Secure lending markets where any token borrows another

🌐 Website

🧑🏼‍💻 Github

<aside> ℹ️ OVERVIEW

How does Silo work (Youtube)

• Silo is an isolated-markets lending protocol. Smart contracts have a modular design.
• The protocol implements one Silo only for a token asset. This design concentrates liquidity in single pools and allows any token to be used as collateral to borrow other tokens.
• Silo will allow anyone to create a secure and efficient money market in a permissionless manner for all crypto-assets </aside>

<aside> ℹ️

• Users can borrow up to 50% of the value of their collateral. Collateral is liquidated when the debt position reaches 62.5% of the collateral. This high liquidation threshold reduces the risk of any Silo becoming under-collateralized during a liquidation event.
• The protocol mitigates risks by design. It implements isolated money markets — Silos — with each Silo consisting of two assets only, the bridge asset and a unique token. By isolating the risk of any asset to a specific silo, new and higher-risk assets can be immediately utilized in lending markets without causing systemic risk to assets held in other Silos. </aside>

links

→ Nansen Token God Mode

→ Curve

• Swap → Open Here
• Pool → Open Here

→ Roadmap

→ FAQs

Linktree → Open Here

• Includes social media

reading

→ Silo Resources

→ Nansen: Silo Finance

→ Consensys: Silo Protocol: A Non-Custodial Lending Protocol for Permissionless Money Markets

design

<aside> ℹ️ Silo

A Silo is an isolated money market that supports only two assets, the bridge asset (e.g. ETH) and a unique token. When created, all Silos share the same collateral factors that can be configured for each Silo.

</aside>

<aside> ℹ️ Bridge Asset

The bridge asset (e.g. ETH) connects all Silos in the protocol. For a collateral token to borrow another, the process requires creating two positions, both are denominated in ETH so they approximately cancel each other out.

The user’s exposure to ETH is minimized but the exposure to the long and short is maximized.

</aside>

governance

Silo Governance Forum: https://gov.silo.finance

Silo's Governance page on Tally

Silo Snapshot: https://snapshot.silo.finance

competitors

• Q: How is Silo different from other lending protocols?
• Q: How is Silo different from Aave, Compound, and Rari Fuse?

Source: Nansen Alpha

tokenomics

FULL TOKENOMICS DOC: Allocation & Vesting

Token: $SILO (Coingecko)

TGE: December 6, 2021

• Use of token

key holder wallets

Top token holders: https://etherscan.io/token/tokenholderchart/0x6f80310ca7f2c654691d1383149fa1a57d8ab1f8 Contract and Insider Wallets: https://resources.silo.finance/governance/contracts-and-wallets

**Treasury Vester:** 0xcFEedb0219A99bE73dFE04B2A9905a109Cf87823
**
Arca Fund (largest):** 0x23a5efe19aa966388e132077d733672cf5798c03

**Note:** To track the wallets copy the address to Etherscan / Debank or Nansen