Ask about SIR · freeProtocol 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.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubYields
Pools Tracked2
Average Supply APY138.93%
Hacks
Date: Mar 30, 2025
Amount: $355,000
Classification: Access Control
Technique: Proxy Upgrade Hijack
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
SIR history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 25, 2025 to Oct 27, 2026.
All-time high TVL: $389,092 on Mar 26, 2025. All-time low TVL: $13,364 on Jul 24, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $100,716 |
| Sep 29, 2026 | $99,314 |
| Sep 30, 2026 | $99,010 |
| Oct 1, 2026 | $99,651 |
| Oct 2, 2026 | $101,239 |
| Oct 3, 2026 | $97,383 |
| Oct 4, 2026 | $97,717 |
| Oct 5, 2026 | $98,463 |
| Oct 6, 2026 | $99,055 |
| Oct 7, 2026 | $97,956 |
| Oct 8, 2026 | $93,271 |
| Oct 9, 2026 | $93,523 |
| Oct 10, 2026 | $93,033 |
| Oct 11, 2026 | $94,055 |
| Oct 12, 2026 | $95,123 |
| Oct 13, 2026 | $93,405 |
| Oct 14, 2026 | $92,803 |
| Oct 15, 2026 | $88,935 |
| Oct 16, 2026 | $91,585 |
| Oct 17, 2026 | $90,150 |
| Oct 18, 2026 | $89,579 |
| Oct 19, 2026 | $89,720 |
| Oct 20, 2026 | $89,759 |
| Oct 21, 2026 | $91,480 |
| Oct 22, 2026 | $92,244 |
| Oct 23, 2026 | $90,707 |
| Oct 24, 2026 | $89,454 |
| Oct 25, 2026 | $90,068 |
| Oct 26, 2026 | $87,942 |
| Oct 27, 2026 | $88,937 |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $56,119 |
| Mar 31, 2025 | $0 |
| Apr 30, 2025 | $0 |
| May 31, 2025 | $0 |
| Jun 30, 2025 | $0 |
| Jul 31, 2025 | $17,190 |
| Aug 31, 2025 | $26,501 |
| Sep 30, 2025 | $45,304 |
| Oct 31, 2025 | $86,526 |
| Nov 30, 2025 | $106,967 |
| Dec 31, 2025 | $75,209 |
| Jan 31, 2026 | $71,633 |
| Feb 28, 2026 | $74,208 |
| Mar 31, 2026 | $75,658 |
| Apr 30, 2026 | $84,627 |
| May 31, 2026 | $102,687 |
| Jun 30, 2026 | $85,148 |
| Jul 31, 2026 | $92,340 |
| Aug 31, 2026 | $107,028 |
| Sep 30, 2026 | $99,010 |
| Oct 27, 2026 (latest) | $88,937 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sir
Frequently asked questions
What is SIR's TVL?
As of Oct 27, 2026, SIR has $89,639 in total value locked. TVL has decreased 12.4% over the past 30 days.
What chains does SIR operate on?
SIR operates on 3 chains: Ethereum, MegaETH, and Hyperliquid L1. Ethereum holds the largest share at 42.9%.
How does SIR's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, SIR ranks #104 by TVL. The category holds $1.971b across 426 protocols, and SIR accounts for <0.1% of that total. Similar protocols include Derive V2, GMX EVM, Hyperliquid HLP, Extended Perps, AZverse Perps, Papertrade, Apex Omni, Aevo Perps, dYdX V3, and Contango V2.
How many yield pools does SIR have?
DefiLlama tracks 2 SIR yield pools with an average APY of 138.9%.
Has SIR ever been exploited?
SIR has 1 recorded security incident. The most recent incident occurred on Mar 30, 2025 and involved $355,000. It was classified as Access Control.