Siren Flow, an options protocol, is about to launch a testnet based on Arbitrum.

According to official sources, the Siren team will launch a new DeFi options protocol called Siren Flow. The protocol utilizes a hybrid on-chain/off-chain RFQ pricing system to provide options trading at prices competitive with centralized exchanges (CEXs). Additionally, Siren Flow's treasury integrates an automated hedging system that interacts with an Arbitrum-based perpetual protocol to protect liquidity providers from risk exposure. The protocol will first be launched on the Arbitrum testnet.