Solid
SOLID #6625Project Safety Score: 46%
Updated 3 days, 19 hours agoSOLID 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.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
