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Soil

Soil

SOIL
Rank #1238
Community Rating
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$0.097+0.07%24h
Market Cap
$3.78M
24h Volume
$10.26K
Circulating Supply
38.87M
All-Time High
N/A

Price Performance

24 Hours
+0.07%
7 Days
-0.09%
30 Days
+17.05%
1 Year
N/A
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About Soil

Built on the principles of decentralized finance (DeFi) and real-world assets, Soil is a pioneering protocol that bridges the gap between traditional finance and the crypto world. Operating as a debt marketplace, Soil enables established companies to obtain financing, while providing crypto investors with an opportunity to lend their stablecoins and earn yield derived from Real World Assets.

Soil's technology is centered around its deflationary tokenomics, which prioritize sustainable growth and incentivize users to participate. The protocol's key features include a multichain guarantee fund that reduces risk, a built-in security audit by Hacken, and a regulated approach that ensures transparency and compliance. Soil's innovative approach to DeFi 2.0 integrates the strengths of decentralized finance with traditional finance, making it an attractive option for investors seeking secure returns.

Soil's use cases are diverse, with the protocol catering to various types of lenders and borrowers. Crypto investors can lend their stablecoins (USDC) to earn a passive income, while established companies can obtain financing to meet their growth requirements. The protocol's real-world asset backing provides stability and a tangible value proposition, making it an attractive option for those seeking secure returns. Soil token holders can also lock their coins on the protocol to boost their total yield (APY) in the lending pool.

Soil's team brings diverse expertise from both the crypto and traditional finance realms, fostering a balanced and capable approach. The protocol has received recognition from various sources, including its successful security audit by Hacken. Soil's community is active, with a strong presence on Discord and Telegram channels. As the protocol continues to grow, it is expected to expand its offerings and increase adoption, solidifying its position as a leader in the DeFi space.

Soil's current traction includes its native app for earning stable, secure yield on RLUSD, which offers institutional-grade vaults, SEED loyalty points, and real-world asset strategies. The protocol has also launched its Earn feature, allowing users to connect their wallet and start earning returns. With its innovative approach, robust technology, and growing adoption, Soil is poised to become a major player in the DeFi space.

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