Silos v2 Release 27 March 2025
Exclusively on Sonic
We are very excited for Gravity Finance Silos v2 to finally be launch-ready, exclusively for Sonic Chain.
Silos v2 is officially launching on March 27, 2025, at 10am UTC.
This is the culmination of not only the last 7 months working towards our Sonic release, but actually the last 3+ years of development. We initially announced development had started in March 2022 and “version 1” released on 17th April 2023.
We’re pleased to say Silos v2 is a far superior version over the original product, with better gas management options and transaction ordering utilising Gelato network, as well as being deployed on a far superior blockchain for speed and cost of transactions.
With real support from the network and projects that we’re integrating with, we truly believe Silos v2 can be a game changer for the DeFi space.
What are Gravity Silos?
Silos are pre-built, noncustodial investment/trading strategies for DeFi.
You can think of a Gravity Silo as a personal vault with a fully fledged, end-to-end strategy pre-built into it for you, and everything is automated and noncustodial, allowing truly set-and-forget DeFi.
Live Launch: Twitter Space
We will be hosting a Twitter Space, starting at 9:30am UTC and will be chatting with other projects during this live launch event. We would love to have you on the space, come ask questions and hear first-hand from projects we’re integrating with, info here.
Launch Strategies
We’re launching with a limited catalogue of strategies. The first two include a “DCA” strategy, which allows users to swap Token A to Token B on a schedule and direct the purchased asset to any address they wish, the DCA Strategy is ideal for scaling into or our of any token on Sonic chain over any given period of time.
Our showpiece strategy is “Borrow to Farm”, which utilises Silo Finance for a collateralised loan, Rings Protocol to mint scUSD and SwapX DEX for liquidity provision and yield farming rewards.
The “Borrow to Farm” strategies allow users to adjust when a loan gets rebalanced using min/target/max parameters for Loan To Value.
How Loan Rebalancing Works
For the Collateralised Loan on Silo Finance, the gSilo Loan To Value target is 65%, example, deposit $100 worth of wS, the gSilo will borrow ~$65 USDC as “debt”. There is an adjustable range for the LTV, with a Min — Target — Max (default 45% — 65% — 75% respectively).
Utilising Gelato Network web3 functions, the Loan To Value position is monitored on every block, if the value of the wS collateral goes up or down (passes below 45% or above 75% LTV), the Silo Finance loan is automatically rebalanced in the gSilo to retarget 65% LTV, thereby bringing the loan back to a healthy status and avoiding liquidation events and/or optimising yields.
Scheduled Tasks
All Silo Strategies come with the ability to schedule certain tasks, such as when to harvest rewards, which can be either “automatically” (based on reward balances) or schedules (based on time intervals), this allows users to decide when certain tasks should happen, and what to do with the tokens they receive.
Directing Token Flow
Along with being able to schedule these certain tasks, such as harvesting or DCAing into/out of tokens, users can also direct the flow of tokens to suit their specific needs. For example when a strategy harvests rewards, users have the option to “compound” the rewards, this essentially sells the rewards for the “main” token in the strategy (in the case of the Borrow to Farm strategy, that is the collateral token), other options include sending to another Silo where they can be utilised in another strategy, or sending to an address, such as a wallet or even a crypto debit card (looking at you Sonic Pay), users can even split-up their rewards with a percentage allocated to any of the three tasks mentioned above.
In the event the token does not match the required token, users can choose to direct tokens to an “intermediary DCA Silo” where the tokens can be automatically swapped to the users required/preferred token.
Points & Gem Farming with Silos
Gravity Finance Silos might also be the easiest way to farm Sonic Points and Gems from Sonic Boom winners and points-earning projects, the strategy above, for example, interacts with;
Gravity Finance, Silo Finance, Rings Protocol and SwapX, all of which are Sonic Boom winners.
The above strategy also utilises $S (wS), USDC, scUSD for passive and active points on Sonic, all with;
- 1-click deployment
- 1-click enter/exit
- Exposure to multiple projects
- Automatic Rebalancing on loans
- Automatic reward handling
Guided Tour
Below, you will find a video walkthrough for Silos v2, this is a raw video with no editing and is intended to give an overview and explination of what Silos are and how they operate, from creating a Silo Manager to deploying and funding Silos to linking Silos together with harvest/purchase rules.
Want to get involved with the Gravity Community, come and join our Discord server and make sure to follow us on Twitter to stay up to date with the latest announcements and news.
Links
Website: https://gravityfinance.io
Twitter: https://twitter.com/Gravity_Finance (@Gravity_Finance)
Discord: https://discord.gg/gfi