Dapp storeEthereumDeFi dappsDecentralized derivatives
SIR
SIR
Decentralized derivativesDecentralized options

SIR

SIR is an Ethereum protocol for leveraged tokens with no liquidations, no funding rates, and a one-time minting cost.

Ethereum logo
Hyperliquid logo
Transaction Fees, Open-source
This link will take you to a third-party site not owned or operated by Alchemy.

What is SIR?

SIR is a derivatives protocol on Ethereum that issues APE leveraged tokens designed to deliver convex payoffs without liquidations or ongoing funding fees. Users mint a leveraged token by paying a single fee upfront, hold it as long as they like, and burn it to exit; liquidity providers ('gentlemen') sit on the other side and earn fees plus SIR rewards. Pricing comes from Uniswap V3 oracles and the core vault, oracle, and token contracts are immutable.

Start building with web3's best API for token data
Get your API key

Best Decentralized derivatives

Discover more web3 applications and developer tools.

See all dapps

Developer resources from Alchemy

Dapp store background image

Build blockchain magic

Alchemy combines the most powerful web3 developer products and tools with resources, community and legendary support.
Get your API key