Founding Contributor @silofinance TG: Ayham.eth
- Tweets 1,325
- Following 1,200
- Followers 1,642
- Likes 1,748
I admire Terra's community/team but if a stablecoin cannot maintain its peg under dire circumstances, attacks and otherwise, its mechanism is flawed and needs a complete overhaul.
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As @SiloFinance co-founder, I’ve seen @SonicLabs boom with killer tech (so fast our UI couldn’t keep up!), solid support, dope community, sweet rewards, and best of all, vision!
Sonic’s laid the foundation for Silo v2 to thrive.
Eggcelerate! 💥
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Congratulations to the @SonicLabs family 🍻.
See you at $2 Billion.
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We are working on permissioned lending markets for institutions, leveraging Silo Hooks - and they will be available on Sonic.
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- Deposited $DPX
- Borrowed USDC
- Repaid in 10 seconds
- $0.1 gas
I'm Lovin 💙,🧡
#SiloTheRisk is coming to @arbitrum
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Silo Labs has completed the compliance process and officially qualified for the STIP grant.
1M $ARB coming to our silos 🏭
@SiloFinance 💙🧡 @arbitrum
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henlo @newmichwill
@SiloFinance has an isolated lending market for $CRV.
- Deposit $CRV in protected state (CRV becomes non-borrowable collateral)
- Borrow $XAI stablecoin
We're creating XAI-crvUSD pool soon!
Links 👇
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Congratulations ♥️
Hard work, patience, humility, and community support are the reasons behind our humble success.
TVL matters, but our primary success metric is Total Value Borrowed (TVB), which is at ~$47M today.
Our goal is $1B TVB.
Silo V2 soon!
@SiloFinance
𝐓𝐖𝐎 𝐇𝐔𝐍𝐃𝐑𝐄𝐃 𝐌𝐈𝐋𝐋𝐈𝐎𝐍 𝐃𝐎𝐋𝐋𝐀𝐑𝐒 𝐈𝐍 𝐓𝐎𝐓𝐀𝐋 𝐕𝐀𝐋𝐔𝐄 𝐋𝐎𝐂𝐊𝐄𝐃
🚀 Everybody's favourite risk-isolated lending market has once again reached new frontiers.
🫶 Thank you to our finest warriors for joining us on this spectacular ride.
#SiloTheRisk
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Silo crushed it yesterday, surpassing $500M!
We poured over a year into coding/securing Silo v2. It is lending infra done right.
Powered by Hooks, expect innovative lending concepts and integrations—risk isolation and high yields at the core.
And @SonicLabs first, always.
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Welcome @Rocket_Pool to the @SiloFinance family.
$rETH has a risk-isolated lending market now.
Unlike shared-risk lending markets, our silos shield you from risk 🛡️.
Each silo is its own island 🏝️ 🍹😌.
There is 100 ETH in the market now.
Deposit $rETH <> Borrow $ETH.
🧵
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I've asked SiloDAO to integrate @DIAdata_org oracles. Token holders decide.
Integration expands Silo Arbitrum to include:
- $GRAIL
- $JONES
- $PLS
- $SPA
And many more.
The DIA chads already deployed the oracle 🫡♥️:
forum.diadata.org/t/cdr-042-…
gov.silo.finance/t/integrate…
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First lending market for $ARB anywhere.
Lend & borrow $ARB isolated.
app.silo.finance/silo/0x0696…
@SiloFinance 🤝 @arbitrum
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Our STIP proposal has reached quorum, thanks to all delegates and supporters in the @arbitrum ecosystem.
♥️🧡💙
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$rETH is coming soon to @SiloFinance.
The @Rocket_Pool fam deserves a risk-isolated lending market 🛡️. $rETH holders will borrow ETH or $XAI without sharing risk with other markets.
Our silos will be home to all ETH staking derivatives🤝
#SiloTheRisk 😌
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Risk isolation is the new trend in DeFi.
Silo V1 fully isolated - V2 f*****g rad
GMX V2 isolated🧠
Aave v3 sort of isolated 😵💫
Where do you deposit your funds?
For support, call 800-gary-got-you
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Congrats to our friends @carbondefixyz for releasing Carbon.
I love Uniswap V3 concentrated liquidity but I have to monitor positions and withdraw liquidity to finalize an order.
On Carbon, orders trade in a single direction and are final upon execution.
1/ GM!
Today marks a new era for on-chain trading and concentrated liquidity strategies.
carbondefi.xyz is live on #Ethereum Mainnet and ready for your recurring range trading strategies!
