SIREN
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Introduction
SIREN Protocol
Glossary
Use Cases
Automated Market Maker
Settlement Layer
bToken/wToken
Option Pricing
The Graph
Contracts
Contract Architecture
Amm Factory
Series Controller
ERC-1155 Controller
Series Vault
Price Oracle
Series
MinterAmm
FAQ
About SIREN
For Users
Product Strength
What are Options?
What is ITM, ATM and OTM?
What are Greeks?
Who is Liquidity Provider?
How To
How To Get Help?
How to Trade Options on SIREN
How LPs Can Migrate to Protocol v2
SIREN v2 Trading: Buy an Option (loom)
How to Participate in SIREN Grants Program
Community
Governance
Discord
Twitter
Telegram
Medium
Reviews About SIREN
The Protocols Bringing Derivatives to DeFi (by Quantstamp Labs)
Prominent DeFi Projects (by Rockaway Blockchain Fund)
Useful Links
Swapping Tokens
Trezor vs. Ledger
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Introduction
SIREN is a distributed protocol for creating, trading, and redeeming fully-collateralized options contracts for any ERC-20 token on Ethereum.

About SIREN

Siren Markets (‘SIREN’) is focused on the creation of a high-quality, seamless experience for sophisticated users to purchase, trade, and redeem options without the use of a third-party mechanism or order matching to complete settlement on-chain.
Options are a powerful financial primitive, a building block from which many complex constructions can be formed and high levels of flexibility achieved. SIREN enables DeFi users to make use of options to hedge, speculate, and generate passive income streams.
SIREN achieves and occupies a unique market niche through several novel implementations. SIREN has tokenized both sides of an option contract through the process of Bilateral Tokenization, allowing for elements of an options ecosystem that can be traded as easily as a standard ERC-1155 token.
Additionally, SIREN has separated the automated market making (AMM) layer from the settlement layer, allowing for continuous modification to the design of market making, pool administration, and pricing as the trading volume and liquidity of the SIREN platform grow over time. This paradigm allows a strategy that serves SIREN in early stages of limited markets and liquidity to transform and iterate as growth takes place and the protocol exceeds such limitations.
The following documents will provide readers with a working knowledge of the fundamental mechanisms that make SIREN function. Upon completion, readers should feel empowered to engage, trade, and generally dive deep into SIREN the protocol and SIREN the community.
NOTE: This is a living document that will continue to be updated as SIREN evolves. To contribute, please visit SIREN on GitHub. Specific questions may be answered and technical guidance may also be provided from time to time in the SIREN Telegram to those who are interested in building on top of the protocol.
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Glossary
Last modified 11mo ago
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