SIREN brings DeFi Options Trading to Polygon

We’re excited to announce that SIREN has launched v2 on Polygon! 

Polygon has become the industry standard for a full-stack scaling solution. Over 43 DeFi protocols have been deployed on Polygon as a scaling solution. Many blue-chip companies such as Aave, SushiSwap, Curve, Balancer, and Kyber have deployed on their network and proven their efficiency.

SIREN has decided to deploy on Polygon network because of its EVM and Subgraph compatibility, Strong community support, 1000x improvement threshold on transactions, and $8 Billion+ of liquidity available. Also, users are becoming familiar with its network so It’s reasonable that SIREN chose Polygon. 

To unlock the next wave of DeFi Options traders, the user experience has to meet and exceed traditional finance (TradFi) experience, hence their deployment to Polygon.

As the DeFi derivatives and options space continues to mature, the trading experience is to be as seamless as possible. This means instant trading, withdrawals, and staking. They believe being able to offer this experience will bring more confidence for users to utilize the advantages of DeFi options.

The trading on Polygon now takes <25 seconds which is a vast milestone achievement compared to their v1 deployed on the L1 Ethereum chain. 

This is just the first step to improving the trading experience and they will be announcing their next plans in their Q3 Roadmap.

For more information, check out:

https://www.loom.com/share/a1c584c514514ca7a9c312c3105f7a89

They look forward to driving mass adoption of DeFi Options with our efficient gas and trading experience.

About Polygon 

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

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About SIREN

SIREN is a decentralized platform for trading cryptocurrency options designed for the sophisticated degen. As a trader, come participate in market upside while limiting your risk by buying options on your favorite DeFi tokens. As an LP, come to pool your favorite DeFi assets to passively earn rewards when people bet on the markets.

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Source : cryptodaily.io

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