SIP-2.19: Integration of Silo Sonic - Greenhouse USDC
Summary & Motivation This proposal recommends integrating the “Greenhouse USDC” vault from Silo Finance, deployed on the Sonic network. The goal is to add another robust yield source to our earn-side platform. The Greenhouse USDC vault offers a competitive APR, strengthening our offerings on the Sonic network and ensuring our users have access to diverse, high-quality yield strategies.
Specification
Parameter
Details
Vault Name (Protocol)
Silo Sonic USDC Earn - Greenhouse
Network
Sonic
Underlying Asset
USDC
Silo Vault Address
0xf6bC16B79c469b94Cdd25F3e2334DD4FEE47A581
Yield Components
Native Interest + wS tokens + SILO tokens
Reported APR
12.8% (9% 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 the Greenhouse USDC vault.
In support of bringing this one to Sonic USDC Fleet, seems like a nice step for building out yield depth, with potentially highest APR present at the moment.
Welcome, @Log!
Great to have you here — thanks for dropping in from the Greenhouse team. We’re excited about the integration and looking forward to more collaboration ahead!
I think it’s a solid, practical move — integrating the Greenhouse USDC vault into Sonic alongside other Silo vaults broadens USDC yield options and boosts protocol efficiency.
Hello again! Checking in on the status of the proposal, it seems every ARK SIP posted around the same time has progressed towards voting except for this one
The initial parameters for the Silo Greenhouse USDC Ark for the Low Risk Fleet Sonic USDC.e were obtained using our risk model, which incorporates several metrics. The following table encapsulates these initial values:
Ark
Symbol/Vault
maxCap
Max. %TVL
maxInflow
maxOutflow
siloV2
greenhouse-usdc
1,230,000
12.90%
1,230,000
1,230,000
At present, a 10-minute cooldown applies to all Arks in this Fleet. These parameters are initial values, and may change in the future according to market dynamics.