Links
Comment on page

SILO rewards: Season 5

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.

Season 5 (September 14 - October 13, 2023)

Incentivized actions

Ethereum

Market
Incentivized action
Emissions (31 days)
cbETH
Deposit cbETH
(Allow borrowing)
15,556
cbETH
Deposit ETH
(Allow borrowing)
16,667
rETH
Deposit rETH
(Allow borrowing)
13,333
rETH
Deposit ETH
(Allow borrowing)
27,222 -> 23,333
wstETH
Deposit wstETH
(Allow borrowing)
16,667 -> 5,556
wstETH
Deposit ETH
(Allow borrowing)
31,111 -> 26,667

Arbitrum

Market
Incentivized action
Emissions (31 days)
ARB
Deposit ARB
(Allow borrowing)
72,222 -> 49,444
ARB
Deposit USDC
(Allow borrowing)
111,111 -> 311,111
ARB
Borrow USDC
0 -> 133,333
ARB
Deposit ETH
(Allow borrowing)
50,000 -> 35,000
ARB
Borrow ETH
0 -> 15,000
wstETH
Deposit wstETH
(Allow borrowing)
16,667
wstETH
Deposit ETH
(Allow borrowing)
25,000 -> 15,556
wstETH
Borrow ETH
0 -> 6,667
wstETH
Deposit USDC
(Allow borrowing)
25,000 -> 15,556
wstETH
Borrow USDC
0 -> 6,667
rETH
Deposit rETH
(Allow borrowing)
11,111 -> 0
rETH
Deposit ETH
(Allow borrowing)
25,000 -> 9,722
rETH
Borrow ETH
0 -> 4,167
rETH
Deposit USDC
(Allow borrowing)
16,667 -> 9,722
rETH
Borrow USDC
0 -> 4,167
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 -> 7,000
GMX
Deposit USDC
(Allow borrowing)
23,333 -> 16,333
GMX
Borrow USDC
0 -> 10,000
GNS
Deposit GNS
(Allow borrowing)
4,167
GNS
Deposit USDC
(Allow borrowing)
12,500 -> 8,744
GNS
Borrow USDC
0 -> 4,167
JONES
JONES
(Allow borrowing)
2,778 -> 2,500
JONES
Deposit USDC
(Allow borrowing)
8,333 -> 5,833
JONES
Borrow USDC
0 -> 2,778
MAGIC
Deposit MAGIC
(Allow borrowing)
4,167 -> 0
MAGIC
Deposit USDC (Allow borrowing)
12,500 -> 8,333
MAGIC
Borrow USDC
0 -> 2,778
PREMIA
Deposit PREMIA (Allow borrowing)
1,850
PREMIA
Deposit USDC (Allow borrowing)
5,550

FAQ

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?

veSILO is coming later this year, providing additional utility to token holders.

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.