Silo just passed a major proposal on @SonicLabs.
For the next 3 months, 50% of protocol revenue will be distributed directly as USDC to xSILO holders.
Previously, @SiloFinance revenue was used to buy back $SILO.
That SILO went into the staking contract, pushing the xSILO:SILO ratio higher.
Now the model changes.
xSILO holders will be able to claim stables directly, without waiting for the ratio to grow.
This 3-month pilot begins in September, and if the community likes it, it could become the new standard.
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