🧪 Minting SoUSD

You operate across chains seamlessly, with gas and signatures abstracted inside the app. While transactions do require signatures and network fees (e.g. when minting or redeeming), SOLID automates these steps for a smoother user experience.

1. Connect your wallet on the SOLID app

2. Deposit your USDC on Ethereum Network.

3. Confirm mint to receive SoUSD on Fuse Network

Your SoUSD starts earning yield automatically. No extra steps.

When you deposit USDC to mint SoUSD, the amount of SoUSD you receive is based on the current exchange rate of the vault. This exchange rate is calculated using the following formula:

Exchange Rate = total Assets/total Shares

For example, depositing 50 USDC may return 49.667 SoUSD if the vault’s exchange rate reflects accumulated yield for existing holders.

Deposits are currently only supported on Ethereum Mainnet. Users still pay gas when depositing or withdrawing, and must approve transactions. However, bridging and yield allocation are managed under the hood.