Description
SIREN is a decentralized protocol on Ethereum offering fully on-chain option contracts for ERC-20 tokens. This system allows users to buy and sell options directly from their Ethereum wallet, reducing reliance on traditional intermediaries and using blockchain for enhanced security and transparency. Central to SIREN is a sophisticated AMM that provides real-time pricing adjustments and liquidity in a decentralized manner. The protocol supports put and call options with customizable strike prices and expiration dates, emphasizing fully-collateralized contracts to ensure solvency without oracles. This setup, including tokenized bTokens and wTokens, allows for seamless participation in primary and secondary markets. Overall, SIREN targets DeFi traders seeking a trustless, efficient, and flexible options trading environment.
SIREN is a decentralized protocol on Ethereum offering fully on-chain option contracts for ERC-20 tokens. This system allows users to buy and sell options directly from their Ethereum wallet, reducing reliance on traditional intermediaries and using blockchain for enhanced security and transparency. Central to SIREN is a sophisticated AMM that provides real-time pricing adjustments and liquidity in a decentralized manner. The protocol supports put and call options with customizable strike prices and expiration dates, emphasizing fully-collateralized contracts to ensure solvency without oracles. This setup, including tokenized bTokens and wTokens, allows for seamless participation in primary and secondary markets. Overall, SIREN targets DeFi traders seeking a trustless, efficient, and flexible options trading environment.