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SILO rewards

Reward program

Sourced through the token buyback program, the SiloDAO has allocated 1.3M SILO tokens to incentive borrowing and lending in certain markets. The program lasts for 60 days from its start on March 13, 2023.
The SiloDAO will consider extending the program though the size of rewards and distribution might differ.

Incentivized actions

Ethereum

Market
Incentivized action
Total emissions (60 days)
cbETH
Deposit cbETH (Allow borrowing)
75,269
cbETH
Borrow XAI
80,645
cbETH
Deposit ETH (Allow borrowing)
129,032
OHM
Borrow OHM
129,032
rETH
Deposit rETH (Allow borrowing)
75,269
rETH
Deposit XAI (Allow borrowing)
80,645
rETH
Deposit ETH (Allow borrowing)
129,032
wstETH
Deposit wstETH (Allow borrowing)
75,269
wstETH
Borrow XAI
80,645
wstETH
Deposit ETH (Allow borrowing)
129,032

Arbitrum

Market
Incentivized action
Total emissions
ARB
Deposit ARB (Allow borrowing)
161,290
ARB
Deposit USDC (Allow borrowing)
268,817
DPX
Borrow USDC
43,010.75
DPX
Deposit ETH (Allow borrowing)
53,763.44
DPX
Deposit DPX (Allow borrowing)
64,516.13
DPX
Deposit USDC (Allow borrowing)
80,645.16
MAGIC
Deposit MAGIC (Allow borrowing)
64,516.13
MAGIC
Borrow USDC
86,021.51

FAQ

What's the duration of the reward program?

Rewards started on March 14 and end on May 13, 2023 (~60 days).

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?

token holders controls the Silo lending protocol via voting. For additional rewards, you can provide liquidity to several pools.
When veSILO goes live later this year, token holders will be endowed with additional utility.

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.