SIIP-02: Allocation of Excess Tokens

This vote is created as a result of community discussions. Take a look at the topics before you vote. gov.silo.finance/t/allocation-of-excess-tokens/93 gov.silo.finance/t/active-proposal-allocation-of-excess-tokens/149

You are voting to allocate 1.5M $SILO tokens to one of the following streams:

1- Treasury: Send the tokens to Silo DAO. Token holders can vote to put the treasury’s holdings of $SILO tokens to use at any time.

2- Development Fund: Allocate tokens to the development fund to fund activities that grow the protocol, including but not limited to:

• Grants program: Pay for measurable contributions that aim to grow the protocol’s users and liquidity - creating content, building tools, etc.
• Insurance: Buy a cover for specific markets (Silos) in the early days of the launch.
• Bug bounty program: Launch a bounty program to strengthen the security of the protocol.
• Other activities that can be suggested by community members at any time.

3- Community: Possible streams include:

• Early users of the protocol such as ETH liquidity providers, borrowers etc.
• Auction participants If voted, the community can discuss further how to allocate the tokens to community members.

4- Burn the tokens.