Lenders deposit funds into Silo Finance and receive interest payments from borrowers (supply-side fees).

Silo Finance is a non-custodial lending protocol built on Sonic and other EVM-based blockchains. Silo Finance was founded by Aiham Jaabari and launched in 2021.

SILO tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

github

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etherscan

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Lending

Silo Finance

# Silo Finance Treasury Methodology

## 1. Overview

Treasury measures the total value of all assets held in the on-chain treasury addresses controlled by Silo Finance. This metric reflects the financial resources available to the protocol for funding operations, incentivizing growth, and rewarding contributors. The treasury includes both external assets and the protocol's native assets, providing a comprehensive view of the project's financial position.

## 2. Data sources

- **Blockchain events**: ERC-20 token transfers and native asset transfers involving designated treasury addresses, covering Ethereum, Arbitrum, and Sonic
- **External data**: End-of-day price feeds for all held assets

## 3. Step-by-step calculation

### Component A: Asset flow tracking

- **Purpose**: Capture all incoming and outgoing movements of assets for identified treasury accounts
- **Logic**: ERC-20 token transfers and native asset transfers are parsed for a specific set of treasury addresses across Ethereum, Arbitrum, and Sonic. Daily net flows are calculated by summing the value of all transfers for each asset and address.
- **Key fields**: `account_address` (treasury identification), `token_address` (asset identification), `value` (transfer amount)

### Component B: Cumulative balance calculation

- **Purpose**: Determine the historical and current balance of each asset held in the treasury
- **Logic**: Daily net flows are aggregated chronologically to establish a running balance for every asset held within the treasury addresses. A fill-forward mechanism is applied to ensure that the most recent balance is carried over for every day, including periods where no transfer activity occurred.
- **Key fields**: `timestamp`, `balance`

### Component C: USD valuation and final aggregation

- **Purpose**: Normalize asset balances to USD for standardized reporting
- **Logic**: Asset balances are normalized by decimal precision and multiplied by end-of-day price feeds. The resulting USD values are aggregated by day across all addresses and chains. The metric is finalized by ensuring all dates are represented, with zero-filling applied where no balances are detected.
- **Key fields**: `price_usd`, `amount` (USD value)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of a project's onchain treasury, including its native token.

Silo FinanceSILO

Treasury

Treasury

Competitive landscape

Chain breakdown