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Ruler Protocol

Learn which DeFi derivatives projects have already made the leap to Ethereum's layer-two (L2) scaling solutions!

Top DeFi derivatives projects on L2s : you've got (fast and cheap) options

DeFi Pulse monitors each protocol&#039;s underlying smart contracts on the Ethereum blockchain.

Defi Pulse Blog

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Top DeFi derivatives projects on L2s

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William Peaster

DeFi is the future of TradFi! Learn how AMMs are the latest big advance in the history of derivatives markets.

AMMs: a milestone in the history of derivatives markets - DeFi 101 series

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AMMs: a milestone in the history of derivatives markets

What's the difference between leverage and derivatives? How does that apply to cryptocurrencies? Learn which strategy is more suitable to you!

Crypto leverage vs. crypto derivatives

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The crypto derivatives industry is among the fastest growing sectors in the cryptoeconomy.  These financial instruments, which help traders flexibly...

DeFi derivatives: on the challenges of overtaking the CEX market

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Options are a financial primitive from which one can build many different more complex financial instruments. At their core, options give a trader the choice to buy or sell an asset at a predetermined price at a known time in the future. This is useful for protecting one's self (also known as "hedging") against possible price changes in the asset, as well as speculating on these price changes.
SIREN uses a fully-collateralized approach to writing options. A single MarketsRegistry contract creates and coordinates individual markets. Once a Market contract is created anyone can interact with it in a permissionless manner. The solvency of a position is ensured at all times by the collateral locked in the smart contract.
With SIREN both the long and short side of the contract are tokenized. The buyer’s side (bToken) gives the holder the right to purchase or sell the underlying asset at a predetermined strike price. The seller’s/writer’s side (wToken) allows the holder to withdraw the collateral (if the option was not exercised) or withdraw the exercise payment (if the option was exercised) from the contract after expiration.
Tokenizing both sides of the contract allows SIREN to create secondary markets for both the long and short exposure. Under such a design in order to become a writer one purchases a wToken from the SirenSwap AMM. A writer can also unwind their short exposure by selling the wToken back to the AMM. This streamlines the write-side mechanics by reducing it to essentially purchasing the underlying collateral at a discount — as opposed to a typical design where the writer mints long tokens and has to then sell them in order to realize the premium.

Total Value Locked		24H
in USD	$349.6K	-3.0%
in ETH	175	-3.6%
in BTC	12	-2.3%
ETH Locked	3.643 ETH
% Supply Locked	< 0.01%
Blockchain	Ethereum
Most Locked	$uni
Protocol Token	$SI

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