[Silo Finance] [FINAL] [STIP - Round 1]

Silo: @Aiham.eth

From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:

  • It addresses the challenge of money markets with unified liquidity. Although their stablecoin has not significantly increased TVL yet, the Loan Silos show promising growth.
  • They are in the process of adopting more innovative mechanisms. Thanks to a collaboration with Curve on Ethereum, it is possible to mint crvUSD from some silos. So far, they have not faced any unpayable debts.
  • The relationship between the grant and TVL seems consistent with growth prospects and protocol advantages. Additionally, the implementation of ARB silos enhances the token’s utility.

We want to clarify that this is not the final vote, since as we clarify in this release, the final vote is defined by our community. We also want to invite you to attend our Governance Call that will be held tomorrow in our discord.