Binance Square

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#SIREN 1. What is SIREN? In simple terms, SIREN is a decentralized protocol focused on on-chain options. To help understand through analogy: • It is the on-chain version of Deribit; • It is the Uniswap of the options market; • It can complete complex financial derivative transactions without trusting any centralized institution. 2. What can it do? • For ordinary traders, SIREN can help you hedge or speculate using options, reducing market volatility risk; • For DeFi users, it provides an innovative source of LP yield; • For builders and project teams, it is a derivatives toolbox that can be used to develop structured yield products; • For narrative capturers, this is a community-driven wealth game, with official community activities already launched and clear airdrop expectations. 3. What can it bring? The significance of SIREN lies in its potential to spark a new narrative of "on-chain options." After the maturity of perp DEX, the next overlooked on-chain market is options. SIREN is trying to make this narrative truly emerge. 4. Where are the opportunities for Binance Alpha? Binance Square is currently strongly supporting SIREN through essays, point tasks, and trading incentives. For Binance Alpha users, • Participate in content production in advance; • Interact deeply with on-chain products; Perhaps it can provide the best entry for your next airdrop layout. In one sentence: Binance Square, the SIREN narrative has just begun, Alpha is seizing it.
#SIREN
1. What is SIREN?
In simple terms, SIREN is a decentralized protocol focused on on-chain options. To help understand through analogy:
• It is the on-chain version of Deribit;
• It is the Uniswap of the options market;
• It can complete complex financial derivative transactions without trusting any centralized institution.

2. What can it do?
• For ordinary traders, SIREN can help you hedge or speculate using options, reducing market volatility risk;
• For DeFi users, it provides an innovative source of LP yield;
• For builders and project teams, it is a derivatives toolbox that can be used to develop structured yield products;
• For narrative capturers, this is a community-driven wealth game, with official community activities already launched and clear airdrop expectations.

3. What can it bring?
The significance of SIREN lies in its potential to spark a new narrative of "on-chain options." After the maturity of perp DEX, the next overlooked on-chain market is options. SIREN is trying to make this narrative truly emerge.

4. Where are the opportunities for Binance Alpha?
Binance Square is currently strongly supporting SIREN through essays, point tasks, and trading incentives. For Binance Alpha users,
• Participate in content production in advance;
• Interact deeply with on-chain products;
Perhaps it can provide the best entry for your next airdrop layout.

In one sentence: Binance Square, the SIREN narrative has just begun, Alpha is seizing it.
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#事件合约 About event contracts. Here are some thoughts on how I went from 19u to the current 300u. I divided 19u into three parts: one part of 9u and two parts of 5u. I started with 9u. If it goes well, I continue with the same direction of 16u. After two successful trades, I went from 9u to 28u. Now, I need to mainly judge whether the trend will reverse in the next ten minutes. It depends on the individual; if you can't judge, just go with a 5u trade. You can roughly judge the direction from this result because, generally speaking, the fluctuations of BTC are not particularly large; it won't jump up and down (of course, if you're unlucky, that's another story). Since we are trading for ten minutes, the cycle is particularly short, so big fluctuations are not a concern. If there is a big fluctuation, just follow it blindly; generally, big fluctuations last for half an hour. By big fluctuations, I mean BTC moving 300-400 points. If you can't find your feel, just watch the candlestick chart more. My profit was from the day before yesterday when I went from 50u to 160u. Then yesterday, I lost 190u. Today, I went from 19u to 300u again. (Friendly reminder, once you win to a certain point, change your point and exit; otherwise, you might get too excited and end up betting heavily.)
#事件合约 About event contracts. Here are some thoughts on how I went from 19u to the current 300u. I divided 19u into three parts: one part of 9u and two parts of 5u. I started with 9u. If it goes well, I continue with the same direction of 16u. After two successful trades, I went from 9u to 28u. Now, I need to mainly judge whether the trend will reverse in the next ten minutes. It depends on the individual; if you can't judge, just go with a 5u trade. You can roughly judge the direction from this result because, generally speaking, the fluctuations of BTC are not particularly large; it won't jump up and down (of course, if you're unlucky, that's another story). Since we are trading for ten minutes, the cycle is particularly short, so big fluctuations are not a concern. If there is a big fluctuation, just follow it blindly; generally, big fluctuations last for half an hour. By big fluctuations, I mean BTC moving 300-400 points. If you can't find your feel, just watch the candlestick chart more. My profit was from the day before yesterday when I went from 50u to 160u. Then yesterday, I lost 190u. Today, I went from 19u to 300u again. (Friendly reminder, once you win to a certain point, change your point and exit; otherwise, you might get too excited and end up betting heavily.)
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#事件合约 What you call a point kill is not what I call it, this is it 😭
#事件合约 What you call a point kill is not what I call it, this is it 😭
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Regarding #事件合约 , my view is that event contracts are just betting on size. When the price is high, bet that it will go down, 100u. A one-hour deadline (if it really goes down, otherwise, you could lose 100u). Then, at half an hour, place a bet that it will go up. Also 100u. If the final price falls within the size range, you earn 170u; if it falls outside the size range, you lose a 30u fee. In any case, there will be three possible outcomes: 1. falls within the size range, you earn 170u, 2. falls outside the price range, you lose 30u, 3. you may not be able to hedge at the half-hour mark, but ultimately win, earning 85u, or ultimately lose, losing 100u.
Regarding #事件合约 , my view is that event contracts are just betting on size.
When the price is high, bet that it will go down, 100u. A one-hour deadline (if it really goes down, otherwise, you could lose 100u). Then, at half an hour, place a bet that it will go up. Also 100u. If the final price falls within the size range, you earn 170u; if it falls outside the size range, you lose a 30u fee. In any case, there will be three possible outcomes: 1. falls within the size range, you earn 170u, 2. falls outside the price range, you lose 30u, 3. you may not be able to hedge at the half-hour mark, but ultimately win, earning 85u, or ultimately lose, losing 100u.
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Why can't I find where the event contract is? Binance is the latest version.
Why can't I find where the event contract is? Binance is the latest version.
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