Siren SI
1. Summary
- Price
-
$0.05 +1.5%
- Market Cap
- $1.21M (#3431)
- Supply
- 22.45M / 100.00M
- 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 buyer’s side (bToken) gives the holder the right to purchase or sell the underlying asset at the predetermined strike price. The seller’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.
| 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) | $27.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 22.45M |
SI
How does Siren's (SI) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
12.0%
SI
-9.2%
Similar Market Cap
60 Day Return
5.0%
SI
-15.0%
Similar Market Cap
1 Year Return
1.3%
SI
-11.3%
Similar Market Cap
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 113
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.
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 |
No recent news found.
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... |
| @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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