Decentralized lending protocol Silo has announced its launch on the OP mainnet, and will allocate 100,000 OP tokens to 9 markets in its initial market distribution. These markets include OP, wstETH, wBTC, tBTC, rETH, strxeth, VELO, sUSD, and SNX, where users can deposit and borrow ETH and USDC. Over the next 60 days, new markets will be introduced and incentive distributions will be optimized. The second phase will distribute the remaining 150,000 OP tokens, with reward allocations potentially adjusted based on historical activity.

WBTC

RETH

SUSD

VELO

TBTC

KWENTA

Odaily Planet Daily News: Decentralized lending protocol Silo announced the launch of the OP mainnet. With $1.3 million in deposits, Silo Optimism began the first OP distribution in 9 markets, namely OP, wstETH, wBTC, tBTC, rETH, strxeth, VELO, sUSD, SNX, and users can deposit in any market to borrow ETH and USDC.
In the first phase, 100,000 OP will be allocated to the initial market. In the next 60 days, the official will launch a series of new markets and will optimize the incentive distribution based on the protocol revenue indicators.
The remaining 150,000 OP will be distributed in the second phase, during which rewards may be rebalanced based on historical activities. New markets will also be launched and may be included in the incentive classification.

Decentralized lending protocol Silo launches on the OP mainnet, initiating its first market allocation.