📢 The doubling of incentives to our $CRV silo is NOW LIVE! 🧑‍🌾 $crvUSD depositors receive a share of 1.2M $CRV over 12 weeks. 😏 We got 13.7m $crvUSD earning 22.7% APR right now but plenty of room for more! Try it out on Silo Llama: https://t.co/jqkpdQFhCb #SiloTheRisk

Who doesn't like a lucky number? Silo has officially broke $88m TVL! Let's take a look at two of our most popular silos 👇

😏 Our $crvUSD depositors in the $CRV silo are earning 14.50% APR. ⏫ This is set to double on August 31 as incentives have been increased 2x. 🤔 But how do I even get $crvUSD to get those honker bonker numbers? Let's walk you through it using @CurveFinance 👇

🧐 Our $CRV silo on Silo Llama is incentivized by $CRV rewards for $crvUSD depositors. 🧑‍🌾 You can farm this without starting with $crvUSD by routing through one of our other silos. Here's how to do it with $LINK 👇

🦙 If you liked Silo Llama last week, you'll love Silo Llama this week. 📢 $CRV rewards to $crvUSD depositors in the $CRV silo will be doubling starting 31 August for the next 3 months. Try it here: https://t.co/AjAUE2Ir6b @CurveFinance 🫶 Let's take a look 👇

Are your crypto assets safe? @SiloFinance has the answer. With their risk-isolated lending markets, your assets are secure. Silo Llama is a new non-custodial Ethereum protocol featuring crvUSD - https://t.co/YPHAKPc9SR Find out all the details you should know about it 🧵👇

Our warmest regards to the CEO of DeFi! Congratulations on popping the question, lots of love from the community and the rest of the team here at Silo.

No lock-up ✅ Respectable APY ✅ Risk-isolation ✅ Deposit $AURA into our $AURA silo to earn 8.37% in genuine $AURA denominated yield! Deposit here: https://t.co/lymHHZ1iR4 #SiloTheRisk

📸 Our recent Snapshot proposal has been executed! ↔️ 1m $USDC has been swapped for $LUSD for the glory of Ethereum, decentralization, and this beautiful industry. 💪 TXID: https://t.co/BwVmFoWIB5 Snapshot: https://t.co/qSReQyGI3N #SiloTheRisk @LiquityProtocol 🤝 $SILO

🎉 We have successfully broken 21m TVL in the Silo Llama $CRV silo in less than a week! 🧐 Wait a minute... $13m $CRV deposited but only $70k available to borrow at 53% utilization? Something doesn't add up 🤔 Let us introduce you to protected deposits 👇

Great article! Thanks for the coverage and for having us on today we thoroughly enjoyed it!

We are live with @Leviathan_News for an impromptu live stream discussing all things Silo Llama! Time: 10am ET/2pm UTC Monday 21st August Location: @Leviathan_News https://t.co/sCvNQjcBHA

⛓️ One year on-chain. 🚀 3 deployments (🦇🔊-🧡💙-🦙). 🔒 $70m TVL. And the Silo journey has only just begun. 😏 A huge thank you to each and every one of your for following us as we bring risk-isolated lending to new frontiers. 🫶 #SiloTheRisk

🎉 Another milestone broken with $𝟐𝟏𝐦 𝐓𝐕𝐋 on Silo Llama! 📢 @aiham_eth has an important PSA for all our followers: 🫶 "We love you (also $crvUSD APR in the $CRV silo is still 27% hehe" 🫶 Try it here: https://t.co/v54PrRZEYx #SiloTheRisk @CurveFinance 🤝 $SILO

🐳 Thanks to the @CurveFinance community, there is now a sizeable 2m $crvUSD available to borrow from the $CRV silo. 🦙 $crvUSD depositors continue to earn 48.48% APR in risk-isolated yield due to $CRV rewards. 🤫 📌 Try here: https://t.co/Y79EAzOFzW #SiloTheRisk

We launched Silo Llama yesterday, giving $crvUSD its isolated credit markets. Over $3M TVL in less than 24H. $crvUSD depositors are earning > 135% APR in $CRV isolated market - rewards paid in $CRV. You can borrow up to $400K in $CRV. Why $crvUSD needs money markets ? 👇

🦙 For those with a watchful eye, you may have noticed a little three-coloured symbol in the top right corner of Silo Llama. 👀 That's right - $CRV rewards streamed straight to $crvUSD depositors in the new $CRV silo. 🫡 Let's go! https://t.co/Y79EAzPdpu #SiloTheRisk

