Manager Application
info
For full details, refer to the Vault Manager proposal in the Silo Governance Forum.
1. Contact the Silo Team
We recommend getting in contact with the Silo Core team first.
This will allow the DAO to provide:
- Technical support: Deployment guidance and post-deployment review
- Custom markets: Tailored configurations for new silo deployments to be whitelisted by your vault (e.g. interest rate configurations, oracles, etc.)
- Event monitoring: Security service support such as Hypernative to assess vault and market events.
- Guardian Role: Last line safe guard for aberrant vault operations (the Silo team will not be legally responsible for any actions or inactions taken in this capacity).
2. Apply via Silo Governance Forum
While vaults are permissionless to deploy, we recommend vault managers that would like to be featured on the UI to apply on the Silo Governance Forum.
In your application, please include:
- Project Introduction: detailed overview of project and mission of the project.
- Team Introduction: qualifications and experience of team members.
- Vault Types: description of specific vault strategies or types the team intends to manage, including intended use cases or target markets.
- Security and Risk Management: concise explanation of operational security practices and measures taken to protect user funds.
3. Vault Manager Incentive Program
Successful applicants via the Silo Governance Forum will be eligible for the Vault Manager Incentive Program.
| TVL | DAO Revenue (Annualized) | Cumulative Grant ($SILO) |
|---|---|---|
| $3,125,000 | $9,141 | 357,143 |
| $6,250,000 | $18,281 | 714,286 |
| $12,500,000 | $36,563 | 1,428,571 |
| $18,750,000 | $54,844 | 2,142,857 |
| $25,000,000 | $73,125 | 2,857,143 |
| $31,250,000 | $91,406 | 3,571,429 |
| $37,500,000 | $109,688 | 4,285,714 |
| $50,000,000 | $146,250 | 5,714,286 |
| $62,500,000 | $182,813 | 7,142,857 |
| $93,750,000 | $274,219 | 10,714,857 |
| $125,000,000 | $365,625 | 14,285,714 |
| $156,250,000 | $457,031 | 17,857,143 |
| $187,500,000 | $548,438 | 21,428,571 |
| $250,000,000 | $731,250 | 28,571,429 |
| $312,500,000 | $914,053 | 35,714,286 |
| $625,000,000 | $1,828,125 | 71,428.571 |
Program Terms
- Rewards are cumulative and granted based on TVL or revenue performance metrics.
- Deposits made via minting/issuing directly into a vault are excluded from the program.
- Performance metrics are reviewed using a 60-day median to ensure fair and consistent assessment and to mitigate short-term volatility.
- Rewards will be distributed quarterly and subject to a one-year linear vest to align manager incentives with long-term growth.
- The initiative will operate for one year or until the total allocation of 72,000,000 $SILO tokens is exhausted; whichever comes first.
- If a manager's achieved TVL or revenue performance falls between two predefined tiers, rewards will be granted at the lower tier rate.
- SiloDAO reserves the right to withhold incentives in case of abuse, including inflating a vault's TVL, operating vaults on suspicious markets, acting in ways detrimental to the SiloDAO, or engaging in suspicious activities.