We're excited to announce that the Solana ($SOL) options market is now live on Optimistic Ethereum Mainnet. Traders can now trade call and put options on SOL instantly with low gas fees.
Our objective is to continue adding options markets for the most popular tokens in DeFi over the coming months. Stay tuned for more important updates, key date announcements, and exciting opportunities join the Lyra community on Discord and follow us on Twitter.
- Implied Volatility: 117%
- Skew: [1.12, 1.08, 1.04, 1, 0.98, 0.98, 0.98]
- Standard size: 400
- Vega Utilization Co-efficient: 250
- Spot-price fee: 0.001
- Liquidity: $300,000.
As this is a soft launch, the Lyra DAO will be providing liquidity for trading this round to test the delta hedging feature for the AMM.
- Options Quoted: 4th March 8am UTC time
Lyra is a protocol for trading options on Ethereum. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol.