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Siren
$0.006303
5.13%
Siren Price Converter
Siren Information
Siren Supported Platforms
| SI | ERC20 | ETH | 0xD23Ac27148aF6A2f339BD82D0e3CFF380b5093de | 2020-11-14 |
About Siren
SIREN is a distributed protocol for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. Siren uses a fully-collateralized approach to writing options that don’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.