Siren SI Price

What is Siren (SI)?

Siren, a decentralized options trading protocol, is revolutionizing the way traders engage with the cryptocurrency market. Operating on the Ethereum blockchain, Siren offers a robust platform for trading fully collateralized options contracts on various ERC-20 tokens. The protocol emphasizes user autonomy by enabling traders to maintain custody of their assets while participating in options trading on multiple currencies, including ETH, MATIC, Sushi, and Uni.

The core of Siren's functionality lies in its innovative use of a MarketsRegistry contract, which facilitates the creation and coordination of individual market contracts. This allows anyone to interact with these contracts in a permissionless manner, ensuring a high level of transparency and security. The protocol’s fully collateralized approach eliminates the need for oracles, enhancing its reliability and simplifying its operation. Currently, Siren is developing a new version of the protocol, slated for a testnet launch in Q2 2023, which promises to further enhance the trading experience for its users.

What is unique about Siren (SI)?

Siren SI stands out as a decentralized protocol on Ethereum for trading fully collateralized options contracts, ensuring user custody and security without the need for oracles.

Who are the founders of Siren (SI)?

Siren founders are remaining anonymous.

Who are the backers/investors of Siren (SI)?

Siren has garnered support from The Spartan Group, 1kx, CMS Holdings, Mechanism Capital and others.

Where can I buy Siren (SI)?

You can buy Siren (SI) on Uniswap V2 (Ethereum), Sushiswap cryptocurrency exchanges.