Description
Silo is a platform for lending, borrowing, and building within the crypto space. Lenders can earn high yields with risk-isolation, allowing them to earn compounded interest and rewards. Borrowers benefit from high efficiency, low costs, and controlled risk through isolated markets. Silo Vaults enable users to manage liquidity across markets to earn fees and incentives. For developers, Silo provides a programmable and customizable Hooks Stack to deploy innovative and secure lending markets, leveraging a fully audited and battle-tested codebase. The platform emphasizes security through extensive audits, formal verification, and a bug bounty program. The SILO token has been upgraded to xSILO to allow holders to share in protocol growth, stake, earn, and participate in governance across multiple chains.