https://silodocs2.netlify.app/assets/js/fdd68938.e1410626.js

1"use strict";(globalThis.webpackChunksilo_docs_testsearch=globalThis.webpackChunksilo_docs_testsearch||[]).push([[5459],{9262(e,s,t){t.r(s),t.d(s,{assets:()=>a,contentTitle:()=>o,default:()=>h,frontMatter:()=>r,metadata:()=>i,toc:()=>d});const i=JSON.parse('{"id":"users/sonic-rewards-program/silo-points","title":"Silo Points (or Sonic Gems)","description":"Silo points","source":"@site/docs/users/sonic-rewards-program/silo-points.md","sourceDirName":"users/sonic-rewards-program","slug":"/users/sonic-rewards-program/silo-points","permalink":"/docs/users/sonic-rewards-program/silo-points","draft":false,"unlisted":false,"editUrl":"https://github.com/silo-finance/documentation/tree/master/docs/users/sonic-rewards-program/silo-points.md","tags":[],"version":"current","lastUpdatedAt":1775121753000,"sidebarPosition":2,"frontMatter":{"description":"Silo points","sidebar_position":2,"id":"silo-points"},"sidebar":"usersSidebar","previous":{"title":"Sonic Rewards Program","permalink":"/docs/category/sonic-rewards-program"},"next":{"title":"Sonic Points","permalink":"/docs/users/sonic-rewards-program/sonic-points"}}');var n=t(4848),l=t(8453);const r={description:"Silo points",sidebar_position:2,id:"silo-points"},o="Silo Points (or Sonic Gems)",a={},d=[{value:"Earning Points",id:"earning-points",level:2},{value:"1- Base Points",id:"1--base-points",level:3},{value:"2- Multipliers",id:"2--multipliers",level:3},{value:"Deposit Multipliers",id:"deposit-multipliers",level:4},{value:"Borrow Multipliers",id:"borrow-multipliers",level:4},{value:"Tracking Your Earned Points",id:"tracking-your-earned-points",level:2},{value:"Point Conversion & Terms",id:"point-conversion--terms",level:2}];function c(e){const s={a:"a",admonition:"admonition",annotation:"annotation",h1:"h1",h2:"h2",h3:"h3",h4:"h4",header:"header",img:"img",li:"li",math:"math",mdxAdmonitionTitle:"mdxAdmonitionTitle",mi:"mi",mn:"mn",mrow:"mrow",ol:"ol",p:"p",semantics:"semantics",span:"span",strong:"strong",table:"table",tbody:"tbody",td:"td",th:"th",thead:"thead",tr:"tr",ul:"ul",...(0,l.R)(),...e.components},{Details:i}=s;return i||function(e,s){throw new Error("Expected "+(s?"component":"object")+" `"+e+"` to be defined: you likely forgot to import, pass, or provide it.")}("Details",!0),(0,n.jsxs)(n.Fragment,{children:[(0,n.jsx)(s.header,{children:(0,n.jsx)(s.h1,{id:"silo-points-or-sonic-gems",children:"Silo Points (or Sonic Gems)"})}),"\n",(0,n.jsxs)(s.admonition,{type:"info",children:[(0,n.jsx)(s.mdxAdmonitionTitle,{}),(0,n.jsx)(s.p,{children:"90% of Silo's share of Sonic Gems will be distributed on a pro-rata basis to Silo Point holders at the end of the Sonic campaign. Conversion of Sonic Gems to $S is at the discretion of Sonic Labs and will be communicated in due time."})]}),"\n",(0,n.jsx)(s.h2,{id:"earning-points",children:"Earning Points"}),"\n",(0,n.jsx)(s.p,{children:"Silo users earn two types of Silo Points:"}),"\n",(0,n.jsxs)(s.ol,{children:["\n",(0,n.jsx)(s.li,{children:"Base Points, and"}),"\n",(0,n.jsx)(s.li,{children:"Multipliers"}),"\n"]}),"\n",(0,n.jsx)(s.h3,{id:"1--base-points",children:"1- Base Points"}),"\n",(0,n.jsx)(s.p,{children:"Starting January 6, 2025, Deposits and borrows on Silo Sonic receive the following Base Points:"}),"\n",(0,n.jsxs)(s.ul,{children:["\n",(0,n.jsxs)(s.li,{children:[(0,n.jsx)(s.strong,{children:"Deposits"}),": 1 Silo Point per $1 deposited per day"]}),"\n",(0,n.jsxs)(s.li,{children:[(0,n.jsx)(s.strong,{children:"Borrows"}),": 0.5 Silo Points per $1 borrowed per day"]}),"\n"]}),"\n",(0,n.jsx)(s.p,{children:(0,n.jsx)(s.strong,{children:"PS: A non-borrowable deposit does not earn Silo Points unless it is used as collateral for a borrowing position. Borrowing positions again non-borrowable deposit must be reasonable; otherwise, earned points will be slashed. See the image below."