Aiham Jaabari (Silo Finance)

• Project goal: Build a Telegram bot to notify users about risky borrow positions • Key challenge: Developing a backend system to monitor all positions

• User focus:

• Borrowers are their most important users
• Aim to prevent liquidations entirely

• Liquidation prevention strategies:

• Repaying debt (partial or full) is the best approach
• Adding collateral is less effective
• Cross-collateral rebalancing is a separate consideration

• Current market structure:

• Isolated lending market
• Separate health factor for each position

• Proposed solution:

• Monitor health factor and alert users when it drops below a certain point
• Allow users to set custom alert thresholds
• Notify users through various channels (e.g., Telegram)

• Technical considerations:

• Need to monitor thousands of positions block by block
• Each wallet may have multiple positions

• Implementation challenges:

• Limited internal bandwidth for development
• Complexity of monitoring numerous positions simultaneously

• Desired features:

• User-defined health factor thresholds
• Telegram notifications

• Historical context:

• Similar solution previously used by Aave
• Consensys acquired and discontinued that solution

• Collaboration options:

• Willing to provide a grant for development
• Open to purchasing a solution
• Their backend engineer could potentially collaborate

• Additional notes:

• Prefer an open-source approach
• Willing to support the project in various ways