Hassan Maishera
Sonic Labs, previously known as the Fantom Foundation, announced via X on Wednesday that it has partnered with Silo Finance. With this partnership, Silo Finance will be available on Sonic at launch.
Silo is a non-custodial lending protocol that provides risk-isolated money markets for a wide range of crypto assets, including the Sonic token $S. With Silo, users will enjoy higher borrowing efficiency with correlated assets like LRTs/LSTs and higher capital efficiency for lenders with custom interest rate curves for each market.
Furthermore, with isolated risks, Silo lets users lend and borrow without worrying about cross-contamination of assets.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin has been up 13% in the last 24 hours and is currently trading at $0.4603.
