Collateral Factors
Silos are permissionless. Therefore, anyone can create a silo for any token asset, provided a price feed has been set up for the silo's base token asset.
Each silo has the following settings:
- Maximum Loan to Value (LTV)
- Liquidation Threshold (LT)
- Price Feed
- Interest Model
Every silo supports a custom configuration of the above settings. For example, the USDC Silo might have 90% LTV, 95% LT, a Balancer v2 price feed, and a custom interest model.
The table below lists collateral factors for a random group of token assets. By default, all silos apply the same collateral factors.
Asset | Loan To Value (LTV) | Liquidation Threshold (LT) | Liquidation Penalty |
|---|---|---|---|
ETH Bridge asset, all silos | 80% | 85% | Up to 15% |
USDC | 90% | 95% | Up to 5% |
WBTC | 80% | 85% | Up to 10% |
wstETH | 80% | 85% | Up to 10% |
Frax | 80% | 90% | Up to 10% |
CRV | 65% | 85% | Up to 15% |
FXS | 65% | 85% | Up to 15% |
CVX | 65% | 85% | Up to 15% |
APE | 50% | 80% | Up to 20% |
BAL | 65% | 85% | Up to 15% |
cbETH | 80% | 85% | Up to 15% |
Each silo's collateral factors may be adjusted through governance. Through on-chain voting, token holders can:
- Replace a silo's price feed for another
- Adjust LTV/LT
- Change the interest model