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We've created the perfect isolated lending market:
$ARB - $ETH - $USDC
Bring your bags!
app.silo.finance/silo/0x0696…
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Silo v2 will take lending to new frontiers.
Still committed to risk isolation, but now we can pack money markets with innovative features to improve DeFi.
Come build on @SonicLabs and rewrite DeFi with us.
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Silo is building towards DeFi 3.0.
Yesterday we launched isolated lending markets for esoteric assets (Curve LP tokens).
We're learning...
Silo V2 pushes the lending frontier a few miles 🧭.
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$rETH gets a risk-isolated lending market soon.
Borrow <> Lend $rETH with peace of mind 🏝️😌
@SiloFinance 🫂 @Rocket_Pool
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3.8M $CRV available to borrow in $CRV <> $crvUSD isolated lending market.
- Deposit crvUSD -> Borrow CRV
- Deposit CRV -> Borrow crvUSD
app.silo.finance/silo/0x96eF…
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Met the one and only @sergeynazarov in real life today.
In addition to using their data feeds, we're excited about CCIP which will be part of the upcoming veSILO.
@SiloFinance 🤝 @chainlink
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Breaking news 🔥
@OlympusDAO just deposited 200K $OHM into the OHM isolated market.
Risk isolation is Silo's superpower 🦸♂️
When you borrow $OHM, your positions do not share risk with other silos 😌🏝️.
@SiloFinance 🤝 @OlympusDAO
🧵
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Bring your $ARB & $USDC bags to Silo.
Nice APRs.
We're building the deepest isolated lend/borrow market for $ARB.
app.silo.finance/silo/0x0696…
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We're excited to reach $1MM TVL on Silo Arbitrum, impressive organic growth.
We thank our growing community and promise to deliver more and better ♥️.
Steady to 10MM 📈
- New markets
- $SILO rewards
@SiloFinance ♥️ @arbitrum @dopex_io @UmamiDao
#SiloTheRisk
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We begin distributing 1M $ARB tokens to our users on @arbitrum.
Insane APRs.
Don't miss out.
app.silo.finance/arbitrum
🧑🌾 Get your farmer hats on, people - $𝐀𝐑𝐁 𝐒𝐞𝐚𝐬𝐨𝐧 𝐢𝐬 𝐍𝐎𝐖 𝐋𝐈𝐕𝐄!
We'll be distributing 𝟏,𝟎𝟎𝟎,𝟎𝟎𝟎 $𝐀𝐑𝐁 tokens to 15 markets over ~3 months.
Check out some of our current rates on Silo @arbitrum below 👇
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Ideate - Test - Learn ♻️: Our life at the @SiloFinance headquarters.
Soon you'll be able to deposit $DAI or $USDT to borrow our over-collateralized stablecoin $XAI at fixed 2% APR.
$XAI is earning 16% on Frax @ConvexFinance.
#SiloTheRisk & grab some $SILO
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Discord is the cornerstone of our community. Join us if you have not already.
Share with your homies
discord.gg/silo-finance
#SiloFinance
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Today we rolled out Silo v2-α.
While Silo v1 established risk isolation as a major vertical in DeFi, v2 aims to scale isolated money markets and plug them seamlessly into other dApps, creating unprecedented use cases and simplifying the user experience.
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Univ3 forks = more TWAPs = more silos on all chains
We need to figure out a way to secure those TWAPs.
LFG
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We’re happy to share our vision for Silo v2:
Programable lending markets
Silo v2 brings:
1- Scalability to isolated markets
2- Tools to capitalize on growing DeFi ecosystem without having to upgrade the protocol
👇
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I'm super bullish on @SiloFinance - the team is at its absolute best!
Yesterday we added 7.25M XAI to reputable assets like $LUSD $FRAX $LINK & increased $gOHM credit line to 1.4M.
Next:
- Rewards program
- Markets for Curve LP tokens
Prepare to borrow -risk isolated🏝️
👇
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SiloDAO turned on the protocol fee this morning and set it to 10% of earned interest.
@SiloFinance 💸
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Who is gonna be first to buy $SILO on @arbitrum?
We've created SILO/ETH pool on @SushiSwap.
Links: 👇
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Time to design some creative shit!
@SiloFinance is hosting a creative contest!
More details👇
medium.com/silo-protocol/the…
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Great milestone today!
$SILO: $FRAX gauge will begin receiving $CVX & $CRV emissions soon!
