Panoptic is the first on-chain permissionless options protocol, allowing anyone to create and trade options without intermediaries. SIREN is a decentralized, fully-collateralized options market on Ethereum, requiring full collateral for positions. Panoptic suits users seeking open, uncensorable options trading, while SIREN appeals to those preferring a more traditional collateral-backed approach.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $1.7MDefiLlama | $286.8KDefiLlama |
| MCap Rank | — | #6477 |
| Total Raised | $11.5M | $5.2M |
| Founded | 2022-07 | 2020 |
| Stage | — | — |
| X / Twitter | 21K | 0 |
| GitHub Stars | — | 41 |
| Chains | baseethereumunichain | arbitrumbnb-chainethereum |
| Tags | Options, Derivatives, DeFi | AI Agent, AI, MEME |
Panoptic is the first on-chain, permissionless options protocol that allows users to trade and provide liquidity for options without needing a counterparty. It enables undercollateralized option selling for greater capital efficiency and deeper liquidity, and supports portfolio margin for institutional risk management.
SIREN is a decentralized protocol for creating, trading, and redeeming fully-collateralized options on any ERC-20 token. It operates without oracles, using a MarketsRegistry contract to coordinate individual markets.