Logo of SirenSiren(SI)
Total Value Locked$408,897.3

TVL by Chain

Ethereum$372,467.69

Polygon$32,352.55

Arbitrum$4,077.07

Key Metrics

Total Raised$5.2m

Dec 1, 2020$1.2mRound: Seed

Mar 1, 2021$4mRound: SeedInvestors: 1kx, CMS Holdings, Edward Moncada, Jack Herrick, Mechanism Capital, Naval Ravikant, Robert Leshner, Rockaway Blockchain Fund, Santiago Roel Santos, Tarun Chitra, The Spartan Group

Protocol Information

Decentralized option markets on Ethereum.

GitHubTwitter
Category:Options

Audits:

Methodology

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

Hacks

Date: Sep 3, 2021

Amount: $3.5m

Classification: Reentrancy

Technique: Reentrancy

Chains: Polygon

Language: Solidity

Target Type: DeFi Protocol

Competitors

SOFA.org ($851,111.28)Pods Finance ($389,204.3)Opium ($76,300.66)Hegic ($9.5m)Opyn Gamma ($1.09m)Deri Protocol ($309,244.09)Cega V1 ($308,194.68)TYMIO ($255,739.11)GammaSwap Open Interest ($235,482.41)Premia V2 ($218,602.1)

Frequently Asked Questions

What is Siren's TVL?

Siren currently has $408,897.3 in total value locked. TVL has increased 36.2% over the past 30 days.

What chains does Siren operate on?

Siren operates on 3 chains: Arbitrum, Ethereum, and Polygon. Ethereum holds the largest share at 91.1%.

How does Siren's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Siren ranks #11 by TVL. The category holds $34.75m across 68 protocols, and Siren accounts for 1.2% of that total. Other leading protocols include SOFA.org, Pods Finance, Opium, Hegic, Opyn Gamma, Deri Protocol, Cega V1, TYMIO, GammaSwap Open Interest, and Premia V2.

Has Siren ever been exploited?

Siren has 1 recorded security incident. The most recent incident occurred on Sep 3, 2021 and involved $3.5m. It was classified as Reentrancy.