SIREN Markets

From CryptoWiki

Basics

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

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

Implementations

How it works

Mining

Staking

Liquidity Mining

Scaling

"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."

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

DAO

Treasury

Upgrades

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

Bugs/Hacks

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"

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

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."

Partners

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