Silo is a non-custodial lending protocol to borrow any crypto-asset with another. Silo features the following characteristics:
- SECURE BY DESIGN: When users deposit in a Silo, they don't share the risk with other tokens in the protocol. Silos can only borrow the bridge asset from each other, keeping the risk isolated to a single Silo.
- EFFICIENT: To concentrate liquidity, each token asset gets one Silo only. With the bridge asset connecting all Silos, liquidity moves fluidly in the protocol, enabling any collateral token to borrow another.
- PERMISSIONLESS: Silo is designed to support any token asset on the chains it operates on. Silos share default collateral factors that can be adjusted on a Silo level at any time.