SILO V2 Debit on Sonic, offering flexible and secure definitive lending

Silo, non-detention decentralized financial market, announced on Friday morning launching its V2 protocol on Sonic, network high-performance layer 1.

This means that users on Sonic can now touch borrowing markets where risks are stored separated. This means if a market hit problems, they will not overtake the others. After transferring several security audits, the Silov V2 is now living and already attracted $ 400 million locked in the platform.

Silo V1 made a big spray in Defi The world, facilitating loans worth hundreds of millions of dollars at more than 50 markets – without any questions or questions of distance.

Anyone can create a borrowing market for any ERC-20 token and adjusts settings such as loan ratio, liquidation thresholds and interest rates. This means more flexibility for lenders and borrowers and allows users to specify strategies to suit certain assets and market conditions.

Users are in control

One of the largest upgrades with V2 is that users no longer need a market creation permit, it is open for anyone.

The silo also introduced what is called “hooks”, which allow users to add new functions like connecting different markets, redirecting blank funds to other platforms for additional yield or establishment of loans.

The use of ERC-4626 standards also means that SylOl V2 will be able to communicate with other Deficient applications, which is easier to move funds and interacts with different platforms.

Mother risk management