MATIC OPTIONS NOW ON SIREN TRADEWIND.

Polygon and SIREN Markets are excited to announce that call options for MATIC are now available on SIREN Tradewind. Polygon is the first project to launch on SIREN Tradewind, where fans of a partner project interact with its native token in new, more sophisticated ways through DeFi derivatives. With call options available through Tradewind, users can act on their predictions of the future of their favorite tokens while capping their downside risk.

Tradewind allows MATIC holders to deposit their tokens into a MATIC pool as Liquidity Providers (LPs) to earn passive option-writing yield. LPs in the MATIC pool earn the premium every time someone buys an option. They also receive yield from trading fees (slippage), early withdrawal conversion fees, plus additional rewards in the SIREN native token, $SI. By decentralizing the AMM process, SIREN removes the middle man and gives the power to run markets directly to the community.

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 pool your favorite DeFi assets to passively earn rewards when people bet on the markets.

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 350+ Dapps, ~121M txns and ~1M+ unique users.

⬇️DETAILS:

https://medium.com/siren-markets/matic-options-now-on-siren-tradewind-ca63d9140d35