moSOLID

MOSOLID

moSOLID is a tokenized, liquid representation of veSOLID -- Solidly base-layer's veNFT. Longer Description: A tokenized version of veSOLID, moSOLID, is returned to the user at a 1:1 rate. MONOLITH automatically converts rebased SOLID into moSOLID proportional to the users staked amount. If a user deposits SOLID into MONOLITH, that SOLID is locked into the MONOLITH veNFT as veSOLID, in exchange-- the user receives proportional moSOLID. moSOLID can be staked into the platform to receive a basket of rewards from the protocol's fees. Rather than staking moSOLID, users can also choose to contribute to the Solidly liquidity pool moSOLID/wETH.