Siprifi

Introduction to Siprifi

Siprifi transforms prediction market exposures into composable, risk-aware credit instruments — enabling capital-efficient protection markets without leverage or liquidations.

New to Siprifi?

Start with the Quick Start guide to get up and running in minutes, or explore the Core Concepts to understand the protocol fundamentals.
Protocol Overview

Understand the core architecture and mechanics

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Risk Management

Learn about our no-liquidation design

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Integration Guide

Connect with Polymarket and other platforms

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API Reference

Technical documentation for developers

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What is Siprifi?

Siprifi (Structured Insurance Protocol for Risk Issuance in Finance) is a composable credit protocol that transforms prediction market positions into structured, risk-tiered instruments.

Unlike traditional DeFi lending or insurance protocols, Siprifi operates with full economic settlement transparency, no leverage, and no liquidations. Users interact with tranched exposure to prediction market outcomes while benefiting from institutional-grade risk segmentation.

The protocol issues sipUSD, a risk-backed token whose Net Asset Value (NAV) reflects the mark-to-market value of underlying positions. sipUSD is not a stablecoin — it is a structured credit instrument that fluctuates based on market conditions.

Key Features

  • 1

    Structured Credit Tranching

    Risk is segmented into Senior, Mezzanine, and Junior tranches, allowing users to choose their risk/return profile.

  • 2

    No Liquidations

    The protocol absorbs loss through NAV adjustment rather than forced position closures.

  • 3

    Transparent NAV Accounting

    Real-time mark-to-market valuation of all underlying positions.

  • 4

    Composable Integration

    Built to integrate with Polymarket and other prediction market platforms.

How It Works

Siprifi connects to prediction markets (starting with Polymarket) to source binary outcome positions. These positions are then structured into tranched credit instruments:

1Deposit — Users deposit USDC to mint sipUSD
2Structure — Protocol allocates to tranched prediction market positions
3Mark — NAV updates in real-time based on market prices
4Redeem — Users can exit at current NAV
The key innovation is that losses are absorbed through NAV depreciation rather than liquidations, creating a more predictable and less volatile user experience.

Getting Started

Ready to start using Siprifi? Follow these steps:

  • 1

    Connect Your Wallet

    Connect a compatible Web3 wallet (MetaMask, WalletConnect, etc.)

  • 2

    Deposit USDC

    Deposit USDC to receive sipUSD at the current NAV rate

  • 3

    Monitor Your Position

    Track your sipUSD value as the underlying positions are marked to market

  • 4

    Redeem Anytime

    Exit your position by redeeming sipUSD for USDC at current NAV

Quick Start GuideCore Concepts