Siprifi

Siprifi Protocol Documentation

Siprifi is a decentralized Credit Default Swap (CDS) and lending protocol built on Ethereum. Trade credit risk, earn yield, and access decentralized credit lines backed by your positions.

New to Siprifi? Start with our Quick Start guide to get up and running in minutes.

What is Siprifi?

Siprifi brings institutional-grade credit derivatives to DeFi. Our protocol enables users to create prediction markets for credit events, trade protection through YES/NO tokens, and access credit lines backed by their positions.

Key Features

  • CDS Markets - Create and trade credit default swap markets for any credit event
  • YES/NO Tokens - Buy YES tokens to bet on default, NO tokens to bet against
  • Credit Lines - Borrow sipUSD against your vault deposits and market positions
  • Decentralized Resolution - Market issuers resolve outcomes transparently on-chain

Quick Links

Quick Start

Get started with Siprifi in under 5 minutes

CDS Markets

Learn how credit default swap markets work

Smart Contracts

Technical reference for protocol contracts

API Reference

Integrate Siprifi into your application

How It Works

The Siprifi protocol operates through a system of interconnected smart contracts:

  • PredictionMarketCDS - The core market contract that handles market creation, YES/NO token minting, and resolution
  • SiprifiVault - Manages user deposits and calculates the Effective Borrowing Power (EBP)
  • SiprifiLending - Enables borrowing sipUSD against deposited collateral
  • SiprifiCredit (SPC) - The protocol's credit token used for borrowing and lending

Token Economics

Each market creates two ERC-20 tokens - YES and NO. When you buy protection:

  • Pay 0.1 ETH to receive 1 YES token
  • The ETH is locked as collateral in the market
  • The market issuer receives 1 NO token (automatically minted)
  • On resolution: winning tokens can claim the collateral
Risk Warning: Trading credit derivatives involves significant risk. Only trade with funds you can afford to lose. Always do your own research before participating in any market.