Ask about Silo Protocol
Logo of Silo ProtocolSilo Protocol(HDL)
Total Value Locked$42.48

TVL by Chain

Algorand$42.48

Protocol Information

Silo picks up where TEAL leaves off, providing next-gen DeFi vaults and strategies for the Algorand ecosystem. The Silo Protocol is built on decentralized vaults as a core primitive. Decentralized vaults allow for permissionless, trustless access to strategy-based DeFi instruments.

Category:Options Vault

Audits:

Twitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

AlgoRai Finance ($1,378.14)

Frequently Asked Questions

What is Silo Protocol?

Silo picks up where TEAL leaves off, providing next-gen DeFi vaults and strategies for the Algorand ecosystem. The Silo Protocol is built on decentralized vaults as a core primitive. Decentralized vaults allow for permissionless, trustless access to strategy-based DeFi instruments.

What is Silo Protocol's TVL?

Silo Protocol currently has $42.48 in total value locked. TVL has decreased 5.6% over the past 30 days.

What chains does Silo Protocol operate on?

Silo Protocol operates on Algorand. Algorand holds the largest share at 100%.

How does Silo Protocol's TVL compare to similar protocols?

Among Options Vault protocols tracked by DefiLlama, Silo Protocol ranks #13 by TVL. The category holds $58.76m across 18 protocols, and Silo Protocol accounts for <0.1% of that total. Other leading protocols include Rysk Finance, Ribbon Finance, and Typus Finance.