Is silo.finance Safe? Security Analysis for SiloDAO
Check if silo.finance is a scam or legitimate. Free security scan and reviews.
AI Summary
Silo Finance operates as a non-custodial decentralized finance (DeFi) platform specializing in high-yield, risk-isolated money markets for lending and borrowing crypto assets across Ethereum and EVM-compatible chains. The platform offers a suite of services including lending, borrowing, liquidity management via Silo Vaults, developer tools for building custom lending infrastructure, and token staking/governance through the SILO/xSILO token evolution. Positioned as an innovative player in the DeFi space, Silo emphasizes risk isolation and cross-chain interoperability to attract crypto lenders, borrowers, and developers. Technically, the website is built on Webflow CMS with modern web technologies including Google Fonts, jQuery, and integration with The Graph API and Chainlink CCIP for blockchain data and cross-chain token transfers. Hosting is via AWS Cloudfront CDN, ensuring moderate performance and good mobile optimization. The site features rich multimedia content, clear navigation, and comprehensive developer and user documentation, reflecting a mature digital presence. From a security perspective, Silo Finance demonstrates strong commitment through multiple third-party audits, formal verification of its codebase, a substantial bug bounty program, and live event monitoring. However, some improvements are recommended such as adding explicit security headers, publishing a security.txt file, and implementing cookie consent mechanisms to enhance GDPR compliance. No critical vulnerabilities or exposed sensitive data were detected. Overall, Silo Finance presents a trustworthy and professional DeFi platform with a solid security posture and a well-executed web presence. The lack of WHOIS transparency is typical for crypto projects and does not detract significantly from legitimacy. Strategic recommendations include enhancing privacy compliance, improving security header implementation, and providing clearer incident response contacts to further strengthen trust and compliance.
Detected Technologies
🧠AI Business Intelligence
Technology stack, business insights, and market analysis powered by AI.
Business Intelligence
Market & Strategic Analysis
Silo Finance is positioned as a specialized DeFi lending and borrowing protocol focusing on risk-isolated money markets, targeting crypto asset holders and developers seeking customizable lending infrastructure. Its business model revolves around non-custodial finance, earning revenue through lending interest, borrowing fees, liquidity incentives, and governance token utility. The platform's competitive advantages include risk isolation, cross-chain interoperability, and a developer-friendly hooks stack for custom deployments. Partnerships with security audit firms and analytics platforms enhance credibility. Growth indicators include active governance, multiple chain deployments, and a substantial bug bounty program. The ecosystem is supported by integrations with Chainlink, The Graph, and community engagement via Discord, Telegram, and Github.
Security Posture Analysis
Comprehensive Security Assessment
Silo Finance exhibits a mature security posture with multiple comprehensive audits from reputable firms (Certora, Sigmap Prime, Spearbit Cantina, Enigma), formal verification, and a $350,000 bug bounty program hosted on Immunefi. The platform also participates in live event monitoring and has signed the Security Alliance’s Safe Harbor Agreement, indicating commitment to security best practices. However, the website lacks explicit security headers and a published security.txt file, which are recommended for improved vulnerability disclosure and mitigation. No direct incident response emails are publicly listed, which could be enhanced to improve responsiveness. Overall, the security culture appears strong but could benefit from formalizing some web security practices.
Strategic Recommendations
Priority Actions for Security Improvement
Implement and enforce security headers such as Content Security Policy (CSP), HTTP Strict Transport Security (HSTS), and X-Frame-Options to mitigate common web attacks.
✨Observations
AI-powered comprehensive website and business analysis.
AI-Enhanced Website Analysis
Business Insights
SiloDAO
High-Yield, Risk-Isolated Money Markets for Lending & Borrowing Any Crypto Asset
excellent
consistent
Technical Stack
moderate
good
basic
good
Security Assessment
- HTTPS enforced
- Multiple third-party audits
- Formal verification of codebase
- Bug bounty program with $350,000 reward
- Live event monitoring and tracing
Analytics & Tracking
Advertising & Marketing
Website Quality Assessment
Key Observations
Website is fully accessible with rich content and multimedia.