🦙 We are excited to launch Silo Llama on Ethereum 🦙 Silo Llama is a fork of our existing protocol where $crvUSD is the universally-accepted collateral across all isolated markets (i.e. the bridge asset.) https://t.co/v54PrRZEYx Not sure what this means for you? 👇

We are happy to announce that the long-awaited "Liquidation price" is now available in the app UI. You can read about it at this link: https://silopedia.silo.finance/borrow/liquidation-price

Silo fam, Three announcements: - SIP-83 executed successfully: 59,132 XAI revenue was realized and sent to the team Safe to be added to our buyback program. This is the first time the DAO has claimed any revenue from credit lines. Transaction: https://etherscan.io/tx/0x7f4cb5054fad6d465668e619620661c48788d2e6a2a83a97b8c678510d990013 Notice SiloDAO claimed revenues from 12 silos. Our largest revenue maker is USDC market, generating 37,407.53 XAI. - A proposal to enter CVX bribes as an experiment is posted on the forum: Take a look and share your thoughts in the forum or in ⁠╭💬・proposal-discussion https://gov.silo.finance/t/allocate-2m-silo-tokens-from-silo-treasury-to-support-cvx-bribing/388 - Community topic posted: Our esteemed community member narok posted a topic in the forum that deserves our engagement :SiloHug: https://gov.silo.finance/t/silo-post-v2-plans/387 References: What are XAI credit lines? https://silopedia.silo.finance/xai-stablecoin/cross-silos-stablecoin#b386 Safes/Wallets https://silopedia.silo.finance/governance/contracts-and-wallets

hey Silo fam!! Just a reminder that we have two exciting Twitter Spaces coming up tomorrow, and that voting for our Oracle Gasdrop ends soon: 10am ET / 2pm UTC • On our community call this week we will be joined by our incentives partner GMX, one of the leading Decentralized Perpetual Exchanges! spaces link: https://twitter.com/i/spaces/1dRJZMNPmnXGB?s=20 ---- 1:30pm ET / 5:30pm UTC • A few hours later, join us for a fireside chat with the teams at Arbitrum, DIA, and Y2K Finance. We will discuss this recent Oracle Gasdrop initiative by DIA, upcoming developments from each team, and views on the current state of the Arbitrum ecosystem. spaces link: https://twitter.com/i/spaces/1YqKDoennAOxV?s=20 ---- If you haven't voted for Silo to become a recipient of DIA's Oracle Gasdrop, the voting window closes in about 10 hours. Vote here with your SILO, DIA or ARB tokens: https://snapshot.org/#/diadao.eth/proposal/0x7de80cbc6010e9beded35ef99e8c56709888c25499f0d90f4d620ca7ab267134

GM ☀️ rETH is now Silo'd on Arbitrum! Get more utility out of your rETH. 🚜 Farm rewards at Silo and other DeFi protocols ⚖️ Use rETH and ETH as collateral to borrow against 💸 Maximize yields using leverage & advanced trading strategies ---- To really get this market activated and cooking, we need you & frens to spread the word and deposit rETH, ETH, and XAI! ✅ Help us amplify on Twitter: https://twitter.com/SiloFinance/status/1674440116834816000 ✅ Deposit $rETH, $ETH and $XAI in this lending market here: https://silodao.fyi/rETH-silo Thanks fam!

gm ladies and gents We're actively participating in DIA DAO's Oracle Gasdrop! We were fortunate enough to land the 1st proposal on their forums to better ensure we get this Gasdrop grant, now all we need is you to vote! With enough votes, Silo will get 1000 $ARB tokens to provide gas funding for usage of DIA oracles, which is critical to Silo's growth. We are already utilizing DIA oracle infrastructure for price feeds for long-tail assets, such as $JONES and $RDPX $DIA, $ARB and $SILO token holders are eligible to vote. Please vote on the Snapshot below! Voting period lasts 96 hours: https://snapshot.org/#/diadao.eth/proposal/0x7de80cbc6010e9beded35ef99e8c56709888c25499f0d90f4d620ca7ab267134 -- Help us amplify on Twitter: https://twitter.com/SiloFinance/status/1673436086092320769 Thanks everyone!

