Solid SOLID
Rank #6478$1.01
-0.32%
CoinGecko · just now
24h
-0.32%
7d
+0.79%
30d
+2.43%
1y
+0.00%
Solid Statistics
- Market Cap
- $67,961
- 24h Volume
- $7,426
- 24h High
- $1.04
- 24h Low
- $1.01
- Circulating Supply
- 66,945.712 SOLID
- Max Supply
- Unlimited
- All-Time High
- $1.16
- All-Time Low
- $0.3427
About Solid
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.
Frequently Asked Questions about Solid
What is Solid (SOLID)?
Solid (SOLID) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $67,961, making it one of the notable digital assets in the crypto market.
What is the current price of Solid?
The current price of Solid (SOLID) is $1.01. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy Solid?
You can buy Solid (SOLID) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is Solid a good investment?
Whether Solid is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
