Question 1

What is MySilo?

Accepted Answer

MySilo is a vault-backed platform that helps NFT projects create a reward layer around their collection. Each collection can have its own vault model, activation rules, NFT status, reward history, manual claim process and collection updates in one place.

MySilo is not free money. The value comes from the collection's agreed vault model, funding structure and reward process. MySilo helps make that structure clearer, trackable and easier for holders to understand.

Question 2

Who is MySilo for?

Accepted Answer

MySilo is built for NFT projects, holders and communities that want more than a mint-and-wait model.

For projects, MySilo helps create and manage a vault-backed reward structure, explain the fund model, publish updates and give holders clearer visibility.

For holders, MySilo gives one place to review NFT status, activation rules, reward history, claim access and collection-specific information.

For communities, MySilo creates a clearer source of truth around the collection's vault model and reward activity.

Question 3

Is MySilo a marketplace?

Accepted Answer

No. MySilo is not a marketplace for buying or selling NFTs. MySilo is focused on vault models, activation, reward history, manual claims, NFT status and collection updates.

Question 4

Is MySilo a launchpad?

Accepted Answer

No. MySilo is not a generic NFT launchpad. New collections may use MySilo as part of their vault-backed model, but MySilo's focus is vault structure, holder visibility, reward tracking and reporting.

Question 5

What does “Where Every Position Evolves” mean?

Accepted Answer

It means an NFT position should not be static forever. Through MySilo, an NFT can have clearer status, history, activation rules, claim access and future collection-specific paths depending on the model used by that collection.

Question 6

What can holders see on MySilo?

Accepted Answer

Holders can see collection information such as vault model, activation rules, NFT status, reward history, claim access and important updates from connected collections.

Question 7

What is NFT activation?

Accepted Answer

Activation links an eligible NFT to a collection's vault-backed layer. Once activated, the NFT can be tracked under that collection's rules, reward history and future claim process.

Question 8

Does activation follow the wallet or the NFT?

Accepted Answer

Activation follows the NFT, not just the wallet. If an activated NFT is transferred, the activation status is designed to move with the NFT so the next holder can see the linked status.

Question 9

Do holders receive automatic airdrops?

Accepted Answer

MySilo is designed around manual claiming. When rewards are available, eligible holders return to MySilo to review and claim. This avoids relying only on surprise airdrops.

Question 10

How do claims work?

Accepted Answer

When rewards are available, eligible holders can review claim information through MySilo and claim manually. Claim rules, timing and eligibility depend on the collection-specific model.

Question 11

Does every collection use activation?

Accepted Answer

Not necessarily. Activation depends on the collection's model. Some collections may use activation to connect existing NFTs to a vault-backed layer. Others may have a different structure.

Question 12

Does every collection use the same activation fee?

Accepted Answer

No. MySilo does not use one fixed activation fee for every collection. Each collection can have its own activation cost, fund split, vault model and rules.

Question 13

Where can holders see the activation rules?

Accepted Answer

Before holders activate, the collection page should show the activation cost, fund split, vault model, collection rules and any important risk notes.

Question 14

Can activation guarantee future rewards?

Accepted Answer

No. Activation does not guarantee future rewards. Rewards are variable and depend on the collection's rules, vault model, market conditions and reward process.

Question 15

What is a vault model?

Accepted Answer

A vault model explains how a collection's vault-backed structure works. It can include how funds enter the Collection Vault, how rewards may be handled, what can be compounded, what may support project treasury, and what rules holders need to understand.

Question 16

Where do activation funds go?

Accepted Answer

Each collection has its own vault model. Before holders activate, the collection page should show the activation cost, fund split, Collection Vault allocation, project treasury allocation and MySilo allocation where applicable.

Question 17

Does every collection use the same fund split?

Accepted Answer

No. Existing collections may use a vault-first model where activation funds go fully to the Collection Vault. New collections may use a different split between the Collection Vault, project treasury and MySilo where applicable. The model must be shown clearly before holders take action.

Question 18

Does MySilo take a fee?

Accepted Answer

MySilo may receive fees or an allocation depending on the collection's agreed model. Any MySilo allocation should be shown clearly before holders pay or activate.

Question 19

Are vault funds mixed between collections?

Accepted Answer

No. MySilo is designed around separate collection vaults. Vault funds, reward history, fees, compounding and distribution records should be tracked by collection, not mixed into one shared pool.

Question 20

Who decides the vault model?

Accepted Answer

The vault model is agreed between MySilo and the project before activation opens. The final model should be shown clearly on the collection page so holders can review it before taking action.

Question 21

Can a vault model change later?

Accepted Answer

Material changes should not happen silently. If a collection's vault model, fund split, reward process or claim rules change, the update should be clearly communicated and shown on the collection page before it affects holders.

Question 22

Does MySilo create free rewards?

Accepted Answer

No. MySilo does not create free money or guaranteed rewards.

Rewards depend on each collection's vault model, funding structure, market conditions and reward process. MySilo helps projects create the structure, show the rules, track reward history and give holders a clearer way to understand what is happening.

Question 23

Are rewards guaranteed?

Accepted Answer

No. Rewards are variable and not guaranteed. Vault performance, market conditions, collection rules, reward timing and claim availability can change.

Question 24

When do rewards start?

Accepted Answer

Reward timing depends on the collection's vault model and rules. Each collection should explain when rewards may begin, who is eligible and how claims work.

Question 25

What is reward history?

Accepted Answer

Reward history shows previous reward cycles, claim information and distribution records for a collection. It helps holders understand what happened in the past instead of relying only on old announcements.

