Airdrop Castle

[Airdrop Castle @gian28300]

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[Airdrop Castle @gian28300]

Join me on Hylo and earn XP! Use my referral code: YMHUI6 https://t.co/OtYFJw78Dm

[Jon De Lorraine @jon_delorraine]

C'est terrible franchement.
Il faut relayer partout.

[Silo Labs | V3 Live @SiloFinance]

We’re updating our analytics surfaces to remove all markets and vaults affected by the collapse of Stream and Stable Labs.

This change ensures our reporting remains transparent, accurate, and reflective of healthy activity across the protocol.

Why? 🧵👇

[Silo Labs | V3 Live @SiloFinance]

6/ This cleanup ensures every metric across the Silo ecosystem remains trustworthy, accurate, and reflective of real activity.

[Silo Labs | V3 Live @SiloFinance]

5/ Full List of Affected Markets

A detailed list of all impacted markets and vaults, including addresses, assets, and networks, is available here:
https://t.co/FE23deS0s5

[Stacy Muur @stacy_muur]

Dear @SiloFinance team,

Thank you for the detailed response.
I appreciate the clarifications on protocol design and legal actions taken. However, several critical concerns remain unaddressed:

1️⃣ DAO Governance vs. Unilateral Decisions

You state that Silo operates as a DAO where SILO token holders have voting power over treasury management and protocol decisions . Yet, the decision that "the DAO will not compensate lenders" (Point 7) appears to have been made unilaterally without community vote.

On behalf of the community, I request:

Formal DAO proposal on @SnapshotLabs presenting multiple options:
– Option A: No compensation (current stance)
– Option B: Partial treasury-funded compensation (e.g., 25-50% haircut)
– Option C: SILO token dilution to create compensation fund
– Option D: Revenue-sharing from future protocol fees until affected users are made whole

Let SILO token holders decide through governance, not the core team.

2️⃣ Reputation Damage ≠ Legal Liability

While I understand Silo's legal position, users will associate the Silo brand with this $60M loss regardless of ToS disclaimers.

This is already evident:

• TVL down 22% in 5 days ($143.7M → $111.7M)
• Affected users will never return without resolution
• New users will choose competitors (Aave, Morpho, Compound) with clean track records
• Every DeFi community discussion about Silo will mention "the $60M incident"

The question isn't "Are we legally liable?"
It's "Can Silo survive reputationally without proactive action?"

3️⃣ Weekly Legal Updates

You mention legal proceedings have been initiated, and it's very much appreciated. Transparency requires regular updates:

• Weekly or bi-weekly public updates on:
• Legal proceedings status (filings, responses, court dates)
• Negotiations with Stream Finance/Stable Labs
• Recovery timeline estimates
• Any settlements or repayments received

4️⃣ UI Transparency

Hiding affected markets while promoting new vaults creates perception of cover-up, regardless of intent.

I strongly advise to:

– Restore UI visibility with clear red warning banners:
"⚠️ This market is affected by the Stream Finance incident. Withdrawals are currently frozen. [Learn more]"

– Dedicated status page showing exact frozen amounts per market, recovery progress, legal action updates

5️⃣ The Permissionless Protocol Paradox

You correctly note that Silo's markets are permissionless and immutable.

However:

• Uniswap doesn't promote specific pools. Users create them independently
• Silo actively promoted Managed Vaults through official channels
• This creates implied endorsement, even if legally disclaimed

If Silo wants to maintain "neutral infrastructure" positioning, it must:

• Stop promoting specific vaults/markets
• Implement risk ratings (A/B/C/D) for all markets
• Require independent audits for any vault featured on official UI

***

The DeFi community values protocols that acknowledge mistakes and let governance decide on solutions. Hiding behind terms of service while promoting new products will permanently damage trust.

This is your chance to either build a strong community by proactively seeking ways to compensate users or risk destroying your reputation entirely.

Assisting affected users will provide long-term value, even if your compensation covers only a fraction of the loss - such as through vested or staked tokens, for example.

PS: Appreciate that you reply to my messages publicly, this is a green flag for the entire community.

[Stacy Muur @stacy_muur]

Dear @SiloFinance team,

I am speaking on behalf of the community and as someone who is personally affected.

Following the xUSD depeg, approximately $60M in user funds remain frozen in Silo's xUSD and xBTC markets.

@StreamDefi is the primary bad actor, but Silo enabled them by:
• Allowing concentration risk
• Relying on Stream's oracle
• Insufficient due diligence on managed vaults

Legal action is necessary. Silo should join forces with Euler, Morpho, and other affected protocols to maximize pressure on Stream

While I appreciate the transparency report, critical questions remain unanswered:

1. How did Stream Finance become the dominant borrower without triggering concentration risk limits?

2. What is the relationship between Silo and @VarlamoreCap, which managed vaults heavily exposed to xUSD?

3. Why did Silo rely on Stream's self-reported NAV for oracle feeds without independent verification?

4. Why did you hide affected markets? It is terrible optics – it looks like Silo is trying to sweep the problem under the rug while promoting new products

I urge Silo to:

1. Restore UI visibility for affected markets with clear risk warnings (hiding them erodes trust)

2. Propose DAO vote on bad debt socialization options:
> Protocol treasury bailout (if feasible)
> SILO token dilution to compensate affected users
> Haircut distribution across all Silo users vs. isolated to affected markets

3. Implement structural reforms: concentration limits, independent oracles, vault management decentralization

4. Announce a schedule of regular legal action updates to keep the affected users well informed.

The DeFi community deserves to know:

• Was Varlamore's relationship with Silo disclosed to users?
• Were risk warnings provided for xUSD's leveraged nature?
• What safeguards failed, and how will they be fixed?

I publish this message because you never answered to my dm.

Transparency and decisive action are essential to restore trust. The longer funds remain frozen while new products are promoted, the more it appears users are being deprioritized.

Look forward to your response and concrete action plan.

[Airdrop Castle @gian28300]

@titanblaze07 @SonicLabs 180 days+30 days+7 days+5 days.....

[Airdrop Castle @gian28300]

@SonicEcosystem When phase 1 rewards?

[Airdrop Castle @gian28300]

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[Sonic @SonicLabs]

Soonic² 🪂

Post this picture with the hashtag #Soonic for a potential surprise.

Like and RT to join the $S movement.

[Airdrop Castle @gian28300]

@SonicLabs C'est si dur de faire une communauté ....et si facile de la perdre !

[Airdrop Castle @gian28300]

@SonicLabs C'est si dur de faire une communauté ....et si facile de la perdre !

[Airdrop Castle @gian28300]

@YvesPDB Il faut arrêter Adolf

[Airdrop Castle @gian28300]

@franceinfo L info juste? ...vous êtes un relais du pouvoir. Sinon c'est le chômage...trop à perdre pour avoir du courage.

[Airdrop Castle @gian28300]

@sakefinance Unable to withdraw cash ?!why?

[Airdrop Castle @gian28300]

@sakefinance @soneium @AstarNetwork Unable to withdraw cash !! Why ?

[Airdrop Castle @gian28300]

@FilFoundation @_FilOz @momack28 @jennijuju @Filecoin Stfil please

[Airdrop Castle @gian28300]

@Filecoin Stfil please