Dicky Needles

Dear @SiloFinance team, I am speaking on behalf of the community and as someone who is personally affected. Following the xUSD depeg, approximately $60M in user funds remain frozen in Silo's xUSD and xBTC markets. @StreamDefi is the primary bad actor, but Silo enabled them by: • Allowing concentration risk • Relying on Stream's oracle • Insufficient due diligence on managed vaults Legal action is necessary. Silo should join forces with Euler, Morpho, and other affected protocols to maximize pressure on Stream While I appreciate the transparency report, critical questions remain unanswered: 1. How did Stream Finance become the dominant borrower without triggering concentration risk limits? 2. What is the relationship between Silo and @VarlamoreCap, which managed vaults heavily exposed to xUSD? 3. Why did Silo rely on Stream's self-reported NAV for oracle feeds without independent verification? 4. Why did you hide affected markets? It is terrible optics – it looks like Silo is trying to sweep the problem under the rug while promoting new products I urge Silo to: 1. Restore UI visibility for affected markets with clear risk warnings (hiding them erodes trust) 2. Propose DAO vote on bad debt socialization options: > Protocol treasury bailout (if feasible) > SILO token dilution to compensate affected users > Haircut distribution across all Silo users vs. isolated to affected markets 3. Implement structural reforms: concentration limits, independent oracles, vault management decentralization 4. Announce a schedule of regular legal action updates to keep the affected users well informed. The DeFi community deserves to know: • Was Varlamore's relationship with Silo disclosed to users? • Were risk warnings provided for xUSD's leveraged nature? • What safeguards failed, and how will they be fixed? I publish this message because you never answered to my dm. Transparency and decisive action are essential to restore trust. The longer funds remain frozen while new products are promoted, the more it appears users are being deprioritized. Look forward to your response and concrete action plan.