})}),"\n",(0,n.jsxs)(s.admonition,{type:"info",children:[(0,n.jsx)(s.mdxAdmonitionTitle,{}),(0,n.jsx)(s.p,{children:"Users depositing non-borrowable assets with extremely small borrows will have their points slashed. Only material borrows against non-borrowable collateral will earn Silo Points. Silo holds the right to slash points earned unfairly."})]}),"\n",(0,n.jsx)(s.p,{children:(0,n.jsx)(s.img,{alt:"Non-borrowable deposit example",src:t(6875).A+"",width:"1722",height:"744"})}),"\n",(0,n.jsx)(s.h3,{id:"2--multipliers",children:"2- Multipliers"}),"\n",(0,n.jsx)(s.p,{children:"You will receive multipliers on top of Base Points when you take specific actions on Silo Sonic."}),"\n",(0,n.jsx)(s.h4,{id:"deposit-multipliers",children:"Deposit Multipliers"}),"\n",(0,n.jsxs)(s.table,{children:[(0,n.jsx)(s.thead,{children:(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Silo"}),(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Action"}),(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Multiplier"})]})}),(0,n.jsxs)(s.tbody,{children:[(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/sts-s-3",children:"stS-S [3]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/wos-s-22",children:"wOS-S [22]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/wans-s-25",children:"wanS-S [25]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-usdc-20",children:"S-USDC [20]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/wstkscusd-usdc-23",children:"wstkscUSD-USDC [23]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit USDC"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"3x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/wstksceth-eth-26",children:"wstkscETH-ETH [26]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit ETH"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"3x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/eggs-usdc-33",children:"EGGS-USDC [33]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Deposit USDC"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]})]})]}),"\n",(0,n.jsx)(s.h4,{id:"borrow-multipliers",children:"Borrow Multipliers"}),"\n",(0,n.jsxs)(s.table,{children:[(0,n.jsx)(s.thead,{children:(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Silo"}),(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Action"}),(0,n.jsx)(s.th,{style:{textAlign:"left"},children:"Multiplier"})]})}),(0,n.jsxs)(s.tbody,{children:[(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-usdc-8",children:"S-USDC [8]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Borrow USDC"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-eth-9",children:"S-ETH [9]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Borrow S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-eth-9",children:"S-ETH [9]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Borrow ETH"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-scusd-15",children:"S-scUSD [15]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"Borrow S"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]}),(0,n.jsxs)(s.tr,{children:[(0,n.jsx)(s.td,{style:{textAlign:"left"},children:(0,n.jsx)(s.a,{href:"https://v2.silo.finance/markets/sonic/s-scusd-15",children:"S-scUSD [15]"})}),(0,n.jsx)(s.td,{style:{textAlign:"left"}

