SIR

Total Value Locked

$95,757

Chain Breakdown
Ethereum	$77,288
Hyperliquid L1	$18,469

TVLMedian APYUSD InflowsTweetsDevelopersDeveloper Commits

USD ETH

Protocol Information

SIR is a decentralized trading protocol designed for leveraged positions with a focus on long-term investing. Key features include a one-time fee for opening positions (no recurring funding costs), no liquidations, and no volatility decay (returns aren't eroded by market fluctuations). By eliminating these traditional risks and costs, SIR offers a sustainable way to maintain leveraged exposure over extended periods, making it ideal for investors seeking leveraged assets without the stress of daily fees, margin calls, or compounding price instability.

Category:Derivatives

Audits

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Development Activity

(updated at 02/07/25)

Weekly commits: 25
Monthly commits: 25
Weekly developers: 2
Monthly developers: 2

Last commit: 5 months ago (2025-07-02)

Methodology

TVL: Token balance in the vault contract

TVL code

Competitors

Extended ($100.85m)Derive V2 ($72.29m)SunX ($62.75m)Synthetix V3 ($58.63m)Apex Omni ($44.99m)Jupiter Perpetual Exchange ($1.25b)Drift Trade ($626.21m)Hyperliquid HLP ($400.18m)GMX V2 Perps ($391.98m)dYdX V4 ($161.37m)