[SIP2.19] Integration of Silo Sonic - Greenhouse USDC

Governance Summer Improvement Proposals [SIPs]
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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.

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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.

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Hello! Log from the greenhouse team, excited to see summer.fi taking advantage of our competitive yields, let me know if you have any questions!

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Welcome, @Log! :waving_hand:
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! :seedling::droplet:

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Looks like a sensible addition that aligns with the broader goals. Excited to see how it plays out.

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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.

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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

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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.

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hey! there was some miscommunication on this one. It was deployed few weeks ago, but it’s up for voting right now.

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