Ask about SIR
Logo of SIRSIR
Total Value Locked$92,061

TVL by Chain

Ethereum$40,167

MegaETH$32,398

Hyperliquid L1$19,496

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.

Category:Derivatives

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 Supply APY18.79%

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 ($109.78m)Hyperliquid HLP ($252.3m)GMX V2 Perps ($172.98m)Extended Perps ($131.32m)dYdX V3 ($37.76m)Apex Omni ($33.57m)Aevo Perps ($14.78m)Gains Network ($12.09m)Contango V2 ($6.16m)Hakka Finance ($4.02m)