CoinLoom

Soil (SOIL)

Rank #1071

Market snapshot

Price
N/A
Market cap
N/A
24h volume
N/A
Circulating supply
N/A
Total supply
N/A
Max supply
N/A

What is Soil?

Soil is a digital asset management protocol that combines licensed asset management experience with blockchain technology. It aims to facilitate access to private credit, leveraging the capabilities of decentralized finance (DeFi) to create a more inclusive financial environment.

How Soil works

Soil operates on the Polygon blockchain, utilizing a shared ledger to facilitate transactions. The protocol is designed for interoperability with various blockchain networks, including XRPL and EVM-compatible chains. Users can engage with the protocol to generate yield through investments, with transactions processed on the Polygon network.

Key information

Symbol
SOIL
CMC rank
#1071
Network / platforms

Ethereum, Polygon, Polygon (prev. MATIC)

Categories
N/A
Date added
Oct 11, 2023

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

  • Ethereum

    0x54991328ab43c7d5d31c19d1b9fa048e77b5cd16

  • Polygon

    0x43C73b90E0C2A355784dCf0Da12f477729b31e77

  • Polygon (prev. MATIC)

    0x43C73b90E0C2A355784dCf0Da12f477729b31e77

Key characteristics

Soil is designed for multiple blockchain environments, including XRPL and Ethereum, allowing for a broad range of applications in digital asset management. The protocol includes mechanisms for locking tokens and managing reserves funded by a percentage of the protocol's profits, which are held in separate accounts.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Soil (SOIL)?
Soil (SOIL) is a blockchain-based lending protocol that bridges investments and aims to democratize access to private credit.
How does Soil work?
Soil operates on the Polygon blockchain, utilizing a shared ledger to facilitate transactions and generate yield through investments.
What are the key features of Soil?
Soil is designed for interoperability with multiple blockchain environments, including XRPL and Ethereum, and includes mechanisms for managing reserves.
What are the risks associated with using Soil?
Users should be aware of volatility in digital asset prices, the need for secure private-key management, and potential risks associated with centralized platforms.
How can I verify Soil before transferring?
Verify the asset name, network, and contract details before transferring assets to ensure accuracy.
Where can I find official resources for Soil?
Official resources for Soil can be found on their website at https://soil.co/.

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