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Sirius

Sirius ($SIRS) is a liquidity pair-based token on the Tezos blockchain that allows users to automatically participate in Liquidity Baking, a decentralized liquidity pool between tez and tzBTC. It simplifies the process of earning liquidity baking rewards, which otherwise required a multi-step transaction to deposit tez and tzBTC into the pool. Its primary users are Tezos holders and DeFi participants seeking a simple way to earn tez rewards through liquidity provision.
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Description

Sirius ($SIRS) is a token built on the Tezos blockchain that provides an easy way to participate in Liquidity Baking, a decentralized automated market making (AMM) solution incentivized at the protocol level. Rather than requiring users to manually deposit both tez and tzBTC into the liquidity baking pool, purchasing Sirius automatically grants a proportional stake in the pool. Holders earn rewards in tez, the native token of Tezos, a Proof of Stake blockchain known for energy efficiency and on-chain governance. Users can participate either by directly buying $SIRS or by acquiring an equal value of tez and tzBTC to add to the pool, though this carries a risk of impermanent loss on the tzBTC/tez pair. The product primarily serves Tezos ecosystem participants and DeFi users interested in passive liquidity provision rewards.