Siren Logo

Siren SI

Siren header image

1. Summary

Ranks

Liquidity
49
Developer
-
Social
58
Momentum (beta)
62
Stack Rankā„¢
-
Price
$0.05 -13.6%
Market Cap
$1.03M (#3790)
Supply
22.45M / 100.00M
Price
52W High price $0.09
52W High date 15th Mar 2024 (8 months ago)
All Time High (ATH) Date 6th Mar 2021 (3 years ago)
ATH Price $4.37
% From ATH -99.02%
All Time Low (ATL) Date 30th Jun 2022 (2 years ago)
ATL Price $0.03
% From ATL 42.12%
Supply & Trading Volume
Trading Volume (24h) $32,764.00
Total Supply 100.00M
Max Supply 100.00M
Circulating Supply 22.45M
Description

SIREN is a distributed protocol designed to create, trade, and redeem fully-collateralized options contracts for any ERC-20 token on Ethereum. Options contracts give traders the choice to buy or sell an asset at a predetermined price at a specified time in the future, allowing them to hedge against price changes or speculate on these changes.

SIREN is a distributed protocol designed to create, trade, and redeem fully-collateralized options contracts for any ERC-20 token on Ethereum. Options contracts give traders the choice to buy or sell an asset at a predetermined price at a specified time in the future, allowing them to hedge against price changes or speculate on these changes.

Core Protocol Mechanics

The SIREN protocol uses a fully-collateralized approach without the need for oracles. A single MarketsRegistry contract creates and coordinates individual markets. Once a Market contract is created, anyone can interact with it in a permissionless manner. The solvency of a position is ensured at all times by the collateral locked in the smart contract.

Both the long and short sides of the contract are tokenized. The buyerā€™s side (bToken) gives the holder the right to purchase or sell the underlying asset at the predetermined strike price. The sellerā€™s side (wToken) allows the holder to withdraw the collateral if the option was not exercised or withdraw the exercise payment if the option was exercised after expiration.

SirenSwap AMM

To ensure liquidity, SIREN employs a custom SirenSwap AMM (Automated Market Maker) that utilizes a constant-product bonding curve and options minting to trade both bTokens and wTokens. This AMM does not require any asset in the pool other than bTokens/wTokens to trade them against the collateral asset, increasing LP capital efficiency. The model-less market maker design simplifies the write-side mechanics, reducing it to purchasing the underlying collateral at a discount.

2. Price

SI

2.1. Market Performance

How does Siren's (SI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

12.0%

SI

6.7%

Similar Market Cap

60 Day Return

5.0%

SI

-15.8%

Similar Market Cap

1 Year Return

1.3%

SI

20.1%

Similar Market Cap

3. Developer Activity

We're monitoring 8 Siren GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Siren Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 108

Most Active Repos

Past week 94
Past 12 weeks 138
Past year 456
Past week 11
Past 12 weeks 15
Past year 87
Past week 2
Past 12 weeks 9
Past year 13
Past week 0
Past 12 weeks 3
Past year 4
Past week 0
Past 12 weeks 0
Past year 1
Past week 0
Past 12 weeks 0
Past year 1

Top Developers 2024

In total, 58 developers have contributed to Siren over the past year. Who are the most active Siren developers, by commits, over the past year?

Related Projects

Developers working on Siren also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users 703
Twitter followers 11,263
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://sirenmarkets.com/
Explorer https://etherscan.io/token/0xD23Ac27148aF6A2f339BD...
Twitter @sirenprotocol
Forum https://discord.gg/sirenxyz

What is the correct contract address for Siren?

Ethereum 0xd23ac27148af6a2f339bd82d0e3cff380b5093de

Has Siren been audited for security?

No security audits found for this project.

Are you the owner of Siren? Edit it here

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