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SiloSiloby0x1fF60e85852Ac73cd05B69A8B6641fc24A3FC0110x1fF6…C011

xSILO Reward Model Temperature Check: USDC, ETH, or SILO Buyback?

Voting ended 5 months agoSucceeded

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

Off-Chain Vote

Distribute as USDC
21.13M SILO97%
Distribute SILO (Current)
248.04K SILO1.1%
Distribute as ETH
411.01K SILO1.9%
Abstain
0 SILO0%
Quorum:218%
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Timeline

Aug 21, 2025Proposal created
Aug 21, 2025Proposal vote started
Aug 24, 2025Proposal vote ended
Aug 24, 2025Proposal updated