Over 3.3m $S have been sent directly to Silo Point S1 holders, representing Silo's 27.2% ownership of total Sonic Gems. This represents a Silo Point:$S conversion ratio of ~0.00007 inclusive of the vesting component. Sonic S2 is live with more great rewards ahead.

To put things in perspective, 1x Silo Points granted 0.78% APR. On 3x Silo Points (e.g. Silo Vaults), that's 2.34% bonus APR on top of market-leading yields! Sending Address: Note that distributions to protocols are still ongoing - stay tuned.