Silo

This proposal consists of multiple actions. If the vote is passed, actions will be executed on-chain, resulting in the configuration of a borrow/lend market for the following token asset: WBTC 0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599

Action 1: Set up a price feed for the proposed Silo in price provider

0xcbcdf9626bc03e24f779434178a73a0b4bad62ed The action registers a price feed (pool) for the token asset.

Action 2: Choose a price provider

UniswapV3PriceProvider

The action registers a price provider in the protocol’s repository of price providers. The Repository manages price providers and maps assets to their price providers.

Action 3: Set up maxLTV/LT for an asset (WBTC)

Max Loan to Value (LTV) = 80% Liquidation Threshold (LT) = 85%

Action 4: Set up maxLTV/LT for a bridge asset (ETH) in a Silo

Max Loan to Value (LTV) = 80% Liquidation Threshold (LT) = 85%

Action 5: Set up interest rate model for an asset (WBTC)

“uopt”: “800000000000000000” “ucrit”: “900000000000000000” “ulow”: “600000000000000000” “ki”: “367011” “kcrit”: “951293759513” “klow”: “5284965331” “klin”: “1585489599” “beta”: “277777777777778” “ri”: 0 “Tcrit”: 0

Action 6: Set up interest rate model for a bridge asset (ETH) in a Silo

“uopt”: “800000000000000000” “ucrit”: “900000000000000000” “ulow”: “600000000000000000” “ki”: “367011” “kcrit”: “317097919838” “klow”: “5284965331” “klin”: “396372400” “beta”: “277777777777778” “ri”: 0 “Tcrit”: 0

Action 5 and Action 6 set forth how interest rates are determined algorithmically at different levels of utilization for both WBTC and the bridge asset. The Silo protocol implements a dynamic interest rate model. For more information visit https://silopedia.silo.finance/interest-rates