avatar

Decentralized Lending Protocol Silo Finance Live in Beta on Ethereum Mainnet

Decentralized lending protocol Silo Finance announced that it's live in beta on Ethereum mainnet. Currently, Silo Finance accepts 9 tokens as collateral, which are $USDC, $WTBC, $FRAX, $FXS, $APE, $wstETH, $CVX, $CRV and $BAL. Each asset has its own silo, and $ETH is accepted as collateral across all silos. Now the silos are each capped at 500 $ETH in TVL. The cap will be increased over the coming weeks until eventually removed.
Source

DeFi

Ethereum

Lending

In This Article

Related News
Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Latest News More More
12 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open