SIL OEC V2 Important Update: New Yield Model

Dear SILians,

After various experiments and modeling, we are pleased to announce that SIL is going to launch a milestone release on OEC!

The rationale for this milestone release is that the team find there exists Single-Token Farms on OEC(also on future L2 or chains) which have quite rewarding and sustainable returns, if we aggregate the LP yield returns into those Single-Token Farms, the final ROI will be more effective and concentrate by avoiding transaction frictions while executing Compound Interest triggers.

The New model will have the following updates of user experience:

• The LP Compound(APY) of the YIELD mode will be redirected to the Lounge.

— The LP Compound(APY) of CHE LP will be redirected to SIL/CHE Lounge Bar.

—The LP Compound(APY) of JF LP will be redirected to SIL/JF Lounge Bar.

• SILians can stake SIL to earn a high yield of CHE or JF in the Lounge.
• The Lounge Bar will do Auto-Compound when SILians deposit/withdraw which produces APY.
• The pools in the YIELD mode only emit SIL (APR) after this update.

Please don’t hesitate to give the team feedback, we are all ears.

In the meanwhile, we have a campaign available for OEC users who don’t yet know about SIL, and it lasts 3 days, take a look here.

The SIL bootstrap team