$SIREN token is the governance token of the decentralized options protocol Siren Markets, below is its key analysis.
#SIREN的星辰大海
$BTC
1. Project Background
Positioning: Siren Markets is a decentralized options protocol built on Ethereum, aiming to lower the trading barrier for options through blockchain technology, providing permissionless and transparent derivative trading services.
Core Functionality: Users can create/trade European options, supporting various crypto assets (such as ETH, BTC, etc.), utilizing on-chain settlement and automated market maker (AMM) mechanisms.
2. Technical Architecture
Underlying Chain: Based on Ethereum, compatible with Layer 2 solutions (such as Arbitrum) to reduce gas fees.
Smart Contracts: Option contracts are executed automatically through code, with collateral held in smart contracts to ensure performance.