Silo V3 Review: What to Check Before Lending or Borrowing
Silo V3 is a lending protocol for permissionless, risk-isolated markets. The basic purpose and supported chains are clear, but costs and key safety details need checking before you supply assets.
By the SkyBitcoins review team · Updated
At a glance
Silo V3 key facts
| Type | Permissionless, risk-isolated lending protocol |
|---|---|
| Chains | Injective, Avalanche, XDC, Ethereum, Arbitrum, Sonic, MegaETH |
| Token | SILO |
| Audits | Two audits listed; scope and findings need checking |
| Value locked | $4.45M+9.5% 7d |
| Updated |
Silo V3 FAQs
What is Silo V3?
Silo describes itself as a lending protocol with permissionless, risk-isolated markets. Its app lists Explore, Earn, Borrow and Portfolio areas.
Which chains does Silo V3 support?
Silo V3 is listed on Injective, Avalanche, XDC, Ethereum, Arbitrum, Sonic and MegaETH. Check the app to confirm which markets and assets are currently available on your chosen chain.
What are Silo V3's fees, and what is the SILO token for?
The token is SILO. Fees, market-specific rates and the details of how the token is used are not established here, so check the relevant market and token documentation before acting.
Compare
Silo V3 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.
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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.
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Bitget combines crypto trading tools with other asset products, but check fees, local access and custodial risks before depositing.
SwissBorg offers routed crypto trading and investing tools, but check its fees, custody and country-specific licence before depositing.
Astroport offers multichain swaps and liquidity pools, but check fees, supported markets and audit details before depositing.
Gate offers extensive crypto trading and earn tools, but check local access, fees, verification rules and reserve evidence before depositing.
Neptune Finance offers Injective-based lending and borrowing, but check live rates, liquidation rules and audit scope before supplying assets.
Balanced combines cross-chain swaps, lending and borrowing; check unlisted swap costs and the project’s security disclosures before depositing.
How we checked
Sources
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