Silo Finance has launched its services on the Optimism network, streaming 100,000 OP tokens over the next 60 days as part of Phase 1 of their roll-out. Users can deposit into various silos to earn and leverage rewards. Contango has already integrated with Silo Finance, and their markets are incentivized with OP tokens. Beefy Finance will autocompound the rewards, offering different annual percentage rates (APRs) for various tokens, including 30% for USDC, 25% for VELO, and 20% for WETH. Additionally, Silo Finance has introduced the first VELO lending market on Optimism, allowing users to lend, borrow, or collateralize VELO against ETH and USDC, with 13,650 OP rewards available over the next 60 days. The platform also offers capital efficiency and risk isolation for wstETH holders, with 46,800 OP rewards over 60 days. A yield arbitrage strategy offers 35% APR on VELO with no locks needed.