πŸ‘‹What is

Welcome to Sirio Protocol, the first lending & borrowing platform on Hedera developed by the Astrid Network team. Sirio was created with the aim of contributing to the growth of the Hedera DeFi ecosystem, and ensuring the best user experience for all users thanks to the unmatched features of the chain and an advanced experience using AI. Indeed, Sirio is the first protocol with a Machine Learning algorithm that allows calculating and predicting the liquidation risk associated with a loan, considering dozens of variables. The initial markets available on Sirio are as follows:

  • HBAR

  • USDC

  • HBARX

  • HST

  • SAUCE

Sirio's intent is to emerge as a protocol different from the existing ones. Our data-driven approach and our engagement policies make it a protocol based on the following key concepts

  1. Safeness: We aim to ensure user security in two ways: by providing a secure protocol architecture for user funds and minimizing the risk of liquidation. The first is achieved by utilizing a well-known architecture inspired by Compound, followed by improvements and a Smart Contract audit. The second is accomplished by implementing AI features to decrease liquidations risks.

  2. Engagement: We strive to continuously improve platform engagement by providing an unparalleled UX and embracing new technologies such as Machine Learning and AI. Additionally, by promoting AMA (Ask Me Anything) sessions, building governance mechanisms, and continuously interacting with the community, we can ensure the achievement of our goal.

  3. Data-Driven: The team's deep knowledge in Data Scince will allow a full Data-Driven approach, ensuring users a more transparent platform through an Analytics Dashboard and a safer market through the implementation on an arbitrary and permissionless algorithm that will allow users to minimize liquidations risks events.

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