siren  (SI)

Siren (SI)

$1,01 1.1%
0,00002524 BTC -0.7%
0,00039172 ETH -1.2%
2 965 personnes aiment ça
Capitalisation du marché
$22 166 742
Volume de négociation sur 24 h
$170 142
Min. sur 24 h / Max. sur 24 h
$0,981216 / $1,04
Offre en circulation
21 840 342 / 100 000 000
Valorisation pleinement diluée
$101 494 481
Offre maximale
100 000 000
Total Value Locked (TVL)
$1 116 984
Market Cap / TVL Ratio
Fully Diluted Valuation / TVL Ratio

Que pensez-vous du cours de Siren d’aujourd’hui ?
Vote to see results!
You voted
Good Bad
88% 13%
1 h
24 h
7 j
30 j

We're indexing our data. Come back later!

Siren Price and Market Stats

Cours de Siren
Cours de SI $1,01
Capitalisation du marché $22 166 742
Prédominance de la cap. du marché 0,00%
Volume d'échange $170 142
Volume/Capitalisation du marché 0.0077
Min. sur 24 h / Max. sur 24 h $0,981216 / $1,04
Min. sur 7 j / Max. sur 7 j $0,959712 / $1,10
Rang Capitalisation de marché #666
Niveau record $4,37 -76.7%
Mar 06, 2021 (3 mois)
Plus bas niveau historique $0,915966 11.2%
Jun 12, 2021 (3 jours)

Monnaies les plus populaires en ce moment sur CoinGecko

aave (AAVE) Aave swipe (SXP) Swipe livepeer (LPT) Livepeer (FET) arweave (AR) Arweave
Informations sur les affiliés
# Plate-forme d'échange Paire Cours Spread +2 % de profondeur -2 % de profondeur Volume sur 24 h Volume en % Dernière négociation Score de confiance
1 SI/ETH Infos 0xd23ac27148af6a2f339bd82d0e3cff380b5093de
0,98 $
0,0003760432383152 ETH
0.6% 37 104 $ 36 993 $
38 024,48 $
38892,391 0XD23
22,27% Récemment
1,03 $
0,000399 ETH
1.24% 24 137 $ 11 $
133 236,63 $
128823,200 SI
77,73% **Il y a environ 2 heures
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

À propos de Siren

Le cours de Siren (SI) d'aujourd'hui est de $1,01 avec un volume de négociation sur 24 h de $170 142. Le cours a augmenté de 1.1% au cours des dernières 24 heures. Cette crypto-monnaie dispose d’une offre en circulation de 22 million unités et d’une offre maximale de 100 million unités. Actuellement, le marché le plus actif sur lequel cette crypto-monnaie se négocie est Uniswap (v2).

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

Options are a financial primitive from which one can build many different more complex financial instruments. At their core, options give a trader the choice to buy or sell an asset at a predetermined price at a known time in the future. This is useful for protecting one's self (also known as hedging) against possible price changes in the asset, as well as speculating on these price changes.

Core Protocol Mechanics
SIREN uses a fully-collateralized approach to writing options that doesn’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.

With SIREN, both the long and short side of the contract are tokenized. The buyer’s side (bToken) gives the holder the right to purchase or sell the underlying asset at a predetermined strike priceThe seller’s/writer’s side (wToken) allows the holder to withdraw the collateral (if the option was not exercised) or withdraw the exercise payment (if the option was exercised) from the contract after expiration.

When a trader buys a put the on-chain token amount is multiplied by the strike. For example, a 1 WBTC $20K PUT will result in 20,000 bTokens. For the same reason, a put is just a reversed-assets call (e.g. a WBTC/USDC put is actually a USDC/WBTC call).​

Tokenizing both sides of the contract allows SIREN to create secondary markets for both the long and short exposure. Under such a design in order to become a writer one purchases a wToken from the SirenSwap AMM (see below). A writer can also unwind their short exposure by selling the wToken back to the AMM. This streamlines the write-side mechanics by reducing it to essentially purchasing the underlying collateral at discount — as opposed to a typical design where the writer mints long tokens and has to then sell them in order to realize the premium.

SirenSwap AMM
Bootstrapping liquidity is core to creating a thriving market. Options are notoriously difficult when it comes to that. Not only does liquidity get fractured by combination of strike prices and expirations, it also requires sophistication on the part of liquidity providers in order to ensure fair and sustainable pricing.

To ensure liquidity on day 1 the SIREN protocol utilizes a custom SirenSwap AMM that uses a novel combination of a constant-product bonding curve and options minting to trade both bTokens and wTokens. Notably, the AMM doesn’t require any asset in the pool other than bTokens/wTokens in order to trade them against the collateral asset (e.g. WBTC). This increases LP capital efficiency and provides other benefits that we’ll expand on in further posts.

The SIREN core team believes that in these early days of Ethereum and DeFi less is more, so they designed SirenSwap to be a model-less market maker. This means there is no complex on-chain pricing formula nor oracle feed required in order for it to function. This makes it easy for anyone to become an LP to potentially earn trading fees.

coingecko (thumbnail mini)
CoinGecko pour iOS
coingecko (thumbnail mini)
CoinGecko pour Android