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SILO rewards

Season 2 (started May 15, 2023)

Sourced through the token buyback program, the SiloDAO has allocated roughly 3.7M SILO tokens to incentive lending in certain markets. The program started on May 15, 2023 and will last for 6 months.

Incentivized actions

Ethereum

Market
Incentivized action
Emissions (30 days)
cbETH
Deposit cbETH
(Allow borrowing)
33,333
cbETH
Deposit ETH
(Allow borrowing)
77,778
rETH
Deposit rETH
(Allow borrowing)
40,000
rETH
Deposit ETH
(Allow borrowing)
93,333
wstETH
Deposit wstETH
(Allow borrowing)
13,333
wstETH
Deposit ETH
(Allow borrowing)
53,333
OHM
Deposit OHM
(Allow borrowing)
16,667

Arbitrum

Market
Incentivized action
Emissions (30 days)
ARB
Deposit ARB
(Allow borrowing)
50,556
ARB
Deposit USDC
(Allow borrowing)
93,889
ARB
Deposit ETH
(Allow borrowing)
33,333
DPX
Deposit USDC
14,583
DPX
Borrow USDC
4,861
DPX
Deposit ETH
14,583
DPX
Borrow ETH
4,861
GMX
Deposit GMX
(Allow borrowing)
10,000
GMX
Deposit USDC
(Allow borrowing)
23,333
GNS
Deposit GNS
(Allow borrowing)
4,167
GNS
Deposit USDC
(Allow borrowing)
12,500
JONES
JONES USDC
(Allow borrowing)
2,778
JONES
Deposit USDC
(Allow borrowing)
8,333
MAGIC
Deposit MAGIC
(Allow borrowing)
4,167
MAGIC
Deposit USDC (Allow borrowing)
12,500
PREMIA
Deposit PREMIA (Allow borrowing)
1,850
PREMIA
Deposit USDC (Allow borrowing)
5,550

Season 1 (ended May 13, 2023)

The SiloDAO allocated 1.3M SILO tokens to incentive borrowing and lending in certain markets. The program Started on March 13, 2023 and ended on May 13, 2023.

Incentivized actions

Ethereum

Market
Incentivized action
Total emissions (30 days)
cbETH
Deposit cbETH (Allow borrowing)
37,634
cbETH
Borrow XAI
40,322
cbETH
Deposit ETH (Allow borrowing)
64,516
OHM
Borrow OHM
64,516
rETH
Deposit rETH (Allow borrowing)
37,634
rETH
Deposit XAI (Allow borrowing)
40,322
rETH
Deposit ETH (Allow borrowing)
64,516
wstETH
Deposit wstETH (Allow borrowing)
37,634
wstETH
Borrow XAI
40,322
wstETH
Deposit ETH (Allow borrowing)
64,516

Arbitrum

Market
Incentivized action
Total emissions
ARB
Deposit ARB (Allow borrowing)
161,290
ARB
Deposit USDC (Allow borrowing)
268,817
DPX
Borrow USDC
43,010.75
DPX
Deposit ETH (Allow borrowing)
53,763.44
DPX
Deposit DPX (Allow borrowing)
64,516.13
DPX
Deposit USDC (Allow borrowing)
80,645.16
MAGIC
Deposit MAGIC (Allow borrowing)
64,516.13
MAGIC
Borrow USDC
86,021.51

FAQ

What's the duration of the reward program?

Rewards started on March 14 and end on May 13, 2023 (~60 days).

How can I claim?

1- Go to dashboard and click on "Claim".
2- Once a popup propagates, click on "Claim" button.
3- Confirm the claim transaction.

Do I need to stake to earn rewards?

You don't need to do any staking action. You earn rewards passively.

Is there a use case for $SILO?

token holders controls the Silo lending protocol via voting. For additional rewards, you can provide liquidity to several pools.
When veSILO goes live later this year, token holders will be endowed with additional utility.

Where do rewards come from?

Rewards are sourced from DAO's revenue through a buyback program. You can read more informaton here.
A comprehensive incentive program will be launched along with veSILO later this year, using the DAO's 450M $SILO.