[@SonicLabs Try the dApp - @SiloFinance]
Today, I will try Silo Finance, which has received the most Gems among Sonic's dApps.
Like last time with Aave, it's a lending platform, and I will deposit $S.
Since it's the project that received the most Gems, it should provide a lot of rewards to users, right?
1. Deposit $S Vault
As soon as I enter, I see the $S Vault. I will put some money in here.
2. Swap to wS
I need to deposit Wrapped $S, not $S? I swapped 30 $S at @aave.
3. Deposit 30 wS
4. Done!
Now, this vault will automatically lend out the money I deposited to other pools and earn interest, with an APR of about 3.7%.
Additionally, since I deposited $S, I can also farm Sonic points at 12X, and I can earn Silo's own points as well. (Silo's own points will likely be provided later as $S rewards)
*Risk: If this vault gets hacked, the money just disappears. Always deposit only an amount you can afford!
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