@everyone We've been hard art work. As we prepare to add XAI to our lending protocol as a bridge asset, a proposal has been posted in our governance forum to add 57 markets to our protocol. Please keep in mind the following: - Adding new markets require the passing of executive proposals. The DAO will have to vote on those proposal. Adding 57 markets at once will require creating many proposals. Don't be spooked by the sheer numbers of new proposal that you will soon see on Tally. - You will NOT see 57 markets in the UI at once. The core team will release them gradually in weekly batches. The gradual release of new silos allows the core team to execute co-promotion campaigns with partner communities. - gOHM market requires a separate proposal as we first need to add a new custom oracle to the protocol. We explain in the proposal. https://gov.silo.finance/t/deploying-57-new-silos-to-the-protocol/306 Please join discord and share your thoughts in the #proposal-discussion channel.

Please upvote this request to add $SILO to Zerion. https://roadmap.zerion.io/b/token-requests/adding-silo-1 Thank you.

Yesterday we posted an executive proposal (SIP-18) to unregister our current Chainlink price provider and register a new one with additional functionalities ahead of a major release. SIP-19 is an improvement proposal and NOT related to any bug. We simply don't want to maintain two versions of Chainlink price provider. The proposal is posted by our new deployer (0x648fC573e25cEbA091D412376d27194F7790fe83). The new Chainlink price provider does two additional functions: - It exposes _getFallbackPrice in order to make it easy to verify and debug. - It makes methods virtual so we can easily override in a future. Find the proposal here: https://www.tally.xyz/governance/eip155:1:0xA89163F7B2D68A8fbA6Ca36BEEd32Bd4f3EeAf61/proposal/97859304681222720361552780023255406339580576673910139857812184566647750569334

With the incentives deployed to $AURA holders, our SILO:ETH gauge on Balancer is currently paying some juicy rewards! Whilst you can stake your SILO:ETH BPT on either Balancer on Aura, staking on Aura gives you access to boosted $BAL and $AURA rewards. Read here to find out more: https://silopedia.silo.finance/lping-for-usdsilo-on-aura-balancer

cbETH is now live. https://app.silo.finance/silo/0x2eaf84b425822edf450fc5fdeec085f2e5ada98b Deposits are capped at 250 ETH given the oracle's risky state. Please read more. https://silopedia.silo.finance/risks/oracles

The core team just deployed 450 ETH to 9 silos, executing on the latest community proposal. 50 ETH is deposited to every active silo. You can borrow ETH at a very low borrow APY by depositing any of the 9 collateral assets accepted i.e. WBTC, APE, CVX, CRV, FXS, FRAX, BAL, wstETH, USDC. Exciting updates on the call tomorrow. Remember to #SiloTheRisk!

We are bribing holders of vlAURA with $10,000 (180,000 SILO) to vote for $BAL emissions to our SILO/ETH balancer pool. If you hold vlAURA, please vote for SILO/ETH. Vote for SILO/ETH: https://snapshot.org/#/aurafinance.eth/proposal/0xa8aad15bcc32c7bfd10f3d88f255dff66ebf33088b094e2ea5a7900e58777fbb View bribes on Hidden Hand: https://hiddenhand.finance/aura?slug=aura What does this mean? Liquidity providers in the SILO/ETH pool will be earning $BAL rewards starting September 22. More about this later next week. References: Adding bribes tx: https://etherscan.io/tx/0x1eabcf4edcf2aa0edc701d4e777c6a2a46862009d12ec225982df9ca128b848b

We're having a community call on Friday at 10:00 AM ET. The call will be recorded. Set a reminder / Join the call: https://twitter.com/i/spaces/1mrxmkqNVPdGy

