Silo V1 Review: Is It Safe to Lend?
Silo V1 is a permissionless lending protocol built around risk-isolated markets. The basic purpose and supported chains are clear, but there isn’t enough detail to assess its costs or how safely to use it.
By the SkyBitcoins review team · Updated
At a glance
Silo V1 key facts
| Type | Permissionless lending protocol |
|---|---|
| Markets | Risk-isolated |
| Chains | Arbitrum, Ethereum, Optimism, Base, Sonic |
| Token | SILO |
| Audits listed | 2 |
| Value locked | $679K−3.3% 7d |
| Updated |
Silo V1 FAQs
What is Silo V1?
Silo is a lending protocol with permissionless, risk-isolated markets. Its app lists Explore, Earn, Borrow and Portfolio sections.
Which networks does Silo support?
Silo is listed on Arbitrum, Ethereum, Optimism, Base and Sonic. Check the app before connecting a wallet to confirm the market and network you intend to use.
Has Silo been audited?
Two audits are listed, but their scope, dates and findings aren’t specified here. Review the audit reports and the risks of your chosen market before supplying funds.
Compare
Silo V1 alternatives
Aave offers open crypto lending and borrowing, but variable rates, gas costs and liquidation risk make it best for informed DeFi users.
Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
Compound V3 offers variable-rate crypto lending across several networks, but market terms and liquidation risks require close checking.
Aave V4 offers non-custodial lending and collateralized borrowing, but rates vary and smart-contract, market and liquidation risks remain.
Euler V2 offers configurable lending markets across many chains, but check each vault’s rates, liquidity and liquidation rules before depositing.
Morpho Blue offers non-custodial lending markets and curated vaults, but rates change and supplied assets face smart-contract, oracle and market risks.
Same category
More Lending dApps
SparkLend offers governance-set on-chain borrowing rates, but check each market’s live terms and liquidation risks before supplying collateral.
Morpho offers variable-rate and fixed-term lending plus curated vaults, but check each product’s fees, terms and risks before depositing.
Euler offers flexible crypto lending and market-building tools, but check each market’s fees, collateral rules and risks before depositing.
Nolus offers fixed-rate, asset-backed spot margin, but check live borrowing costs and liquidation terms before using leverage.
Dolomite offers multi-network lending, borrowing, swaps and strategies, but variable rates, liquidation and contract risks call for care.
NAVI offers variable-rate lending and collateralized borrowing on Sui, but users must weigh liquidation, smart-contract and liquidity risks.
Same chain
More on Arbitrum
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.
Uniswap V2 enables wallet-based swaps and liquidity provision, but check the pool, network, gas and token risks before you trade.
Uniswap V3 offers wallet-based token swaps and concentrated liquidity, but check pool fees, gas, execution risks and price-range exposure.
Uniswap v4 offers multichain swaps and customizable pools, but check each pool’s fees, hook behavior and risks before trading.
DeFi Saver offers non-custodial lending, leverage, swaps and automation, but users still bear protocol, contract and transaction-cost risks.
How we checked
Sources
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