0x3e61fa24…06ecsent to0xa89163f7…af61·#15,307,915·view on Etherscan
SIP-14: Configure a Silo for BAL on Ethereum Mainnet
This proposal consists of multiple actions. If the vote is passed, actions will be executed on-chain, resulting in the configuration of a borrow/lend market for the following token asset:
BAL
0xba100000625a3754423978a60c9317c58a424e3D
## Action 1: Set up a price feed for the proposed Silo in price provider
0x5c6ee304399dbdb9c8ef030ab642b10820db8f56000200000000000000000014
The action registers a price feed (pool) for the token asset.
## Action 2: Choose a price provider
BalancerV2PriceProvider
The action registers a price provider in the protocol's repository of price providers. The Repository manages price providers and maps assets to their price providers.
## Action 3: Set up maxLTV/LT for an asset (BAL)
Max Loan to Value (LTV) = 65%
Liquidation Threshold (LT) = 85%
## Action 4: Set up maxLTV/LT for a bridge asset (ETH) in a Silo
Max Loan to Value (LTV) = 80%
Liquidation Threshold (LT) = 85%
## Action 5: Set up interest rate model for an asset (BAL)
"uopt": "800000000000000000"
"ucrit": "900000000000000000"
"ulow": "500000000000000000"
"ki": "367011"
"kcrit": "951293759513"
"klow": "95129375951"
"klin": "1585489599"
"beta": "277777777777778"
"ri": 0
"Tcrit": 0
## Action 6: Set up interest rate model for a bridge asset (ETH) in a Silo
"uopt": "800000000000000000"
"ucrit": "900000000000000000"
"ulow": "600000000000000000"
"ki": "367011"
"kcrit": "317097919838"
"klow": "5284965331"
"klin": "396372400"
"beta": "277777777777778"
"ri": 0
"Tcrit": 0
Action 5 and Action 6 set forth how interest rates are determined algorithmically at different levels of utilization for both BAL and the bridge asset.
The Silo protocol implements a dynamic interest rate model. For more information visit https://silopedia.silo.finance/interest-rates