TL;DR
- Native SOL collateral is now available on Liquidium. Deposit SOL on Solana and borrow supported assets without selling your SOL first.
- Use Simple Loans for a dedicated SOL-backed loan without connecting a wallet, or Advanced Loans to supply SOL and manage borrowing through your portfolio.
- Borrow BTC, ETH, ICP, USDC or USDT against SOL. Receive the borrowed asset on its supported network.
Borrow BTC, ETH, ICP or stablecoins against SOL
Deposit SOL from your Solana wallet and borrow USDC on Ethereum, without selling your SOL. With Liquidium's native cross-chain lending, you can use SOL as collateral without first selling it to obtain another asset.
Choose what to borrow and where to receive it:
- BTC, received on Bitcoin.
- ETH, USDC or USDT, received on Ethereum.
- ICP, ckBTC, ckETH, ckUSDC or ckUSDT, received on the Internet Computer.
Choose Simple Loans or Advanced Loans
Simple Loans: one dedicated loan
Use Simple Loans for one SOL-backed loan, without an account or wallet connection to Liquidium.
1. Choose SOL collateral and the asset you want to borrow. Open Liquidium in Simple Loans. For a stablecoin loan, select USDC or USDT under Borrow, enter an amount, and select SOL under Collateral. Review the deposit amount, LTV, rate and fees.
2. Add your receiving and refund addresses. Enter an Ethereum address for your borrowed USDC or USDT and a Solana address for returned SOL. Signing in is optional.
3. Generate the loan and deposit SOL. Save the Loan ID and receipt, then send SOL to the displayed supply address. Liquidium sends the borrowed asset to your destination once the deposit confirms and the loan opens.
4. Track and repay your loan. Use the Loan ID to check LTV, add collateral or repay in the stablecoin you borrowed.
The Simple Loans guide covers deposits and loan management.
Advanced Loans: manage your portfolio
Use Advanced Loans to manage SOL alongside your other supplied assets and debts in one portfolio.
1. Sign in and select SOL. Open Advanced Loans and sign in with Internet Identity (Google, Apple or a passkey) or a wallet such as Phantom, MetaMask or OISY. Under Supply, select SOL.
2. Link your Solana address and supply SOL. Choose Link Solana address if prompted. You can use Wallet, or select Deposit address from the supply-method menu and send native SOL on the Solana network to the address shown in your own account. Follow the app's minimum deposit amount and fee instructions. Wait for your supply to become active before borrowing against it.
3. Choose an asset and review the loan. Open Borrow, select an asset such as USDC or USDT, and enter an amount. Check the rate, fees, destination and projected portfolio health before confirming.
4. Manage the position in Portfolio. Monitor your supplies, debts and portfolio health. Your existing positions affect how much you can borrow; add collateral or repay debt when you need more room for price moves.
See the supply and borrowing guides for the full Advanced Loans flow.
How Liquidium handles native SOL deposits
Liquidium converts your native SOL deposit into ckSOL for use in its lending pools. Each ckSOL represents 1 SOL held at a canister-controlled Solana address. You do not need to mint it yourself.
SOL and ckSOL use different networks and address formats. Send native SOL on Solana to the deposit address Liquidium provides.
Already hold ckSOL on ICP? You can deposit it directly instead of sending native SOL. Enable ICP assets, select ckSOL, and use the deposit account displayed by Liquidium. Send the full account, including any subaccount. The ICP asset guide explains address-based deposits.
Read the ICP Solana integration documentation for the technical details.
Review borrowing costs and liquidation risk
Compare the borrow APR for the asset you receive. A BTC loan uses the BTC borrow rate; a USDC loan uses the USDC borrow rate. The SOL supply APR shown for your collateral is separate.
The activation fee adds to your debt. Network fees are separate and can affect the amount delivered. Your total cost also depends on rate changes and how long you keep the debt open.
Loan-to-value (LTV) compares your debt with your collateral's value. LTV rises if SOL falls, the borrowed asset rises in value, or interest increases the debt. If BTC rises in dollar terms while SOL falls, both moves push a SOL-backed BTC loan closer to liquidation.
At the liquidation threshold, liquidators can claim collateral to repay debt. Leave room for price moves rather than borrowing at the limit.
As with any DeFi loan, consider market and protocol risks alongside the borrowing cost. Allow time for deposits and repayments to process before they affect your position. The Health Factor guide explains how to monitor liquidation risk.
Repay and return to native SOL
Repay in the asset you borrowed: BTC for a BTC loan, USDC for a USDC loan. Sending more SOL adds collateral; it does not repay debt in another asset.
With Simple Loans, partial repayments reduce debt. Liquidium returns the SOL to your refund address after you repay the full debt and it processes the repayment.
With Advanced Loans, repay first, then use Withdraw to send eligible SOL to your Solana address. Available liquidity and portfolio health determine how much you can withdraw.
See repayment and withdrawal instructions for Advanced Loans.
Borrow against native SOL on Liquidium
Open Liquidium, choose SOL as collateral, and explore the borrowing options in Simple Loans or Advanced Loans.
FAQ's
Can I borrow against SOL without selling it?
Yes. Deposit native SOL as collateral and borrow another asset. You keep your SOL price exposure while taking on debt and liquidation risk.
Do I need to get ckSOL before using Liquidium?
No. Send native SOL using Liquidium's deposit instructions and the protocol handles the conversion. If you already hold ckSOL on ICP, you can deposit it directly.
Do I need to connect a Solana wallet?
Simple Loans do not require a wallet connection, though you need a compatible wallet or account to send SOL. Advanced Loans require sign-in with Internet Identity or a supported wallet such as Phantom, MetaMask or OISY.
What can I borrow against SOL?
BTC, ETH, ICP, USDC or USDT. You can also borrow ckBTC, ckETH, ckUSDC or ckUSDT on ICP. The amount you can borrow depends on pool liquidity and your collateral.
Which network receives my borrowed funds?
BTC uses Bitcoin; ETH, USDC and USDT use Ethereum; ICP, ckBTC, ckETH, ckUSDC and ckUSDT use the Internet Computer. Enter an address on the borrowed asset's network, even though your collateral comes from Solana.
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