Important: As we currently are at our Beta Stages, Docs are still a work in progress and not final. Thus any statement may be subject to change according to the DAO consensus.
HbarSuite is a suite of DeFi services built on top of the Hedera Network.
The team has developed a technology that could potentially replace smart-contracts in the near future: the Smart-Nodes.
In a few words, Smart-Nodes are highly customizable programs, deployed inside virtual images which can be hosted and decentralized through cloud computing environments (ex. Google cloud, Amazon Web Services).
Their purpose is to create a decentralized network of services that could leverage the Hedera Layer-1 functionalities, which are much more efficient and cost-effective compared to Ethereum-based environments.