XSiloPrice

(XSILO)

xSILO is a liquid staking derivative of the SILO token and serves as the foundation for the upgraded Silo Finance tokenomics. By staking SILO for xSILO, holders gain access to two primary utilities: protocol revenue sharing and governance participation. Specifically, xSILO holders receive a share of the protocol’s revenue, gain voting rights within the Silo DAO, and can influence reward emissions to specific lending markets through a gauge system.

The Silo DAO currently allocates 50% of its monthly protocol revenue to be distributed among xSILO holders. These rewards are paid out in USDC rather than SILO tokens. For users on the Sonic network, rewards can be claimed directly via the application dashboard. For holders on other supported networks like Ethereum, Arbitrum, or Avalanche, payouts are typically distributed on a monthly basis.

Redemption is handled through the official application using a variable vesting period ranging from 0 to 6 months. This process utilizes a Redemption Factor: an instant redemption grants you only 50% of your tokens (with the remaining 50% redistributed to other stakers), while a full 6-month vesting period allows you to receive 100% of your SILO tokens. The redemption amount increases linearly between these two timeframes.

Yes, xSILO can be traded on exchanges like LBank. It is common for xSILO to trade at a discount—often around 50%—relative to the base SILO token. This market price typically reflects the "instant redemption" value of the token, as users who wish to exit immediately without waiting for the 6-month vesting period are subject to a 50% reduction in tokens.

xSILO is a multichain asset available on Sonic, Ethereum, Arbitrum, and Avalanche. To move xSILO safely between these supported networks, the protocol recommends utilizing the Chainlink Transporter Bridge (CCIP). Additionally, users holding the original version of the SILO token must use the official migration tool on the Silo Finance website to convert to the version that supports xSILO staking.

The xSILO ERC-4626 vault contract has undergone rigorous security evaluations, including audits by firms such as Spearbit, Cantina, and Sigma Prime, as well as formal verification via Certora. Governance and the Community Treasury—which holds 41% of the total supply—are controlled by the Silo DAO. This means xSILO holders are responsible for voting on the strategic use and management of those funds.