Sirio represents the first lending protocol built on Hedera. It is designed to ensure an unparalleled user experience by leveraging Hedera’s speed and scalability. Additionally, it incorporates a machine learning algorithm as a mechanism to decrease liquidation events.
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The Hedera blockchain offers a seamless and secure experience, due to its innovative Hashgraph Consensus Algorithm. This system employs a method that significantly boosts transaction efficiency and security. Key features such as Asynchronous Byzantine Fault Tolerance, Gossip about Gossip, and Virtual Voting facilitate rapid consensus, creating a platform that is fast, scalable, and secure. These elements work together to ensure an optimal environment for users to engage in lending or borrowing assets on Sirio.
The Sirio team has worked on developing a permissionless and arbitrary Machine Learning algorithm. We have gathered data on millions of loans and considered over 20 features related to market conditions, liquidity, volatility, and much more, training the model with any crucial condition. Its output is the probability that a given loan will be liquidated, warning the user and making them aware of the risk associated with their loan before it is made.
Sirio is set to launch in 2024. Upon its debut, you will instantly have the ability to lend and borrow your favorite tokens on the Hedera chain. Additionally, the platform offers the capability to track comprehensive market data as well as detailed information on individual user loans. This feature enhances your experience on the platform by providing greater transparency and a more informed user interface.
In the third/fourth quarter of 2024, we will release the first version of our Machine Learning model for Risk Management. This version, trained with one-time data, will be available for USDC token loans using USDC, WBTC, and WETH as collateral. The model's output will be a warning about the probability of a user's liquidation, allowing them to make an informed, arbitrary, and permissionless decision to reduce the amount of borrowed tokens.
In the third/fourth quarter of 2024, we plan to release the platform's Native Token along with a Governance system. The token will offer numerous benefits on the platform, such as improved interest rates for both borrowers and suppliers. Additionally, it will represent voting power in the governance mechanism, which will involve all users in the future development of the platform.
In the first quarter of 2025, an updated version of our Machine Learning Model, enhanced with more features and greater performance, will be released. This version will include pipelines, enabling it to autonomously extract, process, and train with data from the protocol. Moreover, the model will be available for all tokens on the platform, whether used for loans or as collateral. Additionally, an optimization algorithm will be introduced to suggest the optimal amount of tokens to borrow in relation to the associated risk.
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