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What is Silo Finance (SILO)?

Silo is a decentralized lending platform that allows users to borrow various cryptocurrencies using other crypto assets as collateral. Each asset is isolated within its own 'Silo,' minimizing risk by preventing it from spreading to other assets in the protocol. Silos are interconnected through a bridge asset, facilitating liquidity flow and enabling borrowing between any collateral token. The protocol supports a wide range of tokens and allows for customizable collateral factors at the individual Silo level.

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