[RFC] Onboard new Silo Vaults to Sonic, Mainnet and Arbitrium fleets

General Discussion
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Proposal to Integrate Additional Silo Finance Vaults Across Mainnet, Arbitrum, and Sonic

A new Request for Comments (RFC) has been drafted to expand the protocol’s yield-generating options by incorporating three additional Silo Finance USDC vaults from the Mainnet, Arbitrum, and Sonic networks. This proposal aims to provide users with a broader range of competitive, single-asset staking opportunities.

The proposed vaults for integration are:

  • Mainnet: Apostro USDC Frontier (0xed9278c5188f37670b33ef3B00729E38260cd5D5) with a reported Annual Percentage Rate (APR) of 11.5%. A discounted APR of 6.8% is available for users who redeem their xSilo rewards to Silo tokens withut any redemption period.
  • Arbitrum: Varlamore USDC Growth vault at address 0x2BA39e5388aC6C702Cb29AEA78d52aa66832f1ee, offering a significant 16.8% APR, which is discounted to 11.1% for those utilizing the xSilo/Silo redemption feature.
  • Sonic: The Greenhouse USDC vault (0xf6bC16B79c469b94Cdd25F3e2334DD4FEE47A581), providing a 12.8% APR, with a discounted rate of 9% for redemptions with the protocol’s native tokens.

The initiative seeks to enhance user choice and earning potential within the ecosystem. By integrating these vaults, the protocol can offer a more diverse and attractive suite of “earn side” products. The structure of the proposal mirrors previous successful integrations, outlining the summary, overview, motivation, and technical specifications for adding these new yield sources.

The motivation behind this RFC is to continuously source and integrate high-quality, reliable yield opportunities for users. The selected Silo Finance vaults are presented as offering competitive returns, further bolstered by the discounted redemption option for xSilo/Silo holders, which aims to create a synergistic relationship between the protocols.

The technical specification will focus on the seamless integration of these vaults, ensuring that users can easily deposit their USDC and that the underlying yields, composed of native interest and token rewards, are accurately passed through to the depositors. As with previous integrations, the proposal will be subject to community discussion and a formal governance vote to authorize the implementation.

@Recognized_Delegates @BlockAnalitica

3 Likes
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I am OK with this RFC.

1 Like
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I support this proposal

1 Like
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Let’s gooooo!

Support.

1 Like
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In support of these additional strategies! They seem to have juicy APR% as well. Let’s see how will they perform.

–jensei