Logo of Silo ProtocolSilo Protocol(HDL)
Total Value Locked$51.7

TVL by Chain

Algorand$51.7

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.

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Category:Options Vault

Audits:

Methodology

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

Competitors

AlgoRai Finance ($1,698.78)Rysk V12 ($53m)Ribbon ($4.19m)Katana ($1.95m)Typus DOV ($956,727.78)Chest Finance ($651,171.21)3Jane Options ($114,416.47)Olive ($49,873.1)Spin DOV ($16,641.61)Bonsai Strike ($8,057.93)

Frequently Asked Questions

What is Silo Protocol's TVL?

Silo Protocol currently has $51.7 in total value locked. TVL has increased 12.4% 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 $60.94m across 18 protocols, and Silo Protocol accounts for <0.1% of that total. Other leading protocols include AlgoRai Finance, Rysk V12, Ribbon, Katana, Typus DOV, Chest Finance, 3Jane Options, Olive, Spin DOV, and Bonsai Strike.