Thank you
@ConvexFinance @redactedcartel @fraxfinance
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What's on Monday? Could it be DeFi anticipating @SiloFinance's launch on @arbitrum?
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100% APR on your USDC in $ARB isolated lending market due to large demand.
Give us your USDC bags🤑
Deposit and earn the highest interest rate on USDC across all DeFi (currently).
app.silo.finance/silo/0x0696…
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Thanks, Michael! Imagine if we used EVC to link our vaults with yours—that’d be awesome! It could create a killer, interconnected lending platform. What do you think?
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An exciting day for the Silo fam!
Rolling out Silo v2-α soon ⌛️
New concepts for lending markets in the making (love our hooks) 🪝
Revenue sharing begins soon (pending DAO's approval) 💰
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A Silo's tale📖:
$UMAMI chads go hard for $USDC, driving utilization above critical
Silo's dynamic interest rate model starts to increase borrowing APY rapidly, driving repayments / deposits
$USDC lenders earn juicy 123% now, ~448% in 3days
The end!
app.silo.finance/silo/0xc0ab…
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$LUSD is becoming a major backer for our stablecoin $XAI: ~Half milly LUSD borrowing $XAI & LPing in XAI Convex pool for 14%-19% APR.
Not bad for a 1-week old silo.
$LQTY deposit APY sits at 15%. LQTY depositors are borrowing $XAI.
I'll be giving the news to @LiquityProtocol today in person at #ETHDenver 🤝
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SiloDAO is considering signing the Seal Safe Harbor Agreement to protect protocol funds during active exploits.
Every DAO should consider doing the same.
Thank you, @samczsun , for authoring the proposal. We appreciate Security Alliance's work for a safer DeFi.
👇
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PT-aUSDC lending market is an excellent example of how Silo's isolated markets work harmoniously with shared-pool markets like Aave.
Leverage yield and triple-dip in Sonic points + Silo points 🦧
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#ETHDenver far exceeded our expectations!
I fly back to Austin with much enthusiasm & determination to advanse Silo Finance to the center of DeFi.
Thank you everyone for the support you have extended to Silo ♥️
BAK ⌨️
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@SiloFinance pays you to borrow $USDC across many isolated markets. Same goes for borrowing ETH too.
app.silo.finance/arbitrum
👇
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Slowly & surely we become home for $rETH, $cbETH, $cbETH.
Isolated lending markets for all LSDs.
#SiloTheRisk 🏝️😌
app.silo.finance
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We're looking for a marketing lead to join the core team.
- Flat org. - no bosses
- Freedom to experiment and create
- Early-stage project
$5K referral fee if you know a talent!
silo-finance.breezy.hr/p/17b…
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I like Votemarket by @StakeDAOHQ - we are giving it a shot this cycle to incentivize our $SILO/ETH @Balancer pool
Shoutout to the StakeDAO chads!
You give: veBAL votes
You receive: $SILO
We are now incentivizing our SILO:ETH @Balancer pool via @StakeDAOHQ.
Vote for our gauge now to earn incentives!
Vote here: votemarket.stakedao.org/adva…
#SiloTheRisk
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Another audit in the bag for Silo V2 ✅
Cantina contest is complete:
- Impressive participation: 64 researchers
- 247 reports📚
- No criticals: Funds ✅
- 1 High (IMO should be medium, but...)
👇
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Liquidation price is a cool feature we just rolled out.
- I get liquidated if ETH goes down to $939
or
- $rDPX goes up to $36.39 - don't pump it @chutoro_au
I can set up price notifications to adjust my position.
Another reason to use @SiloFinance
Bring your bags in💰
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We are super excited to join @Rocket_Pool Twitter Space tomorrow.
Set a reminder, we're dropping some alpha.
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$QNT silo grows steadily 💪. QNT chads borrow $XAI and LP on Convex for 15%-19% APR.
QNT oracle is strong, and market is posed for more growth.
@SiloFinance 🤝 @quantnetwork
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Ethereum Shanghai upgrade is expected ~ Sep. 2023.
We're making some LSDs:
- New LSD silos
- LSD LP tokens -> collateral to borrow $XAI or ETH
👇
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$YFI isolated market on @SiloFinance LLama is picking up.
$crvUSD lenders earn roughly 20% APR.
$YFI can be collateral to borrow crvUSD.
$YFI has decent DEX liquidity. I estimate liquidity can support a healthy lending market in ~$3M borrowed $crvUSD (Users need to do own research).
👇
app.silo.finance/silo/0xb082…
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Welcome to the family $PREMIA.
