[SIP2.18] Integration of Silo Arbitrum - USDC Vault

Governance Summer Improvement Proposals [SIPs]
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SIP-2.18: Integration of Silo Arbitrum - USDC Vault

Summary & Motivation This proposal is to whitelist the Silo Finance USDC vault at 0x2BA...f1ee on the Arbitrum network for earn-side deposits. Integrating this vault provides users with a high-yield USDC strategy on a key Layer 2 network, offering a compelling APR and promoting cross-chain diversification for our protocol’s yield offerings. The attractive returns present a valuable opportunity to enhance user earnings.

Specification

Parameter Details
Vault Name (Protocol) Silo Arbitrum USDC Earn
Network Arbitrum
Underlying Asset USDC
Silo Vault Address 0x2BA39e5388aC6C702Cb29AEA78d52aa66832f1ee
Yield Components Native Interest + SILO Tokens
Reported APR 16.8% (11.1% discounted)
Integration Type Earn-side deposits enabled
Fleet Lower risk.

Voting Pending community feedback, this proposal will proceed to a formal governance vote to authorize the integration of this Arbitrum-based USDC vault.

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This strategy can bring back solid rates for the Arbitrum USDC Fleet. Good fit, thanks for proposing @halaprix!

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VOTE: Tally | Lazy Summer DAO (Official) | SIP2.18: Add 1 Ark to LazyVault_LowerRisk_USDC Fleet on arbitrum

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The proposed Silo Varlamore USDC Growth Ark for the Low Risk Fleet Arbitrum USDC has been evaluated using our risk model, which incorporates metrics such as TVL, collateral quality, and exposure. Following this assessment, we propose the following initial parameters:

Ark Symbol/Vault maxCap Max. %TVL maxInflow maxOutflow
siloV2 varlamore-usdc-growth 780,000 39.00% 780,000 780,000

The cooldown period for all Arks in this Fleet is 10 minutes. These parameters ensure the Fleet operates within controlled risk limits while accommodating expected demand.

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