Silo Finance (SILO) news

Silo Finance

Proposal  We propose deploying 897 ETH from SiloDAO’s treasury to bootstrap liquidity in silos.  For ease of deployment and rebalancing, we recommend moving ETH to the development fund that is controlled by the core team. The amount of ETH to be deployed as well as silos that would receive liquidity can be determined by token holders via snapshot voting. Unused ETH can remain in the development fund for future uses following the governance process.  Rationale  As a newly deployed lending protoco...

Deploy ETH from Community Treasury to bootstrap silos (Lending Markets)

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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