Silo Finance Price(SILO)

Silo Finance is a decentralized lending protocol that introduces the concept of isolated lending markets, referred to as Silos. Each Silo is dedicated to a specific cryptocurrency token, thus creating a risk-sensitive framework where the exposure to systemic risk is significantly reduced. This innovative approach allows for the inclusion of a wider variety of assets, including niche cryptocurrencies that may not typically be supported by conventional lending platforms.

Objectives of Silo Finance

The primary objectives of Silo Finance include:

• Risk Mitigation: By isolating lending markets per asset, Silo Finance ensures that risks are confined within individual Silos, preventing any adverse impacts across the protocol.
• Market Accessibility: Silo Finance enhances market accessibility by allowing lending markets for asset classes that are often overlooked, thereby fostering financial inclusion.
• User Empowerment: The protocol empowers users by granting them the ability to choose where to deposit their assets, thereby defining their own risk exposure.