🛡️Security Headers
HTTP security headers analysis and recommendations.
Security Headers
HTTP security headers analysis
Missing X-Frame-Options header
HIGHPrevents clickjacking attacks
Missing X-Content-Type-Options header
MEDIUMPrevents MIME type sniffing
Missing Content-Security-Policy header
HIGHControls resources the browser is allowed to load
Missing X-XSS-Protection header
MEDIUMLegacy XSS protection (deprecated but still recommended)
Missing Referrer-Policy header
LOWControls referrer information sent with requests
Missing Permissions-Policy header
MEDIUMControls browser features and APIs
Sensitive data may be cached
LOWCache-Control header should include "no-store" for sensitive pages
👤GDPR Compliance
Privacy and data protection assessment under GDPR regulations.
GDPR Compliance
Privacy and data protection assessment
No Privacy Policy found
HIGHGDPR requires a clear and accessible privacy policy
No Cookie Policy found
HIGHGDPR requires clear information about cookie usage
No Cookie Consent Banner found
HIGHGDPR requires explicit consent for non-essential cookies
Third-party services without privacy policy
HIGHDetected services: Twitter, Google APIs
GDPR Compliance Analysis
🛡️NIS2 Compliance
Network & Information Security Directive compliance assessment.
NIS2 Compliance
Network & Information Security Directive
No information security framework found
HIGHNIS2 requires documented cybersecurity and information security measures
No vulnerability disclosure policy
MEDIUMNIS2 encourages coordinated vulnerability disclosure
No security policy documentation found
HIGHNIS2 requires documented cybersecurity governance and risk management
No incident response procedures found
HIGHNIS2 requires documented incident response and business continuity plans
No business continuity planning found
MEDIUMNIS2 emphasizes operational resilience and business continuity
No security contact information
HIGHNIS2 requires clear incident reporting channels
No vulnerability reporting mechanism
MEDIUMClear vulnerability reporting supports coordinated disclosure
No NIS2 reference found
LOWConsider explicitly mentioning NIS2 compliance efforts
Critical sector without clear security compliance
HIGHDetected sectors: energy, transport, banking, digital
📧Email Security
SPF, DKIM, and DMARC validation and email security assessment.
Email Security
SPF, DKIM, and DMARC validation
No DKIM record found
MEDIUMDKIM adds cryptographic signatures to emails
No BIMI Record
LOWBIMI displays brand logos in email clients
No MTA-STS Policy
MEDIUMMTA-STS enforces TLS for email delivery
No TLS-RPT Record
LOWTLS-RPT provides reporting for email TLS issues
SPF Details
DMARC Details
🏆SSL/TLS Security
Certificate validity and encryption analysis.
SSL/TLS Security
Certificate validity and encryption analysis
Weak Protocols Supported
HIGHServer supports weak protocols: TLSv1.1
Certificate Transparency Not Implemented
LOWCertificate is not logged in Certificate Transparency logs
SSL Certificate Expires Within 90 Days
MEDIUMSSL certificate expires in 89 days
Weak SSL Key Length
HIGHSSL certificate uses 256-bit key, which is considered weak
Partial SSL/TLS Assessment
LOWCompleted 3 of 4 security checks due to time constraints
Protocol Support
OCSP Status
📊DNS Health
DNS configuration and security assessment.
DNS Health
DNS configuration and security assessment
DNSSEC Not Enabled
MEDIUMDNSSEC is not configured for this domain
CAA Records Not Configured
LOWCertificate Authority Authorization (CAA) records not found
DNS Records
DNSSEC Status
SPF Analysis
⚡Network Security
Port scanning and network exposure analysis.
Network Security
Port scanning and network exposure analysis
Good Network Security Posture
LOWNo unnecessary services detected on common risky ports
🔧Technical Analysis
Detailed technical findings and analysis from AI assessment.
Technical Analysis
Comprehensive security assessment findings