Lyras Ignition phase has been an overwhelming success, migrating over $200m liquidity to Optimism and kickstarting the era of L2 native DeFi. The live Lyra price today is $0.144442 USD with a 24-hour trading volume of $96,789.15 USD. This will come in the form of more stkLYRA and/or OP tokens. LYRA has been used for Curve bribes as a part of the incentive to maintain the sUSD-3CRV pool which is a fair trade-off for me. No epochs, the AMM operates and sets prices 24/7 in a non-biased fashion. We are excited to announce that the LYRA token will launch on Optimism next week with a one-month liquidity mining program for the LYRA/ETH pair. All activity will be halted and pending withdrawals will be accelerated and processed on L1 so that we can safely take this snapshot. This way the underlying exposure of the assets in the MMV/AMM is always constantly looking to be market neutral and not allow any imbalances through exposure to eat into any yield accrued by LPs. . Without getting too bogged down in options writing, the person taking on the risk needs to be sufficiently paid for doing so. This will be the first token launch natively on layer two, allowing users to claim LYRA at a fraction of the cost that would be incurred on L1. In just two years the 1inch DEX aggregator surpassed $70B in overall volume on the Ethereum network alone. TLDR: the right but not the obligation to sell an asset at a specific strike price on a specific date. Hng dn tri nghim d n . If you like this kind of content, please consider subscribing to our newsletter The Ape Enclosure. Trading Rebates Currently stkLYRA holders are subject to a 20-60% trading rebate when using the Lyra protocol. $ 0.153. I put it in this category for leading sources of alpha Governance proposals Discord/Telegram Medium Twitter Your Friend at work. So, again you are relatively flat despite being able to keep your spot exposure open. By integrating with Hop, Lyra can offer traders a seamless experience to move tokens from Layer 1 Ethereum to Optimism. $ 0.156. Segn los datos de la tabla, el volumen de intercambio de LYRA a SUSD es $105.67. The swap form will be prefilled with the required amount of sUSD to complete the trade, adding some buffer for slippage. Since launching in July 2021, close to $1.4b has been bridged using Hop between Ethereum Mainnet, Gnosis chain, Polygon, Arbitrum and Optimism. Nasdaq Bulls' Remarkable Optimism Holds Firm as the Fed and Earnings Sting. This will lead to greater liquidity and a greater trading experience and create its own self-fulfilling prophecy and its own flywheel effect. There are a lot of options protocols that actually settle off-chain no names mentioned but we havent covered them on blocmates, So what does this tell you? We're proud to officially launch Lyra on @optimismPBC mainnet. We're excited to bring this to our users today. You have the right but not the obligation to buy ETH on the 16th of September for $1200. Why this is useful Increasing capital efficiency for those looking to sell calls, which would usually require a lot of capital to make sense. Overview Markets News Arbitrage Historical data On-Chain . Lyra is an open protocol for trading options built on Ethereum. Go to https://app.lyra.finance/welcome. Were proud to announce that weve integrated with Socket. So, what happens when we drill down further into decentralised exchanges and what can this tell us? It makes more economic sense than direct incentives because, for every $1 spent on obtaining votes, the sUSD pool will receive more than $1 in CRV emissions. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. LYRA Protocol Incentives There