Silo/ETH Balancer pool is now live. We've seeded the pool with 6 ETH and 165K $SILO. You can farm $BAL by adding liquidity anytime after September 22, 00:00 UTC. What to expect - We expect liquidity providers (LPs) to receive roughly $25,000 worth of $BAL emissions every 28 days. This is equal to 30% APY when the pool has ~$1M in liquidity. This is an estimate only. -$BAL emissions to our pool is determined by veBAL and vlAURA holders. We will be bribing vlAURA holders through Hidden Hand. -$BAL incentives begin on Thursday, September 22 at 00:00 UTC. How to farm - Add liquidity to the pool: https://app.balancer.fi/#/pool/0x48607651416a943bf5ac71c41be1420538e78f87000200000000000000000327 - Claim $BAL from Balancer app directly. Happy farming! References - https://llama.airforce/#/bribes/overview/hh/aura-bal - https://docs.aura.finance/aura/governance/gauge-voting - https://docs.redacted.finance/products/hidden-hand/balancer-vebal-market

Please vote on a snapshot proposal to deploy ETH to active silos. If passed, we will deploy 450 ETH to 9 silos post Ethereum merge at the rate of 50 ETH per silo. Deployed ETH will be rebalanced between silos based on the ETH utilization rate in each market. Vote here https://snapshot.org/#/silofinance.eth/proposal/0x013bbb154af9317ab7a78b72a498d16e069fdba5e78b710e6785fc938d644e76 References https://gov.silo.finance/t/deploy-eth-from-community-treasury-to-bootstrap-silos-lending-markets/279 https://snapshot.org/#/silofinance.eth/proposal/0x81c83fa869b817a3b2f455234e2490dbcc2e6741b88269568aa979986189050e SIP-15 executed: https://etherscan.io/tx/0x1f4c8c307c2a4471f45f1bba2fb2f0eebaef58909588e0c0a5cbfef5cbe6cac5

Please vote now on SIP-16: Configure a silo for cbETH on Ethereum Mainnet https://tinyurl.com/3fspfayx If the vote is passed, actions will be executed on-chain, resulting in the configuration of a borrow/lend market for cbETH.

Silo bug bounty program is live on immunefi! Calling all bug hunters to help us strengthen our protocol. :Up to $100K bounty reward per bug for grabs. Participate now: https://immunefi.com/bounty/silofinance/

—Welcome to Silo Protocol — Secure money markets for all crypto assets Silo nation, This is Silo Protocol official TG community. This is not a place to chat about price or the market. The conversation is Silo-focused only. Anything promotional or irrelevant is going to be removed. We encourage everyone to engage in civilized conversations - no harassment, sexism, racism, or hate speech. —Paternships— Email us at info@silo.finance —Official Links— - Official Channels: http://linktr.ee/SiloFinance - Governance forum: gov.silo.finance - Silopedia: https://silopedia.silo.finance/ - Twitter: https://twitter.com/silofinance - Discord: discord.gg/silo-finance - Website: https://silo.finance/ - Lending app: app.silo.finance - TG Announcement: @silo_finance - TG Stickers: https://t.me/addstickers/SiloFinance —Trade $SILO— $SILO Ethereum - Cow Exchange: https://swap.cow.fi/#/1/swap/ETH/Silo - Balancer: https://app.balancer.fi/#/ethereum/pool/0x48607651416a943bf5ac71c41be1420538e78f87000200000000000000000327 $SILO Arbitrum - Sushi pool: https://www.sushi.com/earn/arb1:0xccc2084bf31c53868871e416547140abf9c3fd39 —Listings— - Coingecko: https://www.coingecko.com/en/coins/silo-governance-token - CoinMarketCap: https://coinmarketcap.com/currencies/silo-finance/ - Etherscan: https://etherscan.io/token/0x6f80310ca7f2c654691d1383149fa1a57d8ab1f8 - Arbiscan: https://arbiscan.io/address/0x0341c0c0ec423328621788d4854119b97f44e391 ⚠️⚠️⚠️ Beware ⚠️⚠️⚠️ Admins will never DM you first , ask you to validate your wallet or ask for your Seed Phrase!