Folks, We're joining our friends from Arbitrum, DIA, Y2K on a Space on Friday June 30 at 1:30 ET. Make sure to tune in. Twitter Spaces link: https://twitter.com/arbitrum/status/1673131950494691328?s=20 Discord Event Reminder: https://discord.gg/bbze7sWh?event=1122909219369275446

hey fam Please vote on SIP: 83 Change votingDelay, claim revenues from 12 silos https://www.tally.xyz/gov/silo/proposal/71994480323364429936333075306351912616369513327147486150606560689122494076718 What are you voting on? 1- Claim XAI revenue (~58,000 XAI): SiloDAO has extended XAI credit lines into several silos. When users borrow XAI in those silos, all borrowing interest accrues to the DAO (TimelockController). The proposal claims accrued revenues from 12 silos and forwards it to team-controlled Safe (0xE8e8041cB5E3158A0829A19E014CA1cf91098554). The team will add the revenue amount to the buyback program as voted previously. 2- Change votingDelay: The proposal changes a governance parameter, adding 128-block space (roughly 24 minutes) between the time of creating a proposal and the time the proposal becomes available for delegates to vote on. This prevents multi-block governance attacks References: - How XAI works: https://silopedia.silo.finance/xai-stablecoin/cross-silos-stablecoin - Increase SiloGovernor’s votingDelay: https://gov.silo.finance/t/proposals-to-adjust-xai-credit-lines-increase-protocol-fees-increase-silogovernor-s-votingdelay/384 - Team-controlled Safes: https://silopedia.silo.finance/governance/contracts-and-wallets

Hello all, We are pleased to announce the first isolated lending market for our very own $SILO token on Arbitrum! The SILOsilo will bring new utility to our token & unlock greater capital efficiency for token holders. Lend & Borrow in our SILO market: https://app.silo.finance/silo/0xae1Eb69e880670Ca47C50C9CE712eC2B48FaC3b6

Hello: We've added incentives to the following actions: - Deposit wstETH or ETH into wstETH silo - Arbitrum - Deposit USDC into OHM silo - Arbitrum - Deposit ETH into ETH/stETH Curve LP silo - Ethereum View all rewarded actions here: https://silopedia.silo.finance/xai-stablecoin/silo-rewards

The folks over at Aura Finance migrated multiple pools, including (50Silo-50WETH pool). We advise LPs who are providing liquidity in Aura's SILO pool to migrate to the 80Silo-20WETH pool to ensure they continue to received rewards without interruption. Migrate to: 80SILO-20WETH https://app.aura.finance/#/pool/78 Pool from: 50Silo-50WETH LP token address: 0x48607651416a943bf5ac71c41be1420538e78f87 Gauge Contract: 0x75cAceBb5b4a73a530EdcdFdE7cFfbfea44c026E

Please vote on SIP-78: Change XAI credit lines https://www.tally.xyz/gov/silo/proposal/5496151526489537024856049450296450995955915313345785206070720434570244410754 The proposal Remove/Add XAI in a number of silos. See a summary below: Silo Change type Change Amount XAI-ETH Remove - 1,500,000 USDC Remove -1,000,000 1INCH Remove -150,000 MKR Remove -150,000 SNX Remove -150,000 gOHM Remove -300,000 LUSD Remove -500,000 FRAX Remove -500,000 rETH Add 1,500,000 LQTY Add 300,000 wstETH Add 500,000 cbETH Add 250,000 OHM Add 300,000 CRV Add 350,000 stETH/ETH Add 350,000 LUSD/3CRV Add 350,000 FRAX/USDC Add 300,000 YFI Add 350,000 References: https://gov.silo.finance/t/proposals-to-adjust-xai-credit-lines-increase-protocol-fees-increase-silogovernor-s-votingdelay/384

We have released SiloRouterV2 ahead of our upcoming Curve release soon. The new router can handle Curve LP tokens which is necessary to handle Curve LP token deposits. SiloRouterV2 is fully audited by ChainSecurity. All new transactions are now handled by SiloRouterV2 and therefore you might be asked to do new approval transactions upon deposits/repayments etc. You can find SiloRouterV2 here: https://etherscan.io/address/0x8658047e48cc09161f4152c79155dac1d710ff0a#code

https://twitter.com/silofinance/status/1657145493909061632?s=46&t=zABBbykh6Y0twwldI6RxvQ

We executed two proposals to disable XAI as collateral in markets where XAI was NOT used as collateral. (no users impacted). Markets where XAI has zero borrowing power now: cbETH, FRAX, LUSD, wstETH, XAI-WETH, QNT, DAI, LINK, USDT, CRV, CVX, gOHM, MKR, RAI, SNX, WBTC, YFI, 1INCH, BAL, FXS, RPL, ALCX, LQTY What does Disabling XAI collateral mean? - XAI will have zero borrowing power. - You cannot borrow against XAI deposits. - XAI deposits do not improve your Health Factor. You can still deposit XAI to earn interest, and rewards if applicable. Deposit interest is earned when your deposit is borrowed out. Executed transactions: Transaction 11, 12: https://app.safe.global/transactions/history?safe=eth:0xE8e8041cB5E3158A0829A19E014CA1cf91098554

