Siren Revolutionizes Decentralized Options Trading with AMM Model

Siren is a decentralized options trading protocol built on the Ethereum blockchain that allows users to trade, mint, and hedge options using liquidity pools and on-chain settlement.

The protocol operates without intermediaries, using smart contracts for settlement, which offers 24/7 trading, lower fees, and full transparency. However, it lacks the regulatory safeguards of traditional markets.

Siren's automated market maker (AMM) model is tailored for options and uses a constant product formula similar to Uniswap but adjusted for options' time decay and volatility.