Allowlist is open for Sirio Finance — the first lending & borrowing protocol built on Hedera
There is no vacation in the crypto world.
Everything is running 24/7, and to spice things up a bit, we are delighted to announce that Allowlist is open for Sirio Finance Pre-Liquidity INO.
Introduction & Project Prospectus
Sirio represents the first non-custodial and permissionless Lending and Borrowing protocol built on Hedera which is leveraging AI to revolutionize DeFi.
Its name comes from Sirius, the closest star to Earth after the sun.
Sirius is always easy to find. It’s the sky’s brightest star, it’s visible from both hemispheres and it is a good representation for Sirio’s goal of becoming a futuristic Platform from another Planet.
One of the Egyptian gods the star was associated with was Osiris, the god of life, death, fertility and rebirth of plant life along the Nile.
As a parallel, Sirio is taking decentralized finance to another level inside Hedera ecosystem and the crypto industry as a whole through its key approaches:
- Artificial Intelligence: using a Neural Network that works in a permissionless and arbitrary manner, as an alternative solution to traditional and centralized approaches like the ones offered by Gauntlet, Sirio proposes a Decentralized and Permissionless AI as a key-feature of its platform, and later as a B2B service available for other DeFi Protocols
- Data-Driven Approach: enhances transparency and integrates with DeFi applications via APIs, supported by strategic partnerships
- Interoperability: with AI Model Running on ICP, Datasets Stored on Filecoin, Model Trained on Octa, Smart Contracts running on Hedera DLT — Sirio aims to be a truly, decentralized Platform that utilizes multiple technologies
These unique features allowed Sirio to establish partnerships with ICP and Filecoin with two goals:
- Increase visibility and attract new users from other ecosystems
- Bridge multi-billion dollars market cap tokens on Hedera and list them on Sirio Market, boosting the TVL to the next level
Project Details
Through its innovative Hashgraph Consensus Algorithm with key features such as Asynchronous Byzantine Fault Tolerance, Gossip about Gossip and Virtual Voting, Hedera facilitates fast consensus, creating a platform that is smooth, scalable and secure. These elements work together to ensure an optimal environment for users to engage in lending or borrowing assets on Sirio.
Sirio Finance provides two main services — lending and borrowing — estimating the risks associated with a given loan before they submit the borrowed transaction.
Users can deposit their assets to earn a competitive APY, making it an attractive option for passive income. Borrowers can leverage their holdings by borrowing assets, supported by a robust and secure architecture that includes an AI model and audits from top-tier firms.
The main features of the platform are the following:
- Lend: users will be able to lend their own funds, while earning based on an interest rate for providing liquidity to the platform (which will depend on the dynamics of supply and demand balance developed by the compound protocol, which the system will rely on for several architectural aspects of the platform)
- Borrow: users will be able to increase their invested capital, go short or long and farm potential upcoming airdrops by collateralizing the assets they own and obtaining a loan
- Analytics: a detailed dashboard, full of analytics related to protocol stability, risks and stats, where the user can check the current working status of Sirio and activity of single users through transparent and relevant on-chain data
- AI-Featured Risk management Solution: Sirio’s work has already on an arbitrary and permissionless AI algorithm that will predict the risk associated to the loans by users one moment before they complete the borrow transaction; if the risk is high, the Model will propose some additional actions for users to decrease the risks of liquidation
You can find more about technical documentation here and an overview of the architecture in the image shared here:
$SIRIO Tokenomics and Token Details
The $SIRIO token is envisioned to be a community-driven token, where more than the 70% of the Token Shares are allocated to the community and to its engagement and growth over time.
Here’s an overview of the token key-points and its economy:
Token Supply:
- Max Supply: 10,000,000 $SIRIO
- Pre-Mint Supply: 5,000,000 $SIRIO
- Token Launch Price: $0.125
- Market Cap: $625,000
- Fully Diluted Value (FDV): $1,250,000
Allocation Phases:
- Pre-Mint:
> Purpose: Immediate allocation to users, marketing, development, and liquidity pools, with gradual release to avoid excessive volatility
> Details:
— Liquidity Pools: 10% (500,000 $SIRIO)
— Marketing & Development: 17% (850,000 $SIRIO)
— Early Investors: 23% (1,150,000 $SIRIO) with special NFTs for a 20% discount
— Community INO: 45% (2,250,000 $SIRIO) with PFP NFTs and associated benefits
— Airdrop: 5% (250,000 $SIRIO), proportional to users’ protocol activity
- Full-Mint:
> Purpose: Gradual release over six years, reaching the maximum supply and incentivizing users through staking, liquidity, and rewards
> Details:
— Staking Rewards: 25% (2,500,000 $SIRIO) to reward and empower users
— Liquidity & APR Boosters: 15% (1,500,000 $SIRIO) for liquidity contributors
— Reserves: 10% (1,000,000 $SIRIO) for growth, promotions, and security enhancements, to be released from Q1 2025 over two years
— Economic Model & Utility:
> The tokenomics and utility are designed to steadily increase $SIRIO’s value, supported by multiple income sources and strategic allocation to incentivize participation and enhance long-term sustainability
Here’s a brief view of the User Journey:
Fundraising Strategy
The first launch round of Sirio will be the Pre-Liquidity INO, taking place on September 10th, 2024 on HeadStarter dApp.
There will be 100 Sirio NFTs from the Nebula Genesis collection and each NFT can be bought for $1,000. Maximum number of NFTs per participant will be 5, so final number of participants will be minimum 20 and maximum 100.
Each NFT will be burnable for 10,000 $SIRIO Tokens, but its utility has much more value if kept as an NFT:
- Guaranteed spot for upcoming Public INO
- Boost in governance voting power
- Future utilities in the Sirio ecosystem
Tokens are distributed according to the following steps:
- 30% Released at the TGE
- The remaining 70% will be gradually released over the next 180 days.
Event Specifications
Round 1: Private Round
- Mint Allocation: Qualifying participants can mint up to 5 NFTs
- Mint Restriction: Only qualified Allowlisted participants
- Mint Duration: 24 hours
- Start time: September 10th, 2024, 14:00 GMT
Round 2: Public Round
- Mint Restrictions: 1 per wallet
- Mint Duration: 24 hours
- Start time: September 11th, 2024, 14:00 GMT
Allowlist Registration for Sirio Finance
Allowlist participants: HeadStarter Guaranteed holders:
HeadStarter Unique NFT holders:
- HeadStarter Exclusive Coin — 0.0.1041134–9 Circulating
- HeadStarter Legacy OG card — 0.0.1066450–17 circulating
HeadStarter HST token holders:
- HeadStarter Tier 3 $HST holders (1M+ $HST)
- Accounts with > 50 tickets (Ex.: Tier 2 * Gold Coin * Select OG)
Allowlist campaign winners:
Allowlist campaign Lucky draw winners & HST holders will share the available allowlist spots in the following ratios:
- 80% of Wallets Holding 200k+ HST (Multiplied by HeadStarter NFT holdings)
- 20% Wallets Holding 5k+ HST (Multiplied by HeadStarter NFT holdings)
Communication Channels and Resources
You can follow Sirio finance on the official website, on X and you can check its official documentation here.
If you want to know more about how to participate in HeadStarter’s IDOs and INOs, you can check this complete guide.
Don’t miss out on our latest updates. Visit our website and join our growing community and ecosystem on our official channels:
