Solid

Solid is a Stablecoin Super-App designed to simplify DeFi yield generation. Users deposit USDC, which is automatically converted into soUSD, a yield-bearing token that accrues interest over time. Solid abstracts away complex DeFi steps like staking, bridging, and gas management, offering a straightforward “deposit-and-earn” experience through a non-custodial interface.

How It Works

When you deposit USDC into Solid, your funds are converted to soUSD. This token represents your claim on underlying DeFi strategies managed by Solid. As the strategies generate yield, the exchange rate of soUSD increases—your balance remains the same, but each soUSD becomes worth more in USD terms. You can redeem soUSD back to USDC at any time through the app.

Solid Benefits

• Automatic Yield: Earnings accrue continuously without requiring manual staking or compounding.
• Stablecoin-Based Returns: Interest is reflected directly in soUSD value growth, not through separate reward tokens.
• Composability: soUSD can be used across other DeFi protocols for lending, swapping, or collateral.
• Transparency: Vaults and strategies used by Solid are visible on-chain, with real-time data available through the platform.
• Non-Custodial Control: Users retain ownership of their wallet and assets at all times.

Solid Card

Coming soon, Solid Card is a crypto card that allows you to spend with Visa and earn 2% cashback on every purchase. Non-custodial, secure by design, and ready to use with Apple or Google Pay.

Risks and Considerations

While Solid aims to deliver consistent passive income, users should recognize that yield depends on the performance of decentralized protocols and market stability. Smart contract vulnerabilities, stablecoin depegging, or strategy underperformance could impact returns. soUSD is not a fixed 1:1 stablecoin—it represents a yield-bearing share in Solid’s vault, meaning its value may fluctuate slightly relative to USDC.

Solid makes earning yield on stablecoins simple and transparent by converting USDC deposits into soUSD, a token that automatically grows in value through curated DeFi strategies. It combines ease of use with non-custodial security, but investors should remain aware of variable yields and DeFi-related risks.