SiO2 Finance is now officially live on Astar Network.
The launch will ensure the support of Ethereum virtual machine (EVM) and web 3 assembly (WASM) on Astar. Additionally, it supports other virtual machines and is focused on community growth and development. The other cool features SiO2 finance will be bringing to the Astar network will include:
-Lending/ borrowing; this feature allows users to use multiple number of assets as collateral to borrow other assets without selling of their collateral.
-Depositing; this feature allows users to deposit a good number of assets and earn passive income from accumulation of interest.
-VE Staking; this is an incentivized form of long-term staking over short-term staking of $SiO2,where they earn more depending on the duration of the lock up period.
-The one-click short position which also allows users to short assets with the simple click of a button.
– Click flash loan feature: This will allow users to engage in position migration and enables arbitrages without having to code .
About SiO2 finance
SiO2 Finance is a borrowing and lending platform, that is designed to offer service to the Polkadot and Astar ecosystem with a set of easy-to-use single-click features, it has transparent governance, and also one of the best user experiences.
It is a multi-VM lending platform that supports both Web assembly and EVM.SiO2 has developed notable features that include a one-click flash loan and a short position that provides the best experience to its users.
About Astar network
Astar network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross consensus message (XCM). Astar network serves as a connection of the Polkadot ecosystem to Ethereum, cosmos, and all major layer 1 blockchains.