Progress Updates
- We continue to test on mainnet. New contracts and UI iterations deployed to ship fixes. Testing is going as planned.
- Currently in the process of last stretch to launch beta— testing liquidation shall begin next week (both Silo’s liquidation bot and external liquidator’s)
Other Updates
- Final audit report from Quantstamp received 20 July 2022
- Awaiting final audit report from ABDK
- Both of these audits will be made available when contracts are open-sourced
- Certora Formal Verification report shall also be published soon
Beta Launch Updates
- During the first week of beta, we will cap markets to $25,000 per asset per Silo ($25k non-bridge + $25k ETH for $50k total per Silo)
- This cap will gradually be increased as the product is stress tested
- To request a Silo in future weeks: 1- Click ‘Request a Silo, 2- Complete the Google Form. 3- Every week a Snapshot followed by an on-chain vote will be run, 4- Tokens that receive highest votes will have Silo deployed following technical review
Thank you to the Multifarm Team for conducting a risk analysis of Silo — please refer to their full document here.
