 Solid                        SOLID
                    
                        Solid                        SOLID
                    
                
            SOLID
                    0.9542
                        $
                    
                            
                            1.83 %                        
                        Change 24h
                    Market Cap
                $ 77,341
            Volume 24h
                $ 993.06
            Circulating Supply
                81,051
            Total Supply
                68,773,969,682
            SOLID
                            
                        $
                        | # | Exchange | Pair | Price | Volume 24h | 
|---|
Description
	        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.