Silo is a non-custodial lending protocol that allows borrowing any crypto asset from another individual. XAI is an over-collateralized stablecoin, softly pegged to the US dollar. With the approval of SiloDAO, XAI becomes the second bridging asset alongside ETH within the Silo lending protocol. Instead of borrowing ETH to move from asset A to B, users will be able to collateralize XAI to borrow any token asset within the protocol.
