Deposits & Withdrawals

At their core, Silos are an address just like any other wallet and tokens can be transferred in and out at any time. The major difference is that each Silo is limited to a select list of tokens that it accepts and this varies between strategies however all Silos accept wETH. Each Silo has a Primary Reserve Asset and up to 4 Secondary Reserve Assets.

All 5 assets can be transferred into the Silo by using the UI or by transferring directly to the Silo's address. These assets are then held in the Silo until they are invested into the Silo's strategy, which may be instantly depending on the Silos settings and the amount deposited.

The important thing to note is that the secondary assets are always converted into the Primary Asset at the time they are invested into the Strategy. So if the Silos Primary Reserve Asset is wBTC and you deposit USDC, that USDC will be converted to wBTC when the Silo invests it.

This is a one way conversion and once a Secondary Asset is invested, it will remain as the Primary Asset from that moment forward. When you exit the strategy, all funds returned to the Silo will be in the Primary Asset.