Borrow. Lend - Isolated 🏝️😌
@PremiaFinance ♥️
We're happy to host the first-ever $PREMIA lending markets on Silo!
@PremiaFinance brings automated options markets using real-time data and market demand to price options efficiently.
Lend or borrow here: app.silo.finance/silo/0x5eda…
#SiloTheRisk
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TVL is overrated, DAUs not.
Our nascent lending markets see 500-1000 Daily Active Users, lending & borrowing in small and large size!
Isolated lending markets are fundamental to robust DeFi.
One day not far away, @SiloFinance will be serving 100Ks DAUs.
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Charts are coming to our markets: UI/UX & FE teams have been shipping incredible features non-stop ♥️
Tons of things coming soon that will pump TVL & use.
app.silo.finance
#SiloTheRisk
$XAI - $SILO
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There isn't too-big-to-fail token today. Traditional lending protocols are rushing now to adjust borrowing factors fearing insolvency.
Our silos isolate risk. If you are a depositor in one market, your risk resides in one market only. You know the risk you're taking in advance!
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We've created healthy lending markets on @arbitrum in a few weeks span.
PMF ✅
As Arbi's ecosystem scales up, Silo will bring hundreds of money markets to under-served crypto projects.
SiloDAO should allocate future $ARB towards that mission.
@SiloFinance 🔥 @arbitrum
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We've designed Silo v2 to be the best place for Stablecoin issuers of all flavors.
Through v2 hooks, lending markets and stablecoins' issuing and saving modules integrate seamlessly to optimize yield, simplify UX, and reduce borrow rates.
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ETH earns high deposit/rewards APR in $wstETH and $rETH markets on Silo Finance Arbitrum.
app.silo.finance
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$XAI @CurveFinance pool is so imbalanced, depositing 1M XAI single-sided still nets you positive slippage (more LP tokens).
Simple opportunity:
Go to @SiloFinance, deposit ETH -> borrow XAI at 0.1% fixed interest rate -> LP in Curve pool.
@ConvexFinance pays 13%-16%
Links👇
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if it's not on-chain, it's never happened!
Time for the broader community to learn about decentralization!
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Value capture has become much more challenging in DeFi for dApps. SiloDAO needs a much bigger vision to thrive!
🤔
New ecosystems beyond Ethereum?
Products complementary to lending?
Completely new products?
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What a tough weekend it was.
We slept little, worked a lot, but pulled through.
Lend & borrow isolated 🏝️😌
With all the mayhem in the space right now, let’s take a quick look at what has been happening behind the scenes at Silo.
We will be covering:
- $USDC de-peg and steps taken
- Silo security
- $SILO incentive program
- $XAI Curve Pool
- Interest rate arbitrage
👇
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Silo has never been exploited. The vulnerability was reported in late April and disclosed on June 6.
You could have spent a few minutes to check facts before you tweeted.
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Sir, if you read transactions closely you see the user is closing positions on Aave and depositing into Silo Llama.
There is not any need for theatrics!
Your last line in the tweet is completely unnecessary. Just read the transactions to get a full picture!
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Buildooors innovate! Silo v2 will change lending.
555 days since Silo v1's deployment, it is time to unveil the new vision for risk-isolated lending.
𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠: 𝐒𝐢𝐥𝐨 𝐯𝟐
Silo v2 consists of three releases:
1⃣ Silo v2 Markets
2⃣ veSILO Governance
3⃣ Liquidity Vaults
Welcome to the future of lending 👇
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He is also a good guy because he is returning the funds, which is the important thing to focus on.
Respect to him 🫡
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Great point.
We've coded this feature in our smart contracts to give users a better handle on risk.
In our silos, you can open two borrowing positions:
- One where you are disallowing others to borrow your collateral
- One allowing it
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yes.
xSushi posed systemic risk to all depositors in Aave back in Oct. 2021 due to a mint issue with the token smart contract that was whitelisted by Aave governance.
Back then all assets were borrowed out up to capacity to prevent draining the entire protocol until governance would disable xSushi as collateral.
The scary aspect about the above incident was that Aave had been sitting on the time bomb for months until Yearn team alluded to it in a public tweet.
More here: governance.aave.com/t/analys…
DeFi has a serious "Unknown Knowns" issue:
Shared-pool risk is real but we ignore it.
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USDC borrow APR in $SILO isolated lending market is at 19.95% despite utilization being far from peak optimal.
That's because we use a new interest rate curve that sets steeper rates at lower utilization points.
Interest rate should be congruent with risk.
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