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Silo launches OP mainnet, plans to allocate 100,000 OP to the initial market in the first phase
19/06 16:03
Decentralized lending protocol Silo announced the launch of the OP mainnet on X. 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.
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