Silo Finance
SILO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Silo Finance presents a stark contrast between its technical execution and its market performance. On the development and security front, the project demonstrates solid fundamentals: an active engineering setup with over 2,700 commits on its V3 contracts, formal verification specs, multiple professional audits across five top-tier firms (Sigma Prime, Certora, Spearbit, Cantina, Code4rena), and an active Immunefi bug bounty. Although a June 2025 peripheral contract exploit resulted in a ~$500K loss, core lending contracts remained secure and remediated. Tokenomics features a capped 1 billion max supply and mature vesting, though 41% remains in the DAO treasury and utility lacks direct fee distribution. The critical risks lie in market adoption and liquidity: the protocol suffers from a ~99% drawdown from all-time highs, an extremely depressed market cap ($48K-$479K), negligible trading volume, and a diminished community of roughly 408 on-chain holders. With no qualifying red-flag events triggering a cap, the score reflects the balanced weighted average of robust code infrastructure against severe liquidity and adoption headwinds.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Silo Finance (SILO)
Silo Finance is a decentralized, non-custodial lending protocol built around risk-isolated lending markets, known as "silos," which are structured to prevent bad debt contagion across different asset pools. The protocol is deployed across several networks, including Ethereum, Arbitrum, Base, Optimism, and Sonic. SILO is the native token of the protocol with a maximum supply capped at 1 billion units, with governance managed by SiloDAO via xSILO staking and a community treasury holding approximately 41% of the supply.
The protocol's codebase is centered on a V3 architecture and has undergone security reviews and formal verifications by multiple audit firms and platforms, including Sigma Prime, Certora, Spearbit, Cantina, and Code4rena, alongside an active bug bounty program on Immunefi. Development and governance operations are led by a pseudonymous team using the monikers Shadowy Edd, Ihor, and Neo Racer.
Silo Finance has encountered security and market-related headwinds. On June 25–26, 2025, an unreleased peripheral contract was exploited due to an input validation vulnerability, leading to a loss of more than $500,000, though core lending pools were not compromised. The protocol also previously addressed interest-rate manipulation risks and oracle price-feed anomalies that caused unintended liquidations. In addition to dealing with supply-accounting adjustments following a token migration, SILO has experienced a market drawdown of approximately 99% from its all-time high of $0.06047 down to roughly $0.0006, alongside low trading volume and a contracted holder base.