Solid
SOLID#6537
$1.03
24H +0.2%7D +1.4%30D +3.4%
BLOCKINSIDERLoadingALL price · Live market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Astroport (Terra) | IBC/2C962DAB9F57FE0921435426AE75196009FAA1981BF86991203C8411F8980FDB/TERRA10AA3ZDKRC7JWUF8EKL3ZQ7E7M42VMZQEHCMU74E4EGC7XKM5KR2S0MUYST | $1.94K | 0.61% | TRADE | |
| Astroport (Terra) | TERRA10AA3ZDKRC7JWUF8EKL3ZQ7E7M42VMZQEHCMU74E4EGC7XKM5KR2S0MUYST/ULUNA | $856.47 | 0.63% | TRADE |
Top 2 exchanges by 24h trading volume. BlockInsider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
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..
No comments yet
Be the first to share your take when accounts launch.