Summary
Solido set out to make liquidity manage itself. Using Supra’s AutoFi stack, the team turned a lean idea into a DeFi system where capital borrows, stakes, and grows autonomously. Their Super dApp Showdown journey shows how builders can turn bold ideas into powerful live products with the right support.
How Solido Got Its Start
When Mr. Square began experimenting with crypto automation in 2014, it was out of curiosity more than looking for profit. He wrote a simple Bitcoin arbitrage bot while in college and continued to chase ways to make financial systems more efficient.
Years later, after building enterprise blockchain tools and helping manage DeFi funds for institutional clients, he concluded: Decentralized finance still lacked the infrastructure to support professional-grade automation.
“We realized we have a long way to go before institutional finance can truly come on-chain. Everything was still manual, risky, and glued together with oracles and off-chain scripts.”
That realization became the starting point for Solido Money, a protocol designed to make on-chain liquidity self-directing. The idea was simple but ambitious: create a system that allowed capital providers to automatically stake, borrow, and earn without human intervention.
Finding A Platform That Could Keep Up
The Solido team wanted to merge liquid staking, stablecoin borrowing, and automated yield into a single, closed-loop structure. Doing that on traditional DeFi networks proved difficult. Each component, staking engines, oracles, and automation scripts came from separate ecosystems, each with its own risk profile.
“Security in DeFi is only as strong as its weakest component. When you’re stitching oracles, automation, and cross-chain tools together, you create vulnerable loopholes.”
Building across multiple chains was slow and expensive, and as a lean startup, they lacked the bandwidth to maintain separate codebases. They began looking for an environment where automation, data feeds, and execution could run natively on the same layer.
That search led them to Supra.
Discovering Supra and the Super dApp Showdown
Mr. Square first encountered Supra after hearing its team discuss AutoFi, a native automation framework that allows transactions and risk logic to execute in real time on-chain.
“I heard Joshua and Jon speaking about AutoFi and got really motivated. This is exactly what we needed to bring mainstream finance on-chain.”
At the time, Supra had also just launched the Super dApp Showdown, a global program inviting builders to create the next generation of decentralized applications on its Layer 1 network. Each season selects a small group of projects across categories like DeFi, GameFi, and SocialFi. Selected participants receive funding, mentorship, and exposure to hundreds of thousands of verified users via coordinated marketing initiatives.
Solido entered the first season of the Showdown with little more than a working prototype and a bold vision. Through the program, Mr Square’s team worked directly with Supra engineers and product mentors who helped them refine the design, stress-test their automation flows, and prepare for mainnet launch. What began as an experiment in automated liquidity became one of the earliest full-stack DeFi systems on Supra.
Building the Core Financial Engine
Within months, Solido deployed three live products on Supra’s AutoFi stack:
- Flow – liquid staking for $SUPRA that issues $stSUPRA as a transferable derivative
- Cash – a stablecoin minted by locking collateral and paying a one-time fee instead of recurring interest
- Grow – an automated yield layer that compounds rewards through Supra’s AutoVault and AutoRisk systems
A lending module, Lend, is in development to complete the credit cycle. Together, these primitives form what Mr Square calls “the liquidity brain” of Supra’s on-chain finance, where capital moves intelligently between staking, borrowing, and yield positions.
“AutoFi will allow us to build hands-down the most efficient liquid-staking protocol the world has ever seen.”
Network Results
After launch, Solido recorded $2.61 million in TVL across Flow, Cash, and Grow, with a 46% average APY on $bCASH and more than $1.9 million USD locked in Cash (Solido Dashboard, 2025).
Its CommonFund ICO, available to SDS winners, closed 219% oversubscribed, raising 109 million $SUPRA ($307,000) from 349 KYC-verified participants (CommonFund Report 2025).
Mr Square attributes that traction to both Supra’s infrastructure and community.
“We’ve been building here for eight months now, and I’ve never seen such a dynamic community… Supra spends so much time on unified liquidity, and that’s our backbone.”
Making Way for the Next Wave of Innovation
Solido’s journey shows how a small, technically skilled team can move faster when the base chain handles automation and data. The Super dApp Showdown gave them more than capital; it provided a launchpad, mentorship, and access to a network of builders solving similar problems.
Today, Solido’s contracts automatically rebalance validators, harvest yields, and manage collateral. The team’s focus has shifted from maintenance to innovation, a sign that native automation can remove much of the operational drag that limits DeFi growth.
For other developers, Mr. Square’s experience shows how the right environment can accelerate ideas. Access to technical mentorship, real-world feedback, and a strong community gave his team the support to move from concept to launch without losing focus on innovation. When infrastructure handles automation and data, builders are free to spend their time building what’s next instead of maintaining what’s already working.
Apply for Season 2 of the Super dApp Showdown!
Supra is now accepting entries for the next season of the Super dApp Showdown. If you’re building a DeFi, GameFi, or SocialFi project that could redefine Web3, this is your moment.
Get funding, mentorship, and launch in front of 500,000 users. It’s time to bring your vision to life on Supra’s all-in-one Layer 1 and out-build the rest.
Click here to learn more and apply today!