What makes Silo different to other lending protocols?

Let's look at an example with our newly listed token $FARM from @harvest_finance.

Read on, people!
1/ @harvest_finance Traditional shared-pool lending markets are limited on tokens they can list since an exploit in one token can cause bad debt to lenders of any other token on the platform.

For long-tail assets like $FARM, this may prevent lending protocols from listing them at all!
2/

1/ A trader is currently borrowing ~$50m worth of CRV from @AaveAave, pushing utilization to nearly 90% and interest rates above 1,000%. Let's see why AAVE's design poses threat to users and how @SiloFinance 's design prevents this. First, let's take a look at some basic concepts @AaveAave 2/ DeFi lending markets are over-collateralized, meaning borrowers must post collateral greater than their borrow amount - this prevents borrowers from running away with their funds. Fail to repay and get liquidated? Your collateral is seized and sold to repay borrowers.

Silo lending app is now live at app.silo.finance 🚀

Read this medium post for more information. tinyurl.com/4ey3rkk3

Let's look deeper 🧵 We will be starting off with 9 silos each capped at 500 ETH TVL (250 ETH per asset per silo).

Caps will be gradually increased and then removed.

We encourage the community to wait for 4 weeks before adding new markets.

Read about creating silos: tinyurl.com/3w8nm6mm

We are happy to announce the deployment of our fully decentralized lending protocol on Ethereum.

We’ve built Silo from the ground up to enable permissionless money markets that share efficiency yet isolate risk by design.

Today we begin a journey of a thousand Silos.

👉🧵 1/ Core contracts & interest rate model are published under BUSL-1.1

Core contracts: silopedia.silo.finance/security/smart…

GitHub: github.com/silo-finance/s…

Dev docs: devdocs.silo.finance

Interest rate model: tinyurl.com/yc3zc4sh

$SILO 🤝 $CVX
* last Friday we decided to get bags of $CVX
* Paid $4.41M for ~250K $CVX
* We used the dev fund
* Posted $SILO <> $FRAX gauge proposal on @CurveFinance gov forum

@CurveFinance & @ConvexFinance OGs:
Please show support: tinyurl.com/3p4e3vkz

Read thread 👇 1/7 Why @ConvexFinance?
Last week we presented the community with options to build deep liquidity for $SILO.
One of the options was starting a pool on Curve v2 and using $CRV emissions to attract liquidity instead of incentivizing with $SILO.

We never stop building 🏭

Silo is launching a stablecoin to serve as a bridge asset in every Silo alongside ETH.

We propose SiloDollar be made up of a basket of stablecoins — $Frax, $DAI, $LUSD, $UST, $MIM, $RAI etc.

Medium: tinyurl.com/37znw4se

More👇 1/9 How does the stablecoin work?
Approved stablecoins are deposited into a pool - @CurveFinance gauge or @BalancerLabs Metastable pool.

Depositors receive LP claim token to mint SiloDollars.

Holders may redeem it for $1/LP token minus 0.85% redemption fee.

🚀 $SILO Token Auction is LIVE on Gnosis Auction - Ethereum

Today we begin decentralizing Silo & raising Protocol Owned Liquidity (POL) for Silo DAO.


Access auction👇. Take note of auction ID & Chain ID in the URL.


gnosis-auction.eth.link/#/auction?auct…

How to participate:
👇 1/6 Here is everything you need to participate in the auction

medium.com/silo-protocol/…

Email us with any questions at support@silo.finance

OR continue to a quick walkthrough 👇