Introducing 9Summits & Our First Silo Vault
Background
Hi Silo community, we’d like to give a brief introduction about us.
9Summits is a global digital asset investment firm specializing in DeFi yield & Liquid Beta Strategies within the Ethereum ecosystem, partnering with institutions and private LPs to deliver consistent, risk-managed returns across market cycles.
We are a lean team of engineers, computer scientists, and strategists managing over $80 million with several years of experience.
9Summits combines deep expertise in capital allocation and risk management to create bespoke, institutional-grade products on blue-chip assets for qualified investors, DAO treasuries, DeFi protocols, and blockchain foundations.
Rationale
Our Flagship strategies run through Lagoon vaults, which are general-purpose, enabling flexible allocation to any asset, protocol, or chain. These vaults are open to all LPs, regardless of their size or time horizon. Within this framework, we also design Morpho and Euler markets as a trusted, whitelisted partner.
Today, we are thrilled to expand our curation activities to the Silo ecosystem with a USDC vault on Avalanche. As of writing, the protocol’s total utilization ratio stands at 63%, reflecting active borrowing and efficient capital deployment, making this an attractive and dynamic space for participation.
Risk Management
We maintain the majority of our exposure in blue-chip assets and derivatives. Allocations are primarily directed to tier-1, battle-tested protocols, with limited positions targeting potential retroactive airdrop rewards or emerging projects where counterparty or liquidity risks are elevated. This approach ensures the funds stay liquid while capturing sustainable yield sources.
In the context of the Silo deployment, our operational scope focuses on ensuring safe and efficient capital deployment across approved markets, whether existing or customized by 9Summits.
Specifically, this includes:
-
Whitelisting markets based on liquidity, oracle integrity, collateral stability, and the underlying redemption mechanism design to mitigate potential illiquidity events or depegs.
-
Setting dynamic caps to manage liquidity and prevent concentration.
-
Allocating and reallocating to diversify exposure and drive borrowing activity.
-
Distributing roles with permissions tailored to responsibilities and governance needs.
Other Details:
This Silo stablecoin vault will function as a sub-strategy within the main Lagoon vault, created in the context of the Avalanche Campaign in collaboration with Turtle.xyz and Tulipa Capital.
The timelock will initially be set to 1 day. Once market additions and cap assignments are finalized, it will be increased to 2 days. Setup was performed through Silo’s official UI and did not require custom contracts.
Our team will continuously monitor for unusual activity and conduct rebalancing as needed, while leveraging Silo’s Hypernative monitoring for additional safety.
Initial liquidity seeding will range between $1–3 million.
Expected APY: ~8–12%
Listing Request
We request the listing of the Turtle Avalanche USDC vault on the Silo web application’s main interface, providing users with a secure, transparent, and reliable yield opportunity.
Contact
If you have any questions, please don’t hesitate to reach out in the comments or via DM. We appreciate your time and look forward to supporting the Silo ecosystem.