Siloam
Shared, member-governed funds — on-chain, with no custodian.
Communities know how to steward their own resources better than any outside institution — and do remarkable things when they have the right tools.
The weak point of any shared fund is whoever holds it. Siloam removes the holder. Each pool is its own sovereign contract, spun up through a proxy-clone model, running whatever governance its creator defines — and anyone can read those rules in full before joining.
How it works
- Contribute. Each cycle, members put in at least the minimum. The creator sets both the minimum and the cycle length.
- Claim. Any member can make a claim against the pool.
- Vote. The pool votes on every claim, and it has to clear the approval threshold the creator chose.
Pools begin open or closed. Anyone can join an open pool by contributing the minimum. A closed pool takes a newcomer only after a member nominates them and the pool votes them in — then they join by contributing. When a pool has governors, the governors carry its voting.
Member standing
Standing tracks whether a member is keeping up with the pool's minimum each cycle. It moves automatically as cycles pass and as you contribute.
- Good. You've met the minimum contribution for the current cycle. Full rights: contribute, make claims, and vote.
- Under review. You missed one or more full cycles. The minimums you skipped accrue as a balance you owe the pool. You keep your voting rights and can still contribute — and contributing enough to clear the full balance in one payment returns you to Good. Until then, the balance carries.
- Bad. Your owed balance crossed the pool's grace limit. Your voting power is removed, and you can no longer contribute or vote. If the pool is later cancelled, you can still recover your share through an emergency withdrawal — but while the pool runs, a Bad standing is locked in.
In short: keep up with the minimum and you stay Good; fall behind and you have a grace window (Under review) to catch up; let the unpaid balance pass the grace limit and you fall to Bad.
Pool states
Every pool moves through a defined lifecycle. The starting state is set at creation; later moves happen by member vote.
- Open. Live and accepting members — anyone can join by contributing the minimum, and the pool operates normally (contributions, claims, votes).
- Closed. Live and operating normally, but not openly joinable: a newcomer must be nominated by a member and voted in before they can contribute.
- Cancelled. The pool has been wound down by vote. Normal activity stops, and members recover their remaining share through an emergency withdrawal. This is the one state from which a Bad-standing member can still withdraw.
- Completed. The pool has reached the end of its life — funds disbursed and members withdrawn. A settled, finished pool.
A live pool's state can be changed by member vote (for example, to cancel). The pool's parameters — its token, contribution limits, thresholds, and the rest — are fixed at creation and never change; only the lifecycle state, the governor roster, and yield settings can move. See the docs for the full breakdown.
Before you join
- Network
- Base — more soon
- Token
- There will never be a token published by Siloam
- Fee
- 0.125% in & out
- Operator
- Silver Glen Protocols LLC
Siloam is built by a solo developer, and the contracts are currently unaudited — use it accordingly, and never put in more than you can afford to lose. Questions go to SilverGlenProtocols.CB@proton.me.