SiO2 Finance - SpaceLabs Intro & Application

Dear Astar Community,

This is the SiO2 Finance team. We are building a multi-VM lending hub on Astar for Polkadot. We would love to share more about our progress and introduce SiO2 to the community.

:gem: Project Overview :gem:

SiO2 Finance is the multi-VM lending hub on Astar for Polkadot. Silicon dioxide (SiO2) is an oxide of Silicon and the major component of crystal :crystal_ball:, the purest gem in the natural world.

SiO2 Finance is designed to serve the Astar/Polkadot community with the best user experience, easy-to-use one-click features, and transparent governance.

:gear: SiO2 Features :gear:

  • Lending/borrowing :moneybag:: allow users to use multiple assets as collateral and borrow other assets
  • Depositing :bank:: allow users to deposit multiple assets and earn passive income from interests
  • veStaking :gift:: incentivize long-term token holders over short-term holders with $SIO2
  • One-click flashloan :zap:: allow users to use flashloan for position migration (e.g. move position from one protocol to another in seconds), arbitrages without having to code
  • One-click short position :balance_scale:: allow users to short an asset with only one click
  • Multi-VM support :computer:: both EVM and WASM will be supported in one frontend

We aim to build multiple one-click solutions and become the most user-friendly lending product on Astar for Polkadot.

We welcome the community for any feedback and improvement proposals. SiO2 Finance will be of the community, by the community and for the community. LFG!!!

:family_man_woman_girl_boy: Core Team :family_man_woman_girl_boy:

SiO2 Finance will be developed by some passionate developers and who have contributed to AstridDAO, the multi-collateral stablecoin on Astar for Polkadot, as well as a group of passionate members from the Astar community.

The team has rich experience in smart contract development, growth and community promotion.

:trophy: Roadmap :trophy:

June 2022

Protocol Development

Marketing Pre-warm

Third-party Security Audit

Testnet Launch on Shibuya

Q3 2022

Public Sale and Token Launch

Mainnet Launch with veStaking

One-click Short Position Launch

Q4 2022

Add more one-click flashloan support for arbitrages and position migrations

Multi-VM Launch

Automated SIO2 Buyback

And more to come!!!

:moneybag: Tokenomics :moneybag:

100% of the protocol revenue of SiO2 Finance in the treasury will be used to buy back SiO2 token in the open market. The buyback will be operated with a multi-sig account in a transparent way for the first few months. In the long term, the buyback will be automated using smart contracts.

Total Supply: 100,000,000

:family: Why are we building SiO2 Finance? :family:

Since Astar is the multi-VM smart contract hub on Polkadot, to realize a more interoperable future, we believe a multi-VM lending protocol is needed to continue the momentum of the Astar ecosystem. Thus, several passionate community members and contributors to AstridDAO came up with the idea of building a more transparent, user-friendly lending protocol to better serve the Astar/Polkadot community and provide more utilities to $BAI.

Please feel free to share your comments and questions under the thread!!! And we welcome active community members to join our team and SiO2 council :rocket::rocket::rocket:

Join us :point_down:
Twitter: https://twitter.com/SiO2_Finance
Discord: SiO2 Finance
Telegram: SiO2 Finance

40 Likes

a project that has a lot of potential in the future that will become big in the Astar network and Polkadot continue to support this project🔥

1 Like

Amazing product on Astar Network, i would love to use one click features. I’m so glad to be so early in this community.

1 Like

Nice project !! Lets gooo Sio2 !!!

1 Like

Good luck the team. I support.

1 Like

Amazing project. I am happy to be a part of this project.

2 Likes

good luck amazing project

1 Like

I like this project,details and roadmap are very successful

2 Likes

Happy To Be The Part Of Project In Early , Good Luck

1 Like

Glad to be the part of this, looks very promising project

1 Like

İt is wonderful project lets see it

1 Like

What a Project !!! Lots of features and Amazing Roadmap.

1 Like

big potencial !!! ıt s honor for being part of this project

1 Like

Multi-VM support and one-click short position… That’s what I’m talkin’ about. Wanna taste this new bad boy on Astar Network :slight_smile:

1 Like

Nice. Big potencial. It is honor for being part of this project

1 Like

Glad to be part of SiO2 as an early member of the community. Great Product on Astar Network. Lets go SiO2!!!

1 Like

Great to be so early in this project. Roadmap seems amazing. All the best to the team.

1 Like

Great to have this new Lending protocol project in Astar Network which has multi-VM support in their road map and aiming to provide more utilities to $BAI, the stable coin. Hoping to see good trajectory and promotion of sound competition in lending domain.

1 Like

That’s an amazing project.
I’m an astridian already, from now, I will be also a SiO2 supporter!!

1 Like

Big project LGF!!!
Waiting for testnet

1 Like