Silo Finance (SILO) news

Silo Finance

SIP-37 Proposal to set protocol fees to 10%

Action 1: Setting up fees

One time protocol fee for opening a borrow position in precision points (1e18):
entryFee = 0

Protocol revenue share in interest paid in precision points (1e18):
protocolShareFee = 10

Silo | SIP-37 Proposal to set protocol fees to 10%

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Please vote on two proposals: 

SIP-37: Proposal to set protocol fees to 10%
The proposal activates 10% fee on generated interest. Fee is applied on generated interest, not the loan. For example, if your loan generates $10 in interest, you will pay $10 to lenders and $1 to SiloDAO. 
https://www.tally.xyz/gov/silo/proposal/48152348489359833333290343275117141367313880186166922290441684153798483881562

SIP-38 Claim DAO's vested SILO
The proposal claims roughly 188M $SILO to the DAO's treasury from the vesting contract. The DAO will vest a total 450M over 3 years. 
The proposal will have no effect on token holders. DAO members control treasury's tokens through governance and can allocate them to sources that benefit the DAO.
https://www.tally.xyz/gov/silo/proposal/60379765723693416593133228393749213506767246855908169691535303723617200670428

Please vote on two proposals:. SIP-37: Proposal to set protocol fees to 10%.