We have successfully broken 21m TVL in the Silo Llama $CRV silo in less than a week. Wait a minute.
22 Aug 2023, 10:09
š We have successfully broken 21m TVL in the Silo Llama $CRV silo in less than a week!
š§ Wait a minute... $13m $CRV deposited but only $70k available to borrow at 53% utilization?
Something doesn't add up š¤
Let us introduce you to protected deposits š
Same news in other sources
222 Aug 2023, 10:09
Borrow against your big daddy positions without fear of shorting by using a protected deposit š¤
Check out how to do it here: /SiloFinance/status/1681766165964808192
#SiloTheRisk
Borrow against your big daddy positions without fear of shorting by using a protected deposit.
Borrow against your big daddy positions without fear of shorting by using a protected deposit š¤
Check out how to do it here: /SiloFinance/status/1681766165964808192
https://t.co/yt2i0XfEfh
#SiloTheRisk
22 Aug 2023, 10:09
4ā£ Protected Collateral
Silo gives all users the option to make protected deposits, meaning depositing collateral that cannot be borrowed out.
This prevents shorting action while ensuring you can withdraw funds -even if utilization is 100%!
Protected Collateral.
4ā£ Protected Collateral
Silo gives all users the option to make protected deposits, meaning depositing collateral that cannot be borrowed out.
This prevents shorting action while ensuring you can withdraw funds -even if utilization is 100%!