Siren PriceSI
Rank #4762
About Siren (SI)
Contract
0xd23ac27...80b5093de
Explorers
etherscan.io
Website
siren.xyz
Community
SIREN is a distributed protocol for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum.
About SIREN
Options are a financial primitive from which one can build many different more complex financial instruments. At their core, options give a trader the choice to buy or sell an asset at a predetermined price at a known time in the future. This is useful for protecting one's self (also known as hedging) against possible price changes in the asset, as well as speculating on these price changes.
Core Protocol Mechanics
SIREN uses a fully-collateralized approach to writing options that doesn’t require any oracles to function. 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.
With SIREN, both the long and short side of the contract are tokenized. The buyer’s side (bToken) gives the holder the right to purchase or sell the underlying asset at a predetermined strike priceThe seller’s/writer’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) from the contract after expiration.
When a trader buys a put the on-chain token amount is multiplied by the strike. For example, a 1 WBTC $20K PUT will result in 20,000 bTokens. For the same reason, a put is just a reversed-assets call (e.g. a WBTC/USDC put is actually a USDC/WBTC call).
Tokenizing both sides of the contract allows SIREN to create secondary markets for both the long and short exposure. Under such a design in order to become a writer one purchases a wToken from the SirenSwap AMM (see below). A writer can also unwind their short exposure by selling the wToken back to the AMM. This streamlines the write-side mechanics by reducing it to e
Siren (SI) Price Trends
No record
24H High$0.006464
24H Low$0.006183
24H Volume$1.03K
Market Cap
$144.59KAll-Time High(ATH)$4.37
Circulating Supply
22.44M SIAll-Time Low(ATL)$0.005992
Total Supply
100.00M SIMarket Cap/FDV
22.45%Max Supply
100.00M SIFully Diluted Valuation
$644.19KMarket SentimentNeutral
Live Siren (SI) Price Update
Siren price today is $0.006441 with a 24-hour trading volume of $1.03K, and as such Siren has a market cap of $144.59K, giving it a market dominance of 0.000022%. The Siren price moved +1.36% in the last 24 hours.
Time period | Change amount | % Change |
|---|---|---|
| 1H | +$0.00003013 | +0.47% |
| 24H | +$0.00008643 | +1.36% |
| 7D | -$0.001001 | -13.45% |
| 30D | -$0.002094 | -24.54% |
| 1Y | -$0.08871 | -93.23% |
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The Spartan Group
CMS Holdings
Mechanism Capital
RockawayX
Robot Ventures
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Naval Ravikant
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