Silo Governance Token (SILO)

Silo Governance Token (SILO) is a non-custodial lending protocol that allows users to borrow any crypto asset with another. With a focus on security and efficiency, Silo operates on a permissionless model, ensuring that users have full control over their assets. The protocol employs isolated risk, where each Silo can only borrow the bridge asset from another Silo, keeping the risk contained within that Silo. This design promotes security and protects users’ deposits.

One of the key features of Silo is shared liquidity, which enables fluid movement of liquidity within the protocol. Each token asset is allocated to a specific Silo, and with the help of the bridge asset, any collateral token can borrow another. This approach enhances efficiency and ensures the protocol can support a wide range of token assets.

Silo is designed to be inclusive and limitless, supporting any token asset on the respective chains it operates on. The protocol allows the adjustment of default collateral factors at the Silo level, providing flexibility to suit varying needs. Security is of utmost importance to Silo, and the team has conducted extensive audits and maintains a bug bounty program to ensure the safety of user funds.