread 0.61%
|
$ 1108h ago | Buy |
Calculator SOLID
1 SOLID = 1.002 USD
Developer activity
solid-online
What is Solid?
Official websites and links for Solid
There are currently about 4 official links to Solid websites and social media:
- Website - solidcapa.com
- Twitter - twitter.com/solid_capa
- Facebook - facebook.com
- GitHub - github.com/solid-online