Deploying markets (Silos) through on-chain votes.
Silo is a decentralized protocol that implements permissionless money markets (silos). At the moment, silos can only be created for token assets with liquidity pools on Uniswap V3 (ETH pairs only) and Balancer V2.
We propose the following process in monthly cycles to add new silos:
- 3.Community runs a snapshot vote on requested markets. Votes must include collateral parameters and price oracle for each silo.
- 4.Core team carefully screens voted markets and shares recommendations on collateral parameters, price oracles, and interest model configuration for each token asset.
- 5.The Core team, or the community, creates on-chain votes to deploy silos based on vote results.