Lyra is launching an improved version of the protocol on Optimism. After a successful first 3 months on Arbitrum, Lyra Newport has been adapted to integrate with Synthetix Perps V2 allowing the deployment of a cash-collateralized version of the contracts on Optimism. The core objective behind integrating with multiple perpetual
Lyra is introducing an overhauled trading rewards program, tailored for options traders. Lyra Rewards V2, outlined in LEAP-49, introduces a Trading Pool, where a predetermined amount of rewards is divided amongst eligible traders who have opened and held positions throughout the epoch. Traders can unlock boosted rewards by staking LYRA,
The Lyra Protocol will soon deploy on Arbitrum, our first step in multichain expansion. To avoid liquidity fragmentation across multiple L2s, Lyra will migrate to Ethereum mainnet as a secure and unbiased home for staking. In addition, migrating LYRA staking to mainnet introduces the following benefits: On-chain staking Staking rewards
Today, we’re delighted to announce that Lyra has raised $3m from Framework Ventures and GSR in a strategic round. Lyra will continue to work with respected and capable venture capital partners as the protocol continues building towards the vision of becoming the volatility engine that powers DeFi. In August
We’re proud to announce that we’ve integrated with Socket. Socket is a complete interoperability stack which allows asset & data transfer across chains, enabling developers to build truly cross-chain apps. Lyra aims to promote the adoption of Layer 2 Ethereum by improving the user experience at every opportunity.
Summary: 📊 Lyra Stats ☄️ Learn How to Boost Your Lyra Rewards 🥕 Lyra Trader Incentives Overview 🔙 Bitcoin Options Market is Live 🗓 Lyra Launches Three Month Expiries 🦘 Polynomial V2 Vaults & Lyra LP Incentives 💻 DevCo & AAVE LEAPs ⚔️Synthetix X Lyra Twitter Space on the Avalon Launch 🧵 Lyra Threads You May Have Missed
It’s here! We’re proud to announce the most significant upgrade to Lyra yet, Avalon. Now live on Optimistic Ethereum, Lyra Avalon builds off the strong foundation established in V1 (Two-sided options markets, unified liquidity, composable delta hedging) with a suite of new features which will offer the best
Lyra will set a new standard for on-chain options trading with The Avalon Upgrade. [https://blog.lyra.finance/avalon-upgrade-primer/] Rolling options expiries out to 3-months, unified liquidity across strikes, partially collateralized short options, anytime entry/exit from market maker vaults - Lyra is about to enter a league of its
Since the token launch, Lyra has been incentivising a number of pool 2 staking programs to ensure there would be sufficient liquidity for trading on both Optimism and Ethereum Mainnet. While effective in achieving this objective, the method of incentive allocation could be more efficiently designed. Over this period, the
Options and perpetual futures provide traders with unique benefits compared to basic spot trading, which has led to their increasing popularity on both centralized and decentralized trading platforms. While options have less inherent risk (albeit still a risky product), perps are more cost effective. While this guide will not explore
Today we’re announcing that Lyra has integrated Hop Exchange natively into the Lyra trading dApp in a move to further improve the onboarding experience to L2 Ethereum. Hop is the leading bridge protocol for sending tokens across rollups and their shared layer-1 network in a quick and trustless manner.