Ask about SIR · freeProtocol 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.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubYields
Pools Tracked2
Average Supply APY53.73%
Hacks
Date: Mar 30, 2025
Amount: $355,000
Classification: Access Control
Technique: Proxy Upgrade Hijack
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is SIR's TVL?
SIR currently has $95,024 in total value locked. TVL has decreased 12.8% over the past 30 days.
What chains does SIR operate on?
SIR operates on 3 chains: Ethereum, MegaETH, and Hyperliquid L1. Ethereum holds the largest share at 46.1%.
How does SIR's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, SIR ranks #104 by TVL. The category holds $2.103b across 420 protocols, and SIR accounts for <0.1% of that total. Other leading protocols include Derive V2, GMX V2 Perps, Hyperliquid HLP, Extended Perps, AZverse Perps, dYdX V3, Apex Omni, Aevo Perps, Contango V2, and Gains Network.
How many yield pools does SIR have?
DefiLlama tracks 2 SIR yield pools with an average APY of 53.7%.
Has SIR ever been exploited?
SIR has 1 recorded security incident. The most recent incident occurred on Mar 30, 2025 and involved $355,000. It was classified as Access Control.