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Sirio Finance Launches an AI-Driven Lending & Borrowing Protocol on the Hedera Network

Twitter icon  •  Published 2 सप्ताह पहले on December 9, 2024  •  Hassan Maishera

HBAR Foundation, the development team behind the Hedera blockchain, announced in a blog post on Monday that Sirio Finance, the lending and borrowing protocol, will launch on the Hedera network in early 2025.

Sirio Finance Launches an AI-Driven Lending & Borrowing Protocol on the Hedera Network

HBAR Foundation, the development team behind the Hedera blockchain, announced in a blog post on Monday that Sirio Finance, the lending and borrowing protocol, will launch on the Hedera network in early 2025.

Sirio Finance is a Lending & Borrowing Protocol that combines a robust risk framework with an ML model (a branch of AI) built on the Hedera Consensus Service (HCS) to help reduce the risk of liquidation events. The model is permissionless and aims to make Sirio’s risk parameters more user-friendly by leveraging the model's activity to enhance user awareness of liquidation risks.

Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.28216 at press time, down 14% over the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.