silo

Sonic ecological lending protocol project Silo Labs updated on the X platform regarding the xUSD depegging incident. So far, the confirmed repayment amount has reached approximately $2.13 million, including about $88,169 on the Sonic chain, about $556,669 on the Avalanche chain, and about $1.49 million on the Arbitrum chain.Previously, the price of the Stream Finance stablecoin xUSD significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, and leading to liquidity issues.

ChainCatcher news, according to Globenewswire, Nasdaq-listed company Silo Pharma announced that it has completed its first Bitcoin purchase, but has not disclosed the specific quantity and amount. It is reported that the company’s diversified digital asset treasury had previously purchased ETH, RSC, and SOL.

ChainCatcher news, diversified development stage biopharmaceutical and cryptocurrency asset management company Silo Pharma, Inc. (NASDAQ: SILO) announced its first purchase of ResearchCoin (RSC) as an important step in expanding its digital asset management strategy, aiming to capture long-term value from emerging multi-chain opportunities.RSC is the native token of the decentralized research collaboration platform ResearchHub, which was co-founded by Coinbase CEO Brian Armstrong in 2019. Silo Pharma CEO Eric Weisblum stated, "By acquiring RSC, we are participating in the growing decentralized science (DeSci) movement while also diversifying assets and potential appreciation for our shareholders. Our investment in ResearchCoin highlights our focus on the modernization of research collaboration and our support for blockchain-driven innovation as a pillar of biomedical discovery."

ChainCatcher news, according to market news, Nasdaq-listed company Silo Pharma announced that it has made its first purchase under its recently announced cryptocurrency treasury strategy, having acquired ETH and SOL cryptocurrencies, but the specific purchase amount and quantity have not yet been disclosed.

ChainCatcher news, biopharmaceutical company Silo Pharma (NASDAQ: SILO) today announced the launch of a cryptocurrency fund management strategy and appointed cryptocurrency infrastructure expert Corwin Yu as the first member of its cryptocurrency advisory board. The strategy will focus on mainstream digital assets such as Bitcoin, Ethereum, and SOL.

ChainCatcher news, according to PeckShield monitoring, the attacker address of Silo Finance transferred 225.1 ETH to Tornado Cash, worth approximately $548,000.

ChainCatcher news, according to PeckShield monitoring, the unmanaged lending protocol SiloFinance has been attacked, resulting in a loss of approximately $545,000.

ChainCatcher news, according to Globenewswire, Nasdaq-listed biopharmaceutical company Silo Pharma, Inc. (Nasdaq: SILO) announced that its board has approved the purchase of $1 million in Bitcoin as a treasury reserve asset.Silo CEO Eric Weisblum stated, "Incorporating Bitcoin into our balance sheet is a strategic decision aimed at diversifying our assets and including what we believe to be a digital store of value with significant upside potential. Our purchase of Bitcoin is intended to hedge against inflation and is expected to help Silo maintain and optimize long-term shareholder value."

ChainCatcher news, according to official sources, OKX Web3 has launched the second phase of the "SEI Ecosystem Earning Season," with a total prize pool of 2.7 million SEI.Before 18:00 (UTC+8) on November 29, 2024, users can stake in Silo or trade USDC or iSEI through Uniswap, and according to the event requirements, lend USDC or iSEI on YeiFinance to share in the rewards.It is reported that more ecological protocols will join the OKX Web3 DeFi earning season in the future, so stay tuned.

ChainCatcher news, the decentralized lending protocol Silo has announced its launch on the OP mainnet. Utilizing a deposit of $1.3 million, Silo Optimism will begin its first OP distribution across 9 markets, namely OP, wstETH, wBTC, tBTC, rETH, strxeth, VELO, sUSD, and SNX, allowing users to deposit in any market to borrow ETH and USDC.In the first phase, 100,000 OP will be allocated to the initial markets. Over the next 60 days, the official team will introduce a series of new markets and optimize incentive distribution based on protocol revenue metrics.The remaining 150,000 OP will be allocated in the second phase, during which rewards may be rebalanced based on historical activity. New markets will also be launched and may be included in the incentive categories.

ChainCatcher message, Curve founder Michael Egorov transferred 68 million CRV (approximately 35.5 million USD) to Silo in the past two days and borrowed 10.77 million crvUSD, then exchanged crvUSD for USDT and repaid all debts on Aave.Egorov currently has 253.67 million USD in collateral and 42.7 million USD in debt across 4 platforms.

ChainCatcher news, according to Scopescan monitoring, Curve founder Michael Egorov deposited 11 million CRV (5.73 million USD) into Silo and borrowed 1.8 million crvUSD 6 hours ago.Subsequently, he exchanged 1.8 million crvUSD for USDT and DAI, with 1.55 million USDT used to repay debt on Aave and 250,000 DAI sent to the xDAI bridge.

According to ChainCatcher news, monitored by Lookonchain, Curve founder Michael Egorov transferred 23.26 million CRV (worth approximately 12.3 million USD) into Silo in the past hour and borrowed 3.75 million crvUSD. This action caused the CRV TVL on Silo Llama to reach 60 million USD, setting a new historical high.It is reported that Michael Egorov exchanged this portion of crvUSD for USDT and then repaid debts on Aave.

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.

ChainCatcher news, according to Lookonchain data monitoring, Curve founder Michael Egorov has once again sold 7.5 million CRV through OTC and repaid 3 million USDT on Aave.Currently, he still holds a loan of 82.6 million dollars, which includes 51.24 million USDT on Aave, 12 million MIM on Abracadabra, 9.19 million FRAX on Fraxlend, 9.4 million DOLA on Inverse, and 740,000 XAI on Silo.