$XAI

$XAI is being deprecated - please refer here.

$XAI is Silo’s overcollateralized stablecoin that is the secondary bridge asset alongside $ETH on Silo Ethereum. It can only enter circulation by being borrowed into existence.

$XAI may be swapped for other stablecoins or deposited into the XAI-FRAXBP or crvUSD-XAI Curve pools for rewards.

Credit Lines

$XAI which is made borrowable from a silo via credit lines. SiloDAO is the minter and thus the beneficiary of interest earned from $XAI borrowed.

Credit lines can be created or burned by DAO governance.