The Tie Research
Silo Finance: An Isolated Advantage
By Gustavo Lobo
April 28, 2023
- Whitelisting any token assets without the reliance of governance. Liquidity constraints are set by the market, not governance.
- Enabling deeper liquidity by having one isolated pool for each asset
- Improved scalability by allowing any crypto asset to be listed as long as it can find a counterparty.
- Genesis Protocol-Owned Liquidity (10%) — Distributed in the public auction; claimable immediately after the auction
- Community Treasury (45%) — Linear vesting for three years; controlled by the community through governance
- Early Contributors (6.75%) — Linear vesting for four years with a 6-month cliff starting after TGE
- Founding Contributors (21.75%) — Linear vesting for three years with a 6-month cliff starting after Token Generation Event (TGE)
- Early Community Rewards (0.2%) — Airdropped to community members in January 2022
- Early Investors & Early Advisors (6.30%) — Linear vesting for two years with a 6-month lock starting after TGE
- Future Contributors & Future Advisors (10%) — Linear vesting for four years with a 1-year cliff starting after joining the DAO
- Start SILO: FRAX Pool on Curve v2 to drive liquidity
- Market buy $CVX tokens to gain voting power within the Curve DAO
- Use the newly obtained voting power to vote for CRV emissions to the SILO: FRAX pool.
- USDC, CRV, CVX, FXS, FRAX, APE, BAL, wstETH, WBTC.
- USDC, CRV, CVX, FXS, FRAX, APE, BAL, wstETH, WBTC, ETH.
- Silo Finance has completed audits from ABDK and Quantstamp, as well as released a Certora Formal Verification Report, all of which can be found here.
- At the time of writing, SILO token's only use-case is for governance. The Silo DAO will use it for voting on proposals that include controlling pool parameters, directing DAO-owned liquidity, veSILO emissions, etc. There is currently no other incentives/utility built into the $SILO token.
- The price of $SILO is expected to be volatile over the coming weeks as the market seeks fair value post-launch/Balancer incentives.
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