XAI-XAI Silo FinanceDetailed Description

XAI-XAI Silo Finance Detailed Description

Silo is a non-custodial lending protocol that can lend any cryptocurrency asset to another person. XAI is an over-collateralized stablecoin that is soft-pegged to the U.S. dollar. With the approval of SiloDAO, XAI serves as the second bridge asset alongside ETH in the Silo lending protocol. Instead of borrowing ETH from asset A to B, users will be able to stake XAI to borrow any token asset in the protocol.