The crypto market is going through sever volatility at the moment. Our treasury is safe. Our funds are on-chain.
10 Nov 2022, 13:10
The crypto market is going through sever volatility at the moment. Our treasury is safe. Our funds are on-chain. We have zero exposure to centralized exchanges or funds. We don't gamble with the future of our DAO. We keep building. We believe volatility will give birth to a true decentralized finance.
As of this morning, shorts on USDT are accumulating. If USDT loses its peg due to a bank un, traditional lending markets become risky because of the one-pool design.
Our thesis for risk-isolated, long-tail lending markets remain firm.
Today we start rolling out new markets. We will never stop until Silo is home for all token assets.
Stay safe and remember to #SiloTheRisk!