Silo is a non-custodial lending protocol to borrow any crypto-asset with another. When you deposit in a Silo, you don’t share the risk with other tokens in the protocol.
Dec 6, 2021 22:00:00
Dec 9, 2021 22:00:00
ICO Details
What Is Silo Finance?
Silo is a non-custodial lending protocol to borrow any crypto-asset with another. 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. 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.
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 Finance Unique Features
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Roadmap
Q4 2021 — Q2 2022
- Silo DAO
- Genesis Token Auction Event
- Security reviews & audits (Quantstamp + C4 + others)
- Silo protocol beta
- Collateral factors optimization
- Interest model optimization
- Liquidity incentive mechanism
- Data analytics & performance tracking
- Improved UI/UXTWAP Oracles security
- Developer toolkit for bridge-asset yield strategies
Silo Finance Token Economy
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Detailed Token Metrics
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Token Distribution
Token Release Schedule
- Genesis Protocol-Owned Liquidity (10%) — Distributed in the public auction; claimable immediately after the auction
- Community Treasury (45%) — Linear vesting for 3 years; controlled by the community through governance
- Early Contributors (6.75%) — Linear vesting for 4 years with 6-month cliff starting after TGE
- Founding Contributors (21.75%) — Linear vesting for 3 years with 6-month cliff starting after Token Generation Event (TGE)
- Early Community Rewards (0.2%) — Airdropped to community members in January 2022Early Investors & Early Advisors (6.30%) — Linear vesting for 2 years with 6-month lock starting after TGE
- Future Contributors & Future Advisors (10%) — Linear vesting for 4 years with 1-year cliff starting after joining the DAO
Once the token auction is over, the initial circulating supply will consist only of the tokens sold in the public auction — which is 100 million tokens.
Partners & Advisors
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Team Members
Investors
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