The core team just deployed 450 ETH to 9 silos, executing on the latest community proposal.
50 ETH is deposited to every active silo.
You can borrow ETH at a very low borrow APY by depositing any of the 9 collateral assets accepted i.e. WBTC, APE, CVX, CRV, FXS, FRAX, BAL, wstETH, USDC.
Exciting updates on the call tomorrow.
Remember to #SiloTheRisk!
50 ETH is deposited to every active silo.
You can borrow ETH at a very low borrow APY by depositing any of the 9 collateral assets accepted i.e. WBTC, APE, CVX, CRV, FXS, FRAX, BAL, wstETH, USDC.
Exciting updates on the call tomorrow.
Remember to #SiloTheRisk!
The crypto market is going through sever volatility at the moment. Our treasury is safe. Our funds are on-chain. We have zero exposure to centralized exchanges or funds. We don't gamble with the future of our DAO. We keep building. We believe volatility will give birth to a true decentralized finance.
As of this morning, shorts on USDT are accumulating. If USDT loses its peg due to a bank un, traditional lending markets become risky because of the one-pool design.
Our thesis for risk-isolated, long-tail lending markets remain firm.
Today we start rolling out new markets. We will never stop until Silo is home for all token assets.
Stay safe and remember to #SiloTheRisk!
As of this morning, shorts on USDT are accumulating. If USDT loses its peg due to a bank un, traditional lending markets become risky because of the one-pool design.
Our thesis for risk-isolated, long-tail lending markets remain firm.
Today we start rolling out new markets. We will never stop until Silo is home for all token assets.
Stay safe and remember to #SiloTheRisk!
GM ☀️
rETH is now Silo'd on Arbitrum! Get more utility out of your rETH.
🚜 Farm rewards at Silo and other DeFi protocols
⚖️ Use rETH and ETH as collateral to borrow against
💸 Maximize yields using leverage & advanced trading strategies
----
To really get this market activated and cooking, we need you & frens to spread the word and deposit rETH, ETH, and XAI!
✅ Help us amplify on Twitter:
https://twitter.com/SiloFinance/status/1674440116834816000
✅ Deposit $rETH, $ETH and $XAI in this lending market here:
https://silodao.fyi/rETH-silo
Thanks fam!
rETH is now Silo'd on Arbitrum! Get more utility out of your rETH.
🚜 Farm rewards at Silo and other DeFi protocols
⚖️ Use rETH and ETH as collateral to borrow against
💸 Maximize yields using leverage & advanced trading strategies
----
To really get this market activated and cooking, we need you & frens to spread the word and deposit rETH, ETH, and XAI!
✅ Help us amplify on Twitter:
https://twitter.com/SiloFinance/status/1674440116834816000
✅ Deposit $rETH, $ETH and $XAI in this lending market here:
https://silodao.fyi/rETH-silo
Thanks fam!
Dopex is imminently upgrading the $rDPX token contract. As a result, we are deprecating the $rDPX lending market immediately.
If you have ANY positions in the $rDPX silo, please close them immediately and withdraw your funds.
$rDPX silo: https://app.silo.finance/silo/0x950AAEDa8C6E806A8c889B4dBCc0361760b86249
Note that this does not affect any of our other markets. Silo remains risk-isolated, meaning activity in one market does not affect others.
#SiloTheRisk
If you have ANY positions in the $rDPX silo, please close them immediately and withdraw your funds.
$rDPX silo: https://app.silo.finance/silo/0x950AAEDa8C6E806A8c889B4dBCc0361760b86249
Note that this does not affect any of our other markets. Silo remains risk-isolated, meaning activity in one market does not affect others.
#SiloTheRisk
Silo Finance App
Enabling lending and borrowing of any asset