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Tishana has submitted a grant application for the Siren Protocol project, specifically for the Siren Flow platform, an options trading platform that uses blockchain technology. The grant, worth 200,000 ARB, aims to incentivize option liquidity mining and trading volume, with the ultimate goal of increasing user numbers and the Total Value Locked (TVL) on the platform and within the Arbitrum ecosystem.
This discussion revolves around a grant application submitted by Tishana for the Siren Protocol project, specifically for the Siren Flow platform1. Siren Flow is an options trading platform that leverages blockchain technology to provide a user-friendly, secure, and transparent trading experience1. The grant, amounting to 200,000 ARB, is intended for option liquidity mining incentives and options trading volume incentives, with a 1:1 ARB to SI matching of 200,000 SI1. The primary goal is to increase the number of users and the Total Value Locked (TVL) on the Siren Flow platform and within the Arbitrum ecosystem1.
The community reaction is not explicitly mentioned in the summaries. However, the Siren Flow platform has been live on Arbitrum in a private, request-only mainnet beta, and the public mainnet launch is scheduled for November 20231. The platform has also been on the Arbitrum Testnet since April 10, 2023, and the private mainnet was deployed on June 13, 20231. The performance on the testnet from June 13, 2023, to August 18, 2023, was shared, with a total volume traded of $3.4B and 1547 individual participating addresses1.
The Siren Flow platform aims to revolutionize DeFi options trading by overcoming technical challenges that have previously hindered the popularity of DeFi options1. The platform is described as powerful, convenient, fast, low-fee, secure, and decentralized, aiming to attract crypto options traders who want both the convenience and powerful trading tools offered by centralized exchanges and the security of trading on-chain1. The grant will be used to incentivize liquidity and trading volume, which will likely attract more users to the platform and increase the TVL1.
The negative aspects are not explicitly mentioned in the summaries. However, it's worth noting that the success of the Siren Flow platform and the effectiveness of the grant in achieving its objectives will depend on various factors, including market conditions and the platform's ability to attract and retain users. The grant's size and the execution strategy have been justified, but the actual outcomes may vary1.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 05/12 01:14