Note

Approval requires more than 50% of YES votes and a minimum threshold of 10k DIA voting power across $DIA, $ARB, and $SILO tokens. The weight of $ARB and $SILO tokens is calculated by equalizing their fully diluted market cap with DIA's at the time of the vote's creation

Project Overview

• Project Name: Silo Finance
• Project Website: https://www.silo.finance/
• Project use case: Isolated Lending Market
• Oracle Use: Price feeds to determine lending parameters and liquidations
• Project Token: https://www.coingecko.com/en/coins/silo-finance

Request for DIA Oracle Gasdrop Program

Our project, Silo Finance, is currently building an isolated lending market on the Arbitrum network. We would like to participate in DIA's Oracle Gasdrop program to support the funding of DIA price feeds which are required to determine lending parameters and liquidations.

We are current users of DIA Oracles for our $rDPX (https://arbiscan.io/address/0xe871e9bd0ccc595a626f5e1657c216ce457cea43) and $JONES (https://arbiscan.io/address/0xe871e9bd0ccc595a626f5e1657c216ce457cea43) markets and intend to continue this relationship for additional listings.

We understand that approval of this request requires a vote with more than 50% of YES votes from the holders of Arbitrum, DIA, and our project's tokens. We are committed to providing any additional information required for the voting process.

Thank you for considering our request.

The Silo Finance team

About DIA Oracle Gasdrop

DIA is supporting dApp development with an Arbitrum grant program to co-sponsor gas costs of oracle updates. The grant program is designed to facilitate the evolution of new DeFi use cases within the Arbitrum ecosystem. The program is funded by ARB tokens received from the Arbitrum airdrop.

Learn more at https://www.diadata.org/oracle-gasdrop-arbitrum-grant/