Silos Introduction
Last updated
Last updated
A Crypto Wallet? A personal Smart Contract owned by the user? A DeFi Strategy? A Risk Management tool? A bot that can automate simple and complex tasks? A tool that combines all of the above to create customizable, automated investment strategies?
Well actually, it's all of those things and more but more importantly, it's very simple to use. Lets dive in.......
At its core, Silos are a DeFi tool that allows users to create personalised and fully automated DeFi tasks in seconds. Users can select from our catalogue of predefined strategies and deploy their very own smart contracts based on the settings they choose, and all with no coding experience required.
Depending on which Strategy is deployed, the task/s performed may be as simple as purchasing a specific token at a set schedule or could be more advanced like performing complex DeFi yield generating strategies which require automated risk management and liquidation prevention.
Every Silo Strategy is designed in such a way that it allows the user to configure when tasks should occur (a schedule or automatically) based on set criteria. Strategies that require risk management are constantly monitored and if an action is required, it is executed immediately.