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SiO2 Finance

Last updated: Jul 05, 2023

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, the purest gem in the natural world.

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Overview

Project industry	Crowdfunding & Lending
Product type	Platform
Whitepaper	Open

What is SiO2 Finance

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

SiO2 Features:

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

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

Details

Token supply: 1,000,000,000 SIO2

Legal

Blockchain Platform: Astar
Registration year: 2022

Token info

Ticker: SIO2
Type: Utility-token
Token distribution:
Private Sale - 15%
Team - 15%
Marketing - 2.5%
$SIO2 Liquidity Provider - 2.5%
On-chain Treasury - 10%
Public Offering - 5%
Liquidity Farming - 40%
$SIO2 Staking Incentives - 10%