The veSILO tokenomics upgrade will come along with the launch of Silo V2, stay tuned!

$SILO is the native governance token of the SiloDAO and may be used to vote for governance over the Silo Protocol.

Token holders may vote parameters, including;

  • Deploying a new market with custom parameters (e.g. LTV, LT, Interest Rate Configuration, Price Feed)

  • Adjusting an existing market's parameters

  • Adjusting/removing a bridge asset(s)

  • Modifying the DAO's fee mechanisms

  • Increase the token supply (this functionality is something the DAO may consider to remove at any point to place a hard cap on supply)

  • Deployment of protocol-owned liquidity

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