This is a temperature check to gauge community interest in switching xSILO’s reward distribution model from a buy-back and distribute model to a direct distribution of USDC or ETH.
If approved, 50% of revenue will be swapped for USDC or ETH (instead of being used for buybacks) and distributed to xSILO holders.
The chosen model will be piloted for 3 months starting September 1, 2025, before being reviewed to determine the preferred method.
Choices: 1- Distribute as USDC 2- Keep distributing SILO from buybacks (current method) 3- Distribute as ETH 4- Abstain