$SILO

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