Welcome to Irion Pay

What is Irion Pay?

Irion Pay is a decentralized "Buy Now, Pay Later" (BNPL) protocol built on the Algorand blockchain. We bridge the gap between DeFi liquidity and real-world commerce by providing a seamless, credit-serviced checkout experience.

At its core, Irion is a yield-backed credit framework. Liquidity providers supply stablecoins (USDC) to earn yield, while shoppers utilize that liquidity to purchase goods from merchants, repaying their loans over time with dynamic interest rates based on their on-chain credit scores.

The Core Pillars of Irion

1. Dynamic Credit Scoring - Our CreditScore contract tracks user behavior on-chain to determine credit eligibility and limits without traditional KYC.
2. Liquidity Provision - The LendingPool allows users to provide USDC liquidity, receiving Irion LP tokens in return and earning competitive APR.
3. Merchant Settlement - Through MerchantEscrow, sellers receive guaranteed payment instantly upon a successful Irion checkout, while the protocol manages the shopper's debt.
4. Yield-Powered Ecosystem - The interest paid by borrowers and the utilization of the pool create a sustainable yield environment for all participants.

The Irion Architecture

Irion is designed as a modular monorepo, consisting of audited smart contracts, a core user dashboard, and dedicated merchant/shopper applications.

1. Smart Contracts (AVM)

Built using Python/PuyaTS, our contracts leverage Algorand's high performance and low fees to provide instant settlement.

• CreditScore: The brain of the system, managing borrower reputations.
• LendingPool: The heart of the system, managing liquidity and LP rewards.
• BNPLCredit: The engine of the system, handling loan lifecycle and repayments.

2. User & Merchant Interface

• Irion Core: The central hub for users to manage their credit lines, view debt, and perform repayments.
• Shopping App: A demonstration of how Irion integrates into e-commerce checkouts.
• Merchant App: Tools for businesses to track sales and settlement status.

Why Algorand?

Irion leverages Algorand's Finality in Seconds and Atomic Transfers to ensure that checkouts are as fast as traditional credit cards but with the transparency and security of blockchain.

Getting Started

• For Shoppers: Learn how to use your credit line in the Shopping Guide.
• For Merchants: Integrate Irion into your storefront using our Integration Guide.
• For Lenders: Provide liquidity to the Lending Pool.

Explore the sidebar to dive deep into the technical specifications of the Irion protocol.