For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-03-06T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
Proposal to whitelist SILO.
Trading Liquidity Limit of 50,000 BNT.
There are no security concerns that could prohibit whitelist status.
There is no reason to doubt the legitimacy of the Silo Finance project.
The benefit to Bancor is clear. Providing SILO liquidity will attract token LPs from the Silo Finance community to swap on Bancor, and increase protocol trade volume. Further integrations once SILO is whitelisted can be pursued as well.
Token Address: 0x6f80310CA7F2C654691D1383149Fa1A57d8AB1f8
Project Website: Silo Finance
The Deepest SILO pools are:
The SILO/USDC 1% Uniswap v3 pool with $908.67k liquidity, and $11.39k daily volume .
The SILO/ETH 1% Uniswap v3 pool with $407.69k liquidity, and $96.22k daily volume .
The SILO/ETH 0.3% Uniswap v3 pool with $202.95k liquidity, and $52.86k daily volume .
A trading liquidity limit of 50,000 BNT opens up space for at least $248k total liquidity in the pool, with BNT at $2.48. If the pool space fills up, a trading liquidity limit increase can be considered.
SILO does not have an elastic supply, or rebase mechanism. The SILO token has a current total supply of 103,250,000.00 SILO. Contracts are standard ERC-20 OpenZeppelin contracts. The contracts don’t have admin privileges that grant unrestricted burning of tokens.
The top 15 contract and addresses with the highest concentration of SILO are Token Distribution contracts, wallets with 3.1122%, 0.6133%, 0.4667% of supply.
Figure 1 - Top 15 contract and address with the highest concentration of SILO 
Silo brings secure lending markets to all token assets. Users are able to use any token as collateral.
Silo is secure, efficient, and inclusive. The impact of a token being exploited, or manipulated, is isolated to the respective market, rather than the protocol.
Each lending market supports two assets only; the bridge token and a unique token. This design concentrates liquidity in single pools and allows for efficiency. Silo’s markets are permissionless and therefore any token asset can have a borrow/lend market.
More information can be found on the Silo Finance Gitbook.
Over the next 4 years, 1B $SILO tokens will be minted without the possibility of future inflation. Here is an overview of how the tokens are allocated along with the release schedule:
Only 10.2% of total token supply will enter circulation in the first 6 months.
Genesis Protocol-Owned Liquidity (10%) — Distributed in the public auction; claimable immediately after the auction
Community Treasury (45%) — Linear vesting for 3 years; controlled by the community through governance
Early Contributors (6.75%) — Linear vesting for 4 years with 6-month cliff starting after TGE
Founding Contributors (21.75%) — Linear vesting for 3 years with 6-month cliff starting after Token Generation Event (TGE)
Early Community Rewards (0.2%) — Airdropped to community members in January 2022
Early Investors & Early Advisors (6.30%) — Linear vesting for 2 years with 6-month lock starting after TGE
Future Contributors & Future Advisors (10%) — Linear vesting for 4 years with 1-year cliff starting after joining the DAO
The first measure to mitigate security risk is to write codebase from the bottom up rather than reengineer a fork. This is what we’ve done. Silo’s codebase is 100% original. The decision mitigates significant security risks and opens up the protocol to numerous design choices as we build towards our vision.
Silo is undergoing a security audit by Quantstamp. Another security audit by ABDK will start on March 28, 2022. Quantstamp audit started on January 17, 2022. Silo’s codebase will also be reviewed thoroughly by renowned engineers in March and April 2022.
SILO’s price at the time of writing is $0.3277.
All-time high: $0.756555 (29th Nov 2021).
All-time low: $0.185105 (24th Jan 2022).
Price 90 days ago: $0.307230.
103,250,000 SILO in circulation, with a max and total supply of 1,000,000,000 SILO.
The current market capitalization is $33,677,501.
The SILO token is available on, among others, Uniswap v3, BKEx, XT.com.
 Uniswap Info
 Uniswap Info
 Uniswap Info