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Silo Finance

Silo Finance

Project
arbitrumavalanchebaseethereummegaethDecentralized Finance (DeFi)Lending/Borrowing ProtocolsArbitrum Ecosystem

About

Silo is a non-custodial lending protocol to borrow any crypto asset with another. SECURE BY DESIGN When you deposit in a Silo, you don't share the risk with other tokens in the protocol. Silos can only borrow the bridge asset from each other, keeping the risk isolated to a single Silo. EFFICIENT To concentrate liquidity, each token asset gets one Silo only. With the bridge asset connecting all Silos, liquidity moves fluidly in the protocol, enabling any collateral token to borrow another. PERMISSIONLESS Silo is designed to support any token asset on the chains it operates on. Silos share default collateral factors that can be adjusted on a Silo level at any time.

SILO/USDT

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History

2024
Oct 1, 2024chain expansionmajor

Silo Finance Expands to Sonic (formerly Fantom)

2023
Jun 15, 2023protocol upgrademajor

Silo V2 Launch with Enhanced Risk Isolation

2022
Dec 6, 2022token launchmajor

SILO Token Launch and Airdrop

Dec 6, 2022partnership

Integration with Chainlink Price Feeds

Recent News