TechFlow reported that Silo Finance, a non-custodial lending protocol, announced on Twitter the launch of its cross-chain lending product Silo Llama on the Ethereum mainnet, using crvUSD as the sole bridging asset.
Silo Llama adopts a risk-isolation design where each token asset has its own isolated lending market paired exclusively with crvUSD. Lenders providing crvUSD can borrow against any supported token, with each market fully isolated from others within the protocol.
Silo stated that Silo Llama will initially launch with 10 pools including CRV, LINK, and rETH. By utilizing crvUSD as the bridging asset, Silo Llama enables cross-chain lending functionality.
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