@SiloFinance Yeah just deposit your stables into silo managed vaults and when shit hits the fan, go to the discord channel and be called an idiot for trusting them... 😉
@diogenes@gonzalo44880246@DAnconia_Crypto@Citrini7 Why don't you please come to the channel and talk to him in public so we can all see who is the one that rejects the other. Because to the community it looks more like you are hiding from us...
@SiloIntern Yeah, the oracle doesn't liquidate them when xUSD depegs and fucks the USDC lenders... That's really great architecture. Also the APR goes to unlimited and all funds deposited into the market becomes bad debt over time....
@0x_Layer2@SiloFinance One person could withdraw 22k but there are 65k stuck in the silo because the debt is higher than the assets because the team can't stop the apr... This is ridiculous, 65,000 usdc are locked in that market forever...
Silo DAO is preparing legal action to defend its community.
We stand by our lenders who’ve been impacted by Stream Finance’s failure to repay standing loans and redeem xUSD and xBTC.
Here’s what’s happening and how you can participate 👇
The community can’t take it anymore, everyone’s underwater, and some people keep acting like nothing’s wrong. I’m sick of being humiliated every single day.
@MitchellDemeter, make the right decisions and remove those employees who destroyed us. $S
Approaching one month as CEO of Sonic Labs. I’ve been meeting with teams, builders, community members, and partners across the ecosystem as part of a comprehensive review of our strategy, structure, and growth priorities. Communication has slowed intentionally as we align on execution and long-term direction.
Our focus is on the fundamentals: sound economics, strong partnerships, and real on-chain value creation and capture.
The next phase will be defined by focus, alignment, and consistent execution, supported by clear communication and measurable progress on the metrics that matter. We’re growing real on-chain activity, expanding our ecosystem of builders, and forging institutional partnerships that accelerate adoption.
Sonic’s mission is clear: to become the foundation where global on-chain finance is built, scaled, and trusted. $S
Mitch = John Wick
$S price = his dog
For 9 long months, the market beat his dog.
Now that @MitchellDemeter is the CEO of @SonicLabs, his vengeance arc is activated. And he’s not stopping till every candle is green 🐕📈