Silo Finance’s TVL Break Through $100 Million But 66 Percent Of Its TVL Is CRV Tokens

Silo Finance, a non-custodial lending protocol to borrow any crypto asset with another has TVL increased from $22.75 million on August 23, 2023 to $108.82 million on October 16, 2023. Sino Finance’s TVL has increased by 378%.

However, 66.34% of Silo’s TVL is CRV. CRV tokens have high volatility.

Silo Finance’s TVL.

1. CRV $72.19 million (66.34%)

2. CRV/USD $12.16 million (11.65%)

3. USDC $4.4 million (4.05%)

Silo Finance is a lending platform that supports Ethereum and Arbitrum. 

defillama.com/protocol/silo-finance