Difference between revisions of "Silo Finance"

Silo Finance (view source)

45 bytes added , 12:45, 19 December 2022

governance +

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 Since $XAI is borrowed into existence and minted by the SiloDAO, newly minted $XAI accrues interest to the Silo Treasury.
-===== '''Governance''' =====
+== Governance ==
-Silo is a fully decentralized protocol, with governance decisions controlled by $SILO holders. Proposals that can be voted on include the creation of additional silos, upgrading of oracles, and in future the extension of credit lines. At present, the tokenomics model of $SILO is unclear but the team has discussed exploring a veSILO model.
+Since Silo is a decentralized protocol, governance decisions must be approved by $SILO holders.
+Governance decisions that can be voted on include, but are not limited to:
+* Lending parameters of silos (interest rate model, LTV, liquidation penalties, etc.)
+* Use of treasury funds
+* Creation of new silos (this function will become permission-less once the protocol completes its guarded launch)
 == Sources: ==