Ask about SIR
Logo of SIRSIR
Total Value Locked$84,733

TVL by Chain

Ethereum$35,818

MegaETH$28,521

Hyperliquid L1$20,394

Protocol Information

SIR is a decentralized trading protocol designed for leveraged positions with a focus on long-term investing. Key features include a one-time fee for opening positions (no recurring funding costs), no liquidations, and no volatility decay (returns aren't eroded by market fluctuations). By eliminating these traditional risks and costs, SIR offers a sustainable way to maintain leveraged exposure over extended periods, making it ideal for investors seeking leveraged assets without the stress of daily fees, margin calls, or compounding price instability.

CategoryDerivatives

Audits:

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Yields

Pools Tracked2

Average APY110.71%

Hacks

Date: Mar 30, 2025

Amount: $355,000

Classification: Protocol Logic

Technique: Transient storage collision

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Derive V2 ($110.18m)Hyperliquid HLP ($335.97m)GMX V2 Perps ($160.95m)Extended ($144.03m)dYdX V3 ($38.39m)Apex Omni ($33.85m)Synthetix V3 ($31.07m)Gains Network ($16.42m)Aevo Perps ($15.69m)Contango V2 ($5.82m)