Reminder we have migrated liquidity incentives on Arbitrum to Camelot. If you are LPing on Sushi, please migrate your liquidity to Camelot. Here is how you can LP on Camelot for APRs ranging from 28.12% to 79.57% https://silopedia.silo.finance/silo-eth-liquidity-mining/providing-liquidity-on-camelot-arbitrum Pool: https://app.camelot.exchange/pools/0x48776552223FFca23125e8E9509E949732FAee72

You can simulate a borrow position to know how much APR you are going to pay after you borrow. The simulator is rather important when you plan to borrow a large amount that might increase the utilization of the borrowed asset above the optimal level, changing the borrow APR from Still to Dynamic. Read the short guide. https://silopedia.silo.finance/borrow/borrowing/simulating-a-borrow-position

@everyone Reminder to take action: UMAMI DEX liquidity has decreases significantly in the Uniswap V3 pool. https://app.silo.finance/silo/0xc0ab69fffeb5375235d8caa4f7218097bbcc0a0a We ask users to pay back loans and withdraw from the UMAMI market. Thank you.

Recommendation of action: UMAMI market https://app.silo.finance/silo/0xc0ab69fffeb5375235d8caa4f7218097bbcc0a0a UMAMI DEX liquidity has decreases significantly in the Uniswap V3 pool. To err on the side of caution, we ask users to pay back loans and withdraw from the UMAMI market. Reason When DEX liquidity decreases, lending markets become vulnerable to risks such as failed liquidations or oracle manipulation. Please remember that our markets are non-custodial and therefore the core team can only recommend actions. It is up to users to act. Thank you.

Please pay attention to the following Arbitrum executive proposal: Deploy two new markets on Arbitrum The transaction affects the following changes: - Deploy two new markets: WBTC; VELA. - WBTC will use WBTC/USD Chainlink price feed 🟢 - VELA will use a Uniswap V3 VELA/ETH oracle 🛑 The VELA oracle is vulnerable to manipulation at the moment and therefore the market will not be deployed on the UI until the oracle is initially safe to use. For users who interact directly with smart contracts, refrain from using VELA market yet. Details here: https://gov.silo.finance/t/executive-proposal-to-deploy-two-new-markets-on-arbitrum/370

Please pay attention to the following Arbitrum executive proposal: Register DIA oracles + deploy two new markets on Arbitrum https://gov.silo.finance/t/executive-proposal-to-register-dia-oracles-deploy-two-new-markets-on-arbitrum/369 Proposal affects the following: - Register DIA oracles in the protocol. DIA oracles become a price provider in addition to Chainlink, Uniswap V3, and Balancer V2. Going forward, we can deploy markets that use DIA oracles. - Deploy two new markets using DIA oracles: JONES (JonesDAO); SPA (Sperax). PS: Deployment means we deploy on Arbitrum but markets still need to be created on the Frontend. The proposal is lined up for execution in 48 hours.

Please vote on SIP-51: Change XAI price to USDC https://www.tally.xyz/gov/silo/proposal/71900872244274544333638818415946631847409847137643708107211792306603596904758 Proposal The proposal changes the way we value XAI in our market. - Current: XAI is hard-coded in the protocol to USD. 1XAI==1USD at all times - Proposed change: XAI will use ETH/USDC Chainlink price feed. 1XAI==1USDC at all times. Rational XAI is pegged to USDC on the market because it is paired with USDC on Curve and Uniswap pools. However, XAI is hard-coded to USD in our markets. That creates a systemic risk in the event USDC (and XAI consequently) de-pegs below $0.8 on the market - while XAI maintains $1 in our markets - creating opportunities to inflate collateral value and take larger loans than the system should allow. By pegging XAI to USDC in all our markets, we remove that systemic risk such that XAI's value fluctuates as USDC does, eliminating any opportunity to game the system. References Please check the following governance proposal: https://gov.silo.finance/t/proposal-to-peg-xai-to-usdc-market-price/346

We have shipped new Frontend (app) with the following: - New spend approval detection: We now check approved spending amount against the action amount and request another approval if the set spending amount is exceeded. The fix should resolve the issue we see have seen frequently with users not being able to repay. - An education risk lending popup: We hate popups but we like you to understand risk better. Next time you start the app, please read the educational message carefully and let us know if you have questions. - Minimum borrow set on $10 on Arbitrum: We have seen an influx of extremely small borrow positions, likely from airdrop hunters, that has put a tremendous pressure on our backends, increasing costs. Minuscule borrow positions also create liquidation issues because the liquidation bonus (fee) barely covers gas for such positions. - Fix for Coinbase wallets: Coinbase RPC was blocked, it is now whitelisted.

