SIREN Markets

Basics

• Based in:
• Started in / Announced on: 10-2020
• Mainnet release:
• From their Twitter (5-4-2021):

"A distributed protocol for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum."

Technology

• Whitepaper can be found here.
• Code can be viewed here.

Implementations

• Built on: Ethereum

Scaling

• From their Twitter (2-4-2021):

"Siren is proudly announcing through the conch the rollout of our own Layer 2 scaling solution: "Sebastian". Using zk "benthic" rollups allows for no withdrawal wait time, automatic bridging, and privacy-preserving transactions."

Roadmap

• Can be found [Insert link here].
• From their blog (2-3-2021):

"The product roadmap for SIREN in 2021 includes expanding into options for cryptocurrency assets not currently supported by other platforms, such as SUSHI, UNI, and YFI; natively allowing for creation of multi-options spreads, cash settlement rather than physical settlement, and more."

Audits

• Bug bounty program can be found [insert here].

Usage

• From their blog (2-3-2021):

"SIREN Markets is currently in beta with over $14MM of Total Value Locked in its liquidity pools and supports options for wBTC and SUSHI. SIREN expects to launch its mainnet the week of March 1, 2021"

Team, Funding, Partnerships, etc.

Team

• Full team can be found here (15-3-2021). Anonymous.

Funding

• From their blog (2-3-2021):

"SIREN Markets has raised $4MM to bring sophisticated, fully-composable cryptocurrency options trading to Decentralized Finance. The financing was co-led by 1kx and Spartan Group. Additional participation came from from CMS Holdings, Blockfolio Founder Edward Moncada, Naval Ravikant, Robert Leshner and Tarun Chitra’s Robot Ventures, Mechanism Capital, Rockaway Blockchain Fund, WikiHow Founder Jack Herrick, Santiago R Santos from ParaFi Capital, and more. SIREN previously raised $1.2MM in December 2020 from Spartan Group, CMS Holdings, QCP, Robot Ventures, Mechanism Capital, Edward Moncada, Dialectic, and more."

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