Isolated lending markets on Ethereum, Arbitrum, and Optimism.
App: https://t.co/KpoapAoL0Z
Official links: https://t.co/Nj179cs3DG
Governance Token: $SILO
Nov 22, 2022 • 8 tweets • 4 min read
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/
Nov 22, 2022 • 9 tweets • 4 min read
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 🤝 $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
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.
Jan 24, 2022 • 10 tweets • 3 min read
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.