Silo Finance will take your Money
I am documenting my experience with Silo Finance in connection with a mevUSDC vault facilitated through Spectra Finance.
My contract reached maturity on February 28, 2026. Upon attempting to withdraw both my principal and accrued earnings, I was unable to do so due to a complete lack of available liquidity in the vault. This effectively prevented me from accessing my own funds.
After contacting Spectra Finance, I was explicitly informed that Silo Finance is responsible for managing the vault and underlying contract, including liquidity and withdrawals. I then made multiple good-faith attempts to resolve the issue directly with Silo Finance, including:
Submitting a formal inquiry through their website
Opening a support ticket via their official Discord “Help Desk”
After 13 days without any response, I made a public follow-up inquiry—remaining professional and respectful—requesting an update on my unresolved ticket. Instead of addressing the issue, I was banned from their Discord channel without explanation, effectively cutting off all communication.
As of today, I have over $900+ in funds that remain inaccessible, with no timeline, no resolution, and no communication from Silo Finance.
This situation raises serious concerns regarding:
Liquidity management and solvency practices
Failure to provide adequate customer support
Suppression of user inquiries and lack of transparency
Users should be aware that engaging with this platform may expose them to material financial risk with limited to no recourse.
I strongly urge anyone considering Silo Finance or related products to exercise extreme caution and conduct thorough due diligence before depositing funds.