Question 26

What does compounding mean?

Accepted Answer

Compounding means a portion of generated value may be added back to the vault instead of being fully distributed. This depends on the collection's vault model and should be shown clearly.

Question 27

Why does MySilo use manual claims?

Accepted Answer

Manual claims let holders choose when to claim and review the reward information before taking action. This makes the process clearer than relying only on automatic or surprise distributions.

Question 28

Can existing NFT collections join MySilo?

Accepted Answer

Yes. Existing collections can use MySilo to add a vault-backed reward layer to NFTs already held by their community. The collection's activation cost, fund split and vault model must be shown clearly before holders activate.

Question 29

Can new NFT collections use MySilo?

Accepted Answer

Yes. New collections can build their vault model from day one, including how funds may support the Collection Vault, project treasury and MySilo where applicable.

Question 30

What does a project get from MySilo?

Accepted Answer

A project starts with a dedicated collection page, vault model display, activation model display, NFT status tracking, reward history, manual claim interface, collection updates area and clearer holder visibility.

MySilo is also being built to grow beyond the first version. More project tools, reporting features, holder visibility tools and ecosystem features can be added over time around the same vault-backed collection layer.

Question 31

Does MySilo replace a project's community channels?

Accepted Answer

No. MySilo complements a project's existing community channels.

Projects can still use X, Discord and other platforms for conversation, community building and announcements. MySilo gives them a structured place to publish the important information holders may need to revisit: vault model, activation rules, reward reports, claim updates and collection notices.

Question 32

Can project owners update their collection information?

Accepted Answer

Yes. Project owners will be able to publish important collection updates through MySilo, including reward reports, activation notices, vault model updates and project news.

The goal is to give projects a cleaner way to keep holders informed without important information being lost across scattered announcements.

Question 33

What is the News Hub?

Accepted Answer

News Hub is MySilo's update and reporting layer. It gives MySilo and connected collections one clear place to publish reward reports, activation notices, vault model updates and project news.

Question 34

Why does News Hub matter?

Accepted Answer

Community updates move fast. News Hub makes important collection information easier for holders to find, follow and revisit.

Question 35

What kind of updates will appear in News Hub?

Accepted Answer

News Hub can include MySilo updates, reward reports, activation notices, collection updates, educational posts and future ecosystem notes.

Question 36

How can holders trust the vault model?

Accepted Answer

You should not have to trust only our word. MySilo's trust model is based on visibility, separation, clear reporting and collection-specific rules. Holders should be able to review where funds go, how rewards are tracked, what is distributed, what is compounded and what fees are taken.

Question 37

What happens as vaults grow larger?

Accepted Answer

Trust starts with visibility, and protection increases as vault value grows. As vaults become larger, stronger controls such as multisig wallets, independent signers, withdrawal limits, timelocks, audits and public fund movement policies can be added before risk becomes too large.

Question 38

Does MySilo control every collection's project treasury?

Accepted Answer

No. MySilo's role depends on the collection's agreed model. A collection's vault model should explain the Collection Vault allocation, project treasury allocation and MySilo allocation where applicable.

Question 39

What should holders check before activating?

Accepted Answer

Holders should review the collection page, activation cost, fund split, vault model, reward rules, claim process and risk notes before activating or making decisions around any NFT.

Question 40

What is the most important risk to understand?

Accepted Answer

Rewards are variable and not guaranteed. Activation does not guarantee future rewards. Each collection has its own rules, vault model and activation structure.

Frequently Asked Questions

Browse questions by category

Key Risk Reminder

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Frequently Asked Questions

Browse questions by category

GeneralWhat is MySilo?

GeneralWho is MySilo for?

GeneralIs MySilo a marketplace?

GeneralIs MySilo a launchpad?

GeneralWhat does “Where Every Position Evolves” mean?

For HoldersWhat can holders see on MySilo?

For HoldersWhat is NFT activation?

For HoldersDoes activation follow the wallet or the NFT?

For HoldersDo holders receive automatic airdrops?

For HoldersHow do claims work?

ActivationDoes every collection use activation?

ActivationDoes every collection use the same activation fee?

ActivationWhere can holders see the activation rules?

ActivationCan activation guarantee future rewards?

Vaults & FundsWhat is a vault model?

Vaults & FundsWhere do activation funds go?

Vaults & FundsDoes every collection use the same fund split?

Vaults & FundsDoes MySilo take a fee?

Vaults & FundsAre vault funds mixed between collections?

Vaults & FundsWho decides the vault model?

Vaults & FundsCan a vault model change later?

Rewards & ClaimsDoes MySilo create free rewards?

Rewards & ClaimsAre rewards guaranteed?

Rewards & ClaimsWhen do rewards start?

Rewards & ClaimsWhat is reward history?

Rewards & ClaimsWhat does compounding mean?

Rewards & ClaimsWhy does MySilo use manual claims?

For ProjectsCan existing NFT collections join MySilo?

For ProjectsCan new NFT collections use MySilo?

For ProjectsWhat does a project get from MySilo?

For ProjectsDoes MySilo replace a project's community channels?

For ProjectsCan project owners update their collection information?

News HubWhat is the News Hub?

News HubWhy does News Hub matter?

News HubWhat kind of updates will appear in News Hub?

Risk & TrustHow can holders trust the vault model?

Risk & TrustWhat happens as vaults grow larger?

Risk & TrustDoes MySilo control every collection's project treasury?

Risk & TrustWhat should holders check before activating?

Risk & TrustWhat is the most important risk to understand?

Key Risk Reminder

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