Siren Markets is a decentralized application used for creating, trading, and redeeming fully-collateralized options contracts for any ERC20 token on Ethereum. Siren Markets (‘SIREN’) is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on chain.
SIREN fills a unique market niche by catering specifically to sophisticated parties interested in holding and actively trading tokenized options contracts. Unlike any other cryptocurrency options platform, SIREN has tokenized both sides of an option contract, allowing for elements of an options ecosystem that can be traded as easily as a standard ERC-20. SIREN allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time.
In addition to our unique tokenization model, we have also separated our automated market making (AMM) layer from the settlement layer, which allows us to continuously modify the design of our market making, pool administration, and pricing as the trading volume and liquidity of our platform grows over time. Under this paradigm, a strategy that serves SIREN in our early stage of growth with a limited number of markets and available liquidity does not need to be the same strategy that serves during future high growth periods.
SIREN is supported by a distributed community of water-dwelling creatures
Voice of Thunder
+5 agility, cast one @chrisblec tweetstorm onto your opponent
Crafter of Wonders
+3 attack, select an opponent to suffer from a bug
+2 attack / +1 armor, select an opponent to suffer from 5x gas fees
Master of Waves
Protection from bugs, web page elements you control gain +2 compatibility
+2 intellect / +1 design, gain 50 mana for every liquidity pool added
+3 agility, increase defense of all allies until the next expiration
+2 charm / +1 smart contract, decrease gas fees 2x for nearest allies
Options involve significant risk and are not suitable for all types of investors or liquidity providers.
We do not provide any services to citizens and residents of the United Kingdom, United States, all the countries from the OFAC sanctions list, or other countries and jurisdictions where these services cannot be provided by virtue of the current legislation.