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

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.

3 Likes

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

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

1 Like