Defi Pulse and SIREN Markets are excited to announce that Liquidity Pool deposits for DPI are now available on SIREN Tradewind. 🔱
Defi Pulse is an industry leading platform on all things Decentralized Finance (DeFi) and is the go-to information aggregator. By tracking the industry and individual project Total Value Locked (TVL) numbers, anyone is able to understand what is happening in DeFi.
DPI is an Index product co-created between Set Protocol, IndexCoop and Defi Pulse. It comprises the 16 most popular DeFi tokens on Ethereum. An index product allows users to have multiple exposure to an industry and DPI provides the one-click exposure to all top DeFi Blue Chip projects.
You can find the methodology for DPI at indexcoop.com/dpi
What’s special about the DPI Tradewind Launch.
They also receive yield from trading fees (slippage), early withdrawal conversion fees, plus additional rewards in the SIREN native token, $SI. SI Rewards are expected to be turned on next Wednesday (29th September) when over $100K has been deposited into the DPI Pool.
On the trading side, we have also implemented a beta trading fee where a baseFee is accrued to DeFi Pulse. This is our first implementation to test how protocol revenues will work in the near future.
We are excited to launch with DPI with one of the strongest DeFi communities. By decentralizing the AMM process, SIREN removes the middle man and gives the power to run markets directly to the DPI community.
Dive into the deep sea and deposit in the DPI LP pool here 👈
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.