Silo Finance [OLD] (SILO) — price, overview & secure storage
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Last Updated on Jun 17, 2026 04:30 PM
What is Silo Finance [OLD]? Complete guide to SILO
What is Silo Finance [OLD] and who created it?
Silo Finance is a custodial/">non-custodial lending protocol that enables users to borrow any crypto asset using another as collateral. It operates on the Ethereum network and is designed to provide a secure and efficient borrowing experience.
Key features of Silo Finance [OLD] blockchain
Silo Finance is secure by design, ensuring that when users deposit in a Silo, they do not share risks with other tokens in the protocol. Each Silo can only borrow the bridge asset from another, keeping risks isolated to a single Silo. The protocol is also efficient, concentrating liquidity by allowing each token asset to have one Silo only. The bridge asset connects all Silos, enabling fluid liquidity movement and allowing any collateral token to borrow another.
How Silo Finance [OLD] transactions work
Silo Finance is permissionless, designed to support any token asset on the chains it operates on. Silos share default collateral factors that can be adjusted at the Silo level at any time, providing flexibility and adaptability to the protocol's users.
Wallet for Silo Finance [OLD]
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Tangem supports networks for Silo Finance [OLD]
- Ethereum
- Arbitrum One
- Base
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Similar cryptocurrencies to Silo Finance [OLD] (SILO)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $66,206.05 | 0.76% | $1.32T |
 EthereumETH | $1,782.31 | 0.35% | $0.21T |
 TetherUSDT | $0.9991 | -0.01% | $0.19T |
 BNBBNB | $607.75 | 0.27% | $81.81B |
 XRPXRP | $1.22 | 0.39% | $75.47B |
Frequently asked questions about Silo Finance [OLD] (SILO)
- Silo Finance [OLD] is a crypto asset running on its own blockchain. It supports peer-to-peer transactions and offers features shaped by the project’s technical framework.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- They refer to the same cryptocurrency. SILO is the abbreviated code used in trading platforms.
- Buy Silo Finance [OLD] through trusted exchanges or payment providers integrated in the Tangem Wallet.
- For long-term safety, move Silo Finance [OLD] to a hardware wallet like Tangem, which protects your keys from remote access and malware.
- SILO isa cryptocurrency custody platform designed specifically for banks and other financial institutions wanting to participate in this ecosystem. It allows the financial institution to securely manage cryptocurrency reserves with a full integration to Avaloq's services.
How to store Silo Finance [OLD] securely with a hardware wallet
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why Tangem is a trusted Silo Finance [OLD] hardware wallet
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
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