XSilo
XSILO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XSILO functions as the liquid staking derivative and governance tokenomics asset of Silo Protocol. The evaluation reflects healthy tokenomics (7.0/10) characterized by an ERC-4626 vault model, revenue buybacks (50% of protocol fees directed to SILO market buys for stakers), and fully vested non-treasury supply, offset by steep early exit penalties. Active development (6.0/10) is supported by ongoing governance proposals through mid-2025, although repository-level metrics were unavailable. Security (5.5/10) notes formal verification integrations and bug bounties, despite an isolated June 2025 exploit on an unreleased leverage module draining ~$545,000 of DAO test funds (below the red-flag threshold). Community support (5.0/10) shows an active governance forum but a very small on-chain holder base. Significant data gaps exist in Market and Use Case as well as Team and Governance (-1.0 each) due to entity name collisions in retrieved sources on the Sonic deployment, requiring proportional weight redistribution among the remaining four sections. No qualifying red-flag events were triggered.
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 XSilo (XSILO)
XSilo (XSILO) is the liquid staking derivative and tokenomics asset of Silo Protocol. Operating as an ERC-4626 vault, the token's exchange rate against the underlying SILO token is determined by an Index Ratio. The token does not have an independent emission schedule; instead, it incorporates a revenue-sharing mechanism where 50% of protocol-generated fees are allocated toward market buybacks of SILO, which are subsequently distributed to xSILO stakers.
The underlying SILO token has a maximum supply of 1 billion tokens, with non-treasury allocations fully vested and 41% allocated to the SiloDAO Community Treasury. Stakers in the xSILO vault are subject to early exit penalties, where redemption factors scale linearly from 0.5 to 1.0 over a six-month vesting schedule. The protocol is managed via the Silo governance framework, with tokenomics and revenue distribution proposals actively submitted through mid-2025, though on-chain adoption reflects a relatively small holder base.
In terms of security, Silo Protocol utilizes formal verification tooling for core components and maintains an active audit relationship with Certora. In June 2023, the team resolved a pre-exploitation vulnerability, awarding a 100,000 USDC bug bounty. However, on June 25, 2025, an unreleased leverage contract (LeverageUsingSiloFlashloanWithGeneralSwap) suffered an exploit due to improper input validation, resulting in the loss of 224 ETH (approximately $545,000 in SiloDAO test funds). Post-mortem analysis confirmed that the vulnerability was isolated to the unreleased leverage module and did not compromise core protocol vaults.