Over 3.3m $S have been sent directly to Silo Point S1 holders, representing Silo's 27.2% ownership of total Sonic Gems.
This represents a Silo Point:$S conversion ratio of ~0.00007 inclusive of the vesting component.
Sonic S2 is live with more great rewards ahead.
To put things in perspective, 1x Silo Points granted 0.78% APR.
On 3x Silo Points (e.g. Silo Vaults), that's 2.34% bonus APR on top of market-leading yields!
Sending Address:
Note that distributions to protocols are still ongoing - stay tuned.
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