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Funding Your Wallet
This guide is intended to walk you through funding your wallet with USDC and SOL.
Before you fund your wallet, please make sure you have a Solana wallet. Steps to install a Solana wallet can be found in the Installing a Wallet guide.

In order to use Aver, you’ll need a balance of both USDC and SOL in your Solana wallet.
Trading is denominated in USDC (a stablecoin pegged to the U.S. dollar) - so you're trading/paying/winning in something which has real, stable, fiat value.
SOL (the Solana blockchain’s native cryptocurrency) is required to cover the minuscule costs of authorizing transactions on the blockchain (~$0.0025) and cover the refundable ‘account rent’ for storing your data on-chain.
These minimal costs enable Aver to be open and decentralized, and allows participants to cover the costs for the data and processing they actually use, rather than paying the higher fees a centralized platform would charge to cover costs. This is one of the features that keeps fees so much lower than on traditional alternatives.

Currently, Aver applications only list USDC-denominated markets. USDC is the most widely used stablecoin on Solana.
For markets to be truly denominated in another cryptocurrency would lead to multiple distinct (fragmented, and less liquid) markets to exist around the same events. This would not be a good outcome for market participants.
In the future, Aver project contributers may develop functionality for markets which can accept a wider range of USD-pegged stablecoins, along with the facility for participants to seamlessly convert to-and-from other (non-stablecoin) cryptocurrencies when making a trade or collecting winnings - for example, if you’d prefer to trade in SAMO, SOL or SRM (Other popular SPL tokens).

Solana is a blockchain platform designed to enable decentralized, scalable applications. Solana is very fast in terms of the number of transactions it can process and has significantly lower transaction fees compared to blockchains like Ethereum. Solana is also the only blockchain capable of rivalling the speed and throughput of Web2 exchanges (400ms block times, up to 65,000 transactions per second).
Solana’s native crypto currency is Solana (SOL). SOL is used to reward the ‘nodes’ that operate the network for processing transactions and storing data.
A minuscule amount of SOL (~$0.0025) is required to cover the cost of each transaction and some SOL is required to ‘rent’ the space required to store any information on-chain - you can think of this as a redeemable deposit.

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin.
As USDC is pegged to the U.S. dollar, you can always redeem 1.00 USDC for $1.00 USD, giving it a stable price. USDC is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
Each USDC is backed by one dollar or asset with equivalent value, which is held in the accounts of regulated financial institutions. When you trade with USDC, you can think of it as trading using USD - it’s just an on-chain representation of the U.S. Dollar.
You can learn more about USDC here.

While SOL is native to the Solana blockchain, USDC is not. USDC exists on the Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow and Hedara blockchains. To interact with Aver you will need USDC on Solana – known as SPL USDC.
Here are a few recommended ways to get your first SPL tokens:
  • Buy it on a centralized exchange like FTX, Binance, or Coinbase and send it to your SPL token wallet;
  • Buy it from your wallet directly through on-ramp services like Moonpay (although this is generally quite expensive)
  • Covert your ERC-20 (Ethereum) tokens to SPL (Solana) tokens using Wormhole — a cross chain bridge that moves tokens from one chain to another (recommended only for advanced users)

Currently, only USDC-denominated markets are listed on Aver. USDC is the most widely used stablecoin on Solana.
For markets to be truly denominated in another cryptocurrency would lead to multiple distinct (fragmented, and less liquid) markets to exist around the same events. This would not be a good outcome for market participants.
Contributors to the Aver project may in future develop functionality for markets which can accept a wider range of USD-pegged stablecoins interchangeably, along with a facility to users to seamlessly convert to-and-from other (non-stablecoin) assets when making a trade or collecting winnings - for example, if you’d prefer to trade in SAMO, SOL or SRM!

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On this page
SOL and USDC - Why do I need them?
Can I trade in other cryptocurrencies?
What are Solana and SOL?
What is USDC?
Where can I get USDC and SOL?
Can I trade in other cryptocurrencies?
Funding your wallet from a Centralized Crypto Exchange (CEX)
Viewing balances and transactions on your wallet