mucho is happening on @SiloFinance right now: - AVALANCHE GRANT has landed -> new deposit incentives turned on: • BTC up to 4.1% APR • USD deposits hitting 2657% APR • AVAX up to 8.7% APR (nutoro: "fat daddys shown above") - xSILO INCENTIVE SWITCH -> stakers are now receiving USDC rewards: • funded by 50% of protocol revenue that used to go to buyback and distribute (nutoro: "xSILO stakoooors will receive USDC rewards after this snapshot proposal was passed") - AUTOLEVERAGE is live -> one click loops, no hassle • fresh opportunities are already visible on the leverage UI (nutoro: "live with the autoleverage thing that lets users loop positions in one click") what’s coming next: - CROSS-CHAIN PENDLE PTs -> PT-USDe / sUSDe launching first on AVALANCHE this week, with SILO supporting at day one, nutoro: "scheduled for release on wednesday so steady on lads ehehehe." - ARBITRUM DRIP -> new incentive program rolling out, SILO is already involved, nutoro said: "more details coming soon thanks bye" mucho interesannte: incentives stacking, leverage simplified, cross-chain PTs about to go brrr, and more external rewards lining up SILO is positioning to catch flows across mucho chains, with yield, incentives, and loops all working together dc: linn holds SILO, xSILO and collabs with Silo despite frequently insulting Silo team members on a deeply personal level
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