Silo Labs: Proposal to convert xSILO incentives to USDC or ETH has been published, and voting closes on August 24
2025-08-23 02:51:49
Sonic ecological project Silo Labs posted on the X platform that it has published a proposal on the decentralized voting platform Snapshot to convert xSILO incentives to USDC or ETH. If passed, this three-month pilot will allow xSILO holders to receive 50% of DAO revenue in the form of USDC or ETH, instead of the current repurchase and distribution model. It is reported that this vote will end on August 24. The current proportion of support for issuance in the form of USDC is 96.97%, the proportion of support for issuance in the form of ETH is about 1.89%, and the proportion of maintaining the current distribution form is 1.14%.
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