Silo Finance launches cross-chain lending product Silo Llama, with crvUSD as the only cross-chain asset

ChainCatcher news, the non-custodial lending protocol Silo Finance tweeted that it has launched the cross-chain lending product Silo Llama on the Ethereum mainnet, which uses crvUSD as the only cross-chain asset.

Silo Llama employs a risk isolation design, where each token asset has its own lending market and is paired with crvUSD. crvUSD lenders can lend using any token asset while being completely isolated from activities occurring in any other market on the protocol.

Silo will initially launch funding pools for CRV, LINK, rETH, OHM, YFI, LQTY, USDC, UNI, LDO, cbETH, and SNX.