Product Guide
Your go-to guide to get started with Solido Cash.
Prepare Yourself
To use Solido Cash and mint $CASH, you first need to open a Trove in the Solido UI. In this section, we’ll walk you through the preparation steps.
1. Install the StarKey Wallet
Download and install the StarKey Wallet on your device. This wallet allows you to interact with the Solido Cash application.
2. Acquire $SUPRA
You’ll need $SUPRA for two purposes:
To pay transaction fees on the Supra blockchain
To use as collateral to mint $CASH
You can acquire $SUPRA through exchanges where it is listed. Check CoinMarketCap for the latest information and supported markets. Once purchased, transfer your $SUPRA to your StarKey Wallet.
Alternatively, you can buy $SUPRA using Dexlyn, a decentralized bridge and exchange built on the Supra blockchain. No KYC is required. Here’s how:
Using Dexlyn:
a. Visit the Dexlyn Bridge and connect both your MetaMask and StarKey wallets. b. Bridge USDC from Ethereum to Supra. Once complete, you'll receive dexUSDC on the Supra network, along with a small amount of $SUPRA to cover gas fees. c. Head to the Swap page on Dexlyn and exchange your dexUSDC for $SUPRA.
You’ll need a minimum of $50 worth of $SUPRA to open a Trove on Solido Cash. Depositing more will keep your loan-to-value healthy and keep you safe from liquidations. We recommed you to maintain an LTV below 25%.
Open a Trove
Once you have $SUPRA in your StarKey Wallet, connect your wallet to Solido Cash and follow these steps to open your Trove:
Navigate to the "Mint $CASH" section from the sidebar.
Enter the amount of $SUPRA you wish to deposit as collateral.
The UI will display the maximum $CASH you can mint. Choose an amount within this limit (minimum mint: 20 $CASH).
Review the Trove details on the information panel. Note that:
A liquidation reserve of 2 $CASH is added to your debt. This is used to incentivize the liquidator and pay for gas fees. This is refundable to you upon closing your Trove.
A one-time borrowing fee of 5% is also added to your total debt.
Click Open Trove and sign the transaction in your wallet.
Once the transaction is confirmed, you’ll be redirected to the Trove Dashboard, where you can monitor your position and Loan-to-Value (LTV) ratio.
💡 Tip: Click on the $CASH icon in the top nav bar to quickly import $CASH into StarKey. Alternatively, you can manually import it using the following contract details: 0x9176f70f125199a3e3d5549ce795a8e906eed75901d535ded623802f15ae3637::cdp_multi::CASH
Adjust Your Trove
After opening a Trove, you can manage it flexibly:
Go to the "Mint $CASH" section. If you already have a Trove, you’ll be taken to the Trove Dashboard.
Use the Mint tab to mint more $CASH or deposit additional collateral.
Use the Repay tab to repay your debt or withdraw collateral.
⚠️ If you're participating in the $CASH register campaign, withdrawing $SUPRA early will forfeit all rewards.
How It Works:
Input values in either the mint/repay or deposit/withdraw fields.
Leave any field empty if you don’t want to modify that part.
Click Update Trove and sign the transaction.
Important:
You can deposit more collateral without minting additional $CASH.
You can mint more $CASH without depositing more collateral (if your LTV allows it).
You cannot reduce your debt below the minimum allowed unless you fully close your Trove.
Close Your Trove
⚠️ If you're participating in the $CASH register campaign, closing your Trove early will forfeit all rewards.
To close your Trove:
Go to the "Mint $CASH" section. If you have an open Trove, you’ll be redirected to the Dashboard.
Open the Close Trove tab.
Ensure your wallet holds enough $CASH to repay the entire debt (including fees).
Click Close Trove and sign the transaction.
Upon closing:
Your collateral will be returned in full.
The 2 $CASH liquidation reserve will be refunded.
Any $CASH you don’t already hold (e.g., minting fees) must be acquired externally—via another address or a DEX.
Liquidate Risky Troves
If a Trove exceeds the liquidation threshold (i.e., its LTV is too high), it becomes eligible for liquidation. By liquidating a Trove, you collect a liquidation penalty (currently 10%) that the liquidated Trove pays.
To liquidate:
Go to the Troves/Liquidation page.
Troves are listed from riskiest (highest LTV) to safest.
If you hold enough $CASH and a Trove is eligible, a Liquidate button will appear.
Click Liquidate and sign the transaction to pay off the debt and claim the collateral (plus rewards).
Risk Disclaimer: Please review the disclaimers carefully and use Solido at your own risk.
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