Siren

SI Price

What is Siren about?

SIREN is a distributed protocol designed for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. Options are a financial instrument that enable traders to buy or sell an asset at a predetermined price at a specified future time, serving as a tool for hedging against price fluctuations or speculating on potential price movements.

What makes Siren unique?

SIREN stands out by employing a fully-collateralized approach to writing options without the need for oracles. Both the buyer and seller sides of the contract are tokenized, generating bTokens for buyers and wTokens for sellers. This tokenization facilitates secondary markets and simplifies writer mechanisms by reducing the process to purchasing collateral at a discounted rate. Additionally, the protocol incorporates a custom SirenSwap AMM, which combines a constant-product bonding curve with options minting. This design requires only bTokens, wTokens, and collateral in the pool, thereby enhancing capital efficiency for liquidity providers.

What can Siren be used for?

SIREN offers a platform for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum. It provides traders with the ability to hedge against price volatility or speculate on future price movements by allowing the purchase or sale of assets at predetermined prices. The tokenized nature of the options contracts enables secondary markets for both long and short positions, ensuring flexibility and liquidity in the options market.

Where can you buy Siren?

SI tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Siren is Uniswap V2 (Ethereum), where the most active trading pair SI/WETH has a trading volume of $20.91 in the last 24 hours.

What is the daily trading volume of Siren (SI)?

The trading volume of Siren (SI) is $20.16 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Siren (SI)?

Siren (SI) reached an all-time high of $4.37 and an all-time low of $0.002824. It’s now trading -99.90% below that peak and 40.80% above its lowest price.

What is the market cap of Siren (SI)?

Market capitalization of Siren (SI) is $265,850 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SI tokens (67 Million tokens are tradable on the market today).

What is the fully diluted valuation of Siren (SI)?

The fully diluted valuation (FDV) of Siren (SI) is $397,634. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million SI tokens are in circulation today. Depending on how the emission schedule of SI tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Siren compare against its peers?

With a price increase of 0.00% in the last 7 days, Siren (SI) is underperforming the global cryptocurrency market which is up 10.30%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 15.90%.

How to add Siren (SI) to MetaMask?

Adding Siren (SI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SI as a token. You can copy SI’s contract address (0xd23ac27148af6a2f339bd82d0e3cff380b5093de) and import it manually, or if you've installed MetaMask's chrome extension, add SI to MetaMask with one click on CoinGecko.

Add SI to MetaMask.