The non-custodial DeFi lending marketplace, Silo, has launched its V2 protocol on Sonic, allowing users to access risk-isolated markets.
Silo V2 has successfully completed multiple audits, attracting over $400 million in commitments on Sonic, offering users the ability to earn dividends and insure against risk.
Deploying Silo V2 on Sonic enables twin-asset lending markets with customizable features, such as loan-to-value ratios and interest rate models, for any ERC-20 token.
Supported by Sonic's high-speed infrastructure, Silo V2 enhances scalability and developer tools, unlocking new use cases for decentralized lending.