Generalize
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Silo enables all token assets to access isolated lending markets, similar to how Uniswap provided liquidity pools for numerous tokens. Users can utilize any token as collateral. Silo prioritizes security, efficiency, and inclusivity. If a token is exploited or manipulated, the impact is contained within its specific market, rather than affecting the entire protocol. Each lending silo supports two assets: the bridge token and a unique token. This design concentrates liquidity in individual pools, enhancing efficiency. Silo's markets are permissionless, allowing any token asset to have a borrow/lend market.
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What are the characteristics of Silo, a non-custodial lending protocol?
Silo is a non-custodial lending protocol that allows users to borrow any crypto-asset with another. It offers the following characteristics:
- SECURE BY DESIGN: When users deposit in a Silo, they don't share the risk with other tokens in the protocol. Silos can only borrow the bridge asset from each other, keeping the risk isolated to a single Silo.
- EFFICIENT: To concentrate liquidity, each token asset gets one Silo only. With the bridge asset connecting all Silos, liquidity moves fluidly in the protocol, enabling any collateral token to borrow another.
- PERMISSIONLESS: Silo is designed to support any token asset on the chains it operates on. Silos share default collateral factors that can be adjusted on a Silo level at any time.
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