1,children:"Borrow scUSD"}),(0,n.jsx)(s.td,{style:{textAlign:"left"},children:"2x"})]})]})]}),"\n",(0,n.jsxs)(i,{children:[(0,n.jsx)("summary",{children:"Multiplier Example"}),(0,n.jsxs)(s.p,{children:["Silo Intern deposits ",(0,n.jsxs)(s.span,{className:"katex",children:[(0,n.jsx)(s.span,{className:"katex-mathml",children:(0,n.jsx)(s.math,{xmlns:"http://www.w3.org/1998/Math/MathML",children:(0,n.jsxs)(s.semantics,{children:[(0,n.jsxs)(s.mrow,{children:[(0,n.jsx)(s.mn,{children:"100"}),(0,n.jsx)(s.mi,{children:"o"}),(0,n.jsx)(s.mi,{children:"f"})]}),(0,n.jsx)(s.annotation,{encoding:"application/x-tex",children:"100 of "})]})})}),(0,n.jsx)(s.span,{className:"katex-html","aria-hidden":"true",children:(0,n.jsxs)(s.span,{className:"base",children:[(0,n.jsx)(s.span,{className:"strut",style:{height:"0.8889em",verticalAlign:"-0.1944em"}}),(0,n.jsx)(s.span,{className:"mord",children:"100"}),(0,n.jsx)(s.span,{className:"mord mathnormal",children:"o"}),(0,n.jsx)(s.span,{className:"mord mathnormal",style:{marginRight:"0.10764em"},children:"f"})]})})]}),"S in stS-S [3] and borrows ",(0,n.jsxs)(s.span,{className:"katex",children:[(0,n.jsx)(s.span,{className:"katex-mathml",children:(0,n.jsx)(s.math,{xmlns:"http://www.w3.org/1998/Math/MathML",children:(0,n.jsxs)(s.semantics,{children:[(0,n.jsxs)(s.mrow,{children:[(0,n.jsx)(s.mn,{children:"50"}),(0,n.jsx)(s.mi,{children:"o"}),(0,n.jsx)(s.mi,{children:"f"})]}),(0,n.jsx)(s.annotation,{encoding:"application/x-tex",children:"50 of "})]})})}),(0,n.jsx)(s.span,{className:"katex-html","aria-hidden":"true",children:(0,n.jsxs)(s.span,{className:"base",children:[(0,n.jsx)(s.span,{className:"strut",style:{height:"0.8889em",verticalAlign:"-0.1944em"}}),(0,n.jsx)(s.span,{className:"mord",children:"50"}),(0,n.jsx)(s.span,{className:"mord mathnormal",children:"o"}),(0,n.jsx)(s.span,{className:"mord mathnormal",style:{marginRight:"0.10764em"},children:"f"})]})})]}),"stS.\nHe would earn:"]}),(0,n.jsxs)(s.ul,{children:["\n",(0,n.jsxs)(s.li,{children:[(0,n.jsx)(s.strong,{children:"Deposits"}),": 200 Silo Point per day ($100 * 1 * 2)"]}),"\n",(0,n.jsxs)(s.li,{children:[(0,n.jsx)(s.strong,{children:"Borrows"}),": 25 Silo Points per day ($50 * 0.5)"]}),"\n"]}),(0,n.jsx)(s.p,{children:"In total, his position would be eligible for 225 Silo Points per day."})]}),"\n",(0,n.jsx)(s.admonition,{type:"info",children:(0,n.jsxs)(s.p,{children:["We may adjust multipliers over time to optimize liquidity and utilization. We will announce adjustments via our ",(0,n.jsx)(s.a,{href:"https://discord.gg/silo-finance",children:"Discord"})," and ",(0,n.jsx)(s.a,{href:"https://t.me/silo_finance",children:"TG announcement"})," channels."]})}),"\n",(0,n.jsx)(s.h2,{id:"tracking-your-earned-points",children:"Tracking Your Earned Points"}),"\n",(0,n.jsx)(s.p,{children:"We're creating a dashboard for you to track your earned points. The dashboard will be available soon."}),"\n",(0,n.jsx)(s.h2,{id:"point-conversion--terms",children:"Point Conversion & Terms"}),"\n",(0,n.jsxs)(s.ul,{children:["\n",(0,n.jsx)(s.li,{children:"Silo's 90% share of Sonic Gems will be distributed on a pro-rata basis to Silo Point holders once the Sonic campaign concludes. The conversion of Sonic Gems to $S is at the discretion of Sonic Labs and will be communicated soon."}),"\n",(0,n.jsx)(s.li,{children:"Granting points depends on SiloDAO receiving the Gems from Sonic Labs."}),"\n",(0,n.jsx)(s.li,{children:"If Sonic Labs decides to end the Gems program, Silo Points will automatically terminate, and no compensation will be offered to users."}),"\n",(0,n.jsx)(s.li,{children:"Total earned points may vary slightly due to Silo's tracking system not accounting for positions' accrued interest."}),"\n"]})]})}function h(e={}){const{wrapper:s}={...(0,l.R)(),...e.components};return s?(0,n.jsx)(s,{...e,children:(0,n.jsx)(c,{...e})}):c(e)}},6875(e,s,t){t.d(s,{A:()=>i});const i=t.p+"assets/images/Silo-points-non-borrow-c0ff0be5dbd627b817561b157a011813.png"},8453(e,s,t){t.d(s,{R:()=>r,x:()=>o});var i=t(6540);const n={},l=i.createContext(n);function r(e){const s=i.useContext(l);return i.useMemo(function(){return"function"==typeof e?e(s):{...s,...e}},[s,e])}function o(e){let s;return s=e.disableParentContext?"function"==typeof e.components?e.components(n):e.components||n:r(e.components),i.createElement(l.Provider,{value:s},e.children)}}}]);