Good morning We have published a proposal for Silo incentives season 2. TL;DR - Program duration: 6 Month - Program value: $410,550 - Start date: May 14, 2023 - End date: November 10, 2023 - Sourcing $SILO incentives: Gradual market buybacks Share your thoughts by replying to the governance proposal or joining our Discord comunity. https://gov.silo.finance/t/silos-incentive-program-season-2/366

Executed successfully: Migrate $ARB to Chainlink ARB/USD oracle. All assets in the ARB silo usesChainlink price feeds now. Visit to verify: https://app.silo.finance/silo/0x0696e6808ee11a5750733a3d821f9bb847e584fb?screen=borrow

We've put a proposal up on governance to outline a clearer and more transparent way for contributors to propose changes to the Arbitrum deployment. Alongside this proposal and to serve as an example comes the transaction details for updating the $ARB oracle from UniV3 to Chainlink. These will be made available by the team prior to execution for users to review. As always any questions are welcome on the forum or at our Discord server. Read More: https://gov.silo.finance/t/arbitrum-governance-process-executive-proposal-to-migrate-arb-data-feed-to-chainlink/362

Please vote on a snapshot proposal: Integrate Silo Finance (Arbitrum) with DIA oracles PS: Vote is gas-free. https://snapshot.silo.finance/#/proposal/0xa6b5051b23999570bfefdacd5ae2a497a9d9e492b9f8126e5b6568b5962ed71a

A proposal to integrate DIA Oracles with Silo Arbitrum is live now on our governance forum. Please provide your feedback in the forum or in Discord (proposal-discussion channel.) https://gov.silo.finance/t/integrate-dia-oracles-with-silo-arbitrum/350 Once deliberated, we will upgrade the proposal to a snapshot proposal. Thank you.

We've posted a proposal to peg XAI to USDC (1XAI=1USDC) by changing XAI’s price feed to Chainlink ETH/USDC. TL;DR Following the recent USDC volatility, we believe keeping the price of XAI fixed to 1$ has risks of temporary price manipulations in the case of USDC de-pegging to below 85c - and never returning to peg. However, fixing the price of 1XAI=1USDC removes risks and thereby the protocol functions as expected. https://gov.silo.finance/t/proposal-to-peg-xai-to-usdc-market-price/346 Please share your feedback directly in the governance forum or #proposal-discussion. Reminder of our governance process: - Governance proposal for at least 1 day - If there is clear consensus, we move to on-chain proposal for execution - If consensus is not clear, we spin a snapshot proposal for temperature check. For new token holders, if you wish to participate in governance, please delegate your voting power to self or others delegates. Here is how. https://silopedia.silo.finance/governance/delegate-your-voting-power

It seems that a bull run might be forming. If you have deposited a stablecoin to borrow a volatile asset, you might want to keep an eye on your Health Factor (HF). Health Factor decreases if: - The value of your loan increases whilst the value of your collateral remains unchanged. - The value of your collateral decreases whilst the value of your loan increases or remains unchanged. *When HF equals zeros, you will be liquidated. * Two examples for illustration purposes: - If you've deposited XAI to borrow OHM, expect your HF to decrease if OHM rallies up. - If you have deposited XAI, or USDC, to borrow ETH, expect your HF to decrease if ETH rallies up. How to improve your HF? - Repay part of your loan. - Add more collateral. PS: Since our silos consist of 3 assets, you can add two assets as collateral to borrow the third. The two collateral assets will have a combined Health Factor. *See screenshot of a user borrowing ETH with MAGIC+USDC collateral. *

Believing in the importance of decentralizing our DAO further, the core team has provided SILO/ETH liquidity to a new balancer pool using personal funds. The liquidity will provide easier access to members wishing to join our SiloDAO. https://app.balancer.fi/#/ethereum/pool/0x9cc64ee4cb672bc04c54b00a37e1ed75b2cc19dd0002000000000000000004c1 Onward and upward 🐢

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