🚀How to Deposit into Solid

Solid makes it simple to fund your account. You can deposit with a wallet, credit/debit card, or bank transfer and Solid takes care of the DeFi complexity under the hood.

1. Click Add Funds

From your the Home & Savings tab, select Add funds to start a deposit.

2. Choose your deposit method

You’ll see three options:

  • Connect Wallet – deposit USDC directly from your crypto wallet

  • Debit/Credit Card – buy USDC instantly with your card

  • Bank Deposit – send a transfer from your bank

3A. If using Wallet

  1. Connect your wallet.

  2. Select USDC as the asset.

  3. Pick your preferred network: Ethereum, Polygon, Base, Arbitrum, or Fuse. (Solid automatically bridges behind the scenes—no manual steps needed.)

  4. Approve and confirm the transaction in your wallet.

Your funds are converted into SoUSD and begin earning yield instantly.

3B. If using Debit/Credit Card

  1. Enter the amount you want to deposit in your local currency.

  2. The app shows how much USDC you’ll receive.

  3. Confirm and pay with your card.

Once the payment clears, your balance updates in Solid and your USDC is converted to SoUSD automatically.

3C. If using Bank Deposit

  1. Select your payment method: ACH Push or Wire transfer.

  2. Follow the instructions provided to complete the transfer.

When the funds arrive, they’re automatically converted into SoUSD and start generating yield.

Bank Transfer Availability

Category
Status
Examples

Prohibited

❌ No transfers

Cuba, Iran, Myanmar, North Korea, Syria, Ukraine territories (Crimea, Sevastopol, Donetsk, Kherson, Luhansk, Zaporizhzhia), Afghanistan, Algeria, Bangladesh, Belarus, China, Democratic Republic of the Congo, Gaza Strip, Haiti, Iraq, Lebanon, Libya, Morocco, Mozambique, Nepal, Nicaragua, North Macedonia, Pakistan, Qatar, Russia, Somalia, South Sudan, Sudan, Venezuela, West Bank (Palestinian Territory), Yemen

Restricted

⚠️ Allowed with monitoring

Albania, Angola, Barbados, Bhutan, Bosnia & Herzegovina, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Côte d’Ivoire, Croatia, Eritrea, Ethiopia, Guinea Bissau, Jamaica, Kenya, Kosovo, Lao People’s Democratic Republic, Monaco, Namibia, Niger, Nigeria, Senegal, South Africa, Tanzania, Trinidad & Tobago, Turkey, Uganda, Ukraine, Vanuatu, Vietnam, Zimbabwe

Not High Risk

✅ Full support

All other countries (e.g. United States, United Kingdom, European Union states, India, Indonesia, Japan, Australia, Canada, Brazil, Mexico, Philippines, Singapore, Thailand, etc.)

4. Track your balance & yield

Once deposited, your dashboard updates to show your total balance, interest earned, and current APY. From here, you can also swap, send, or withdraw anytime.

Key Notes

  • All deposits result in SoUSD, a yield-bearing digital dollar.

  • Yield starts accruing automatically. No staking or extra steps needed.

  • Solid abstracts gas, bridging, and allocation, so you don’t need to manage networks or sign multiple transactions.

  • You always keep custody of your funds.

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 will 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.

Here is a closer look at what happens under the hood ⤵️

Previous💳 Solid Card (Coming soon)NextWithdraw or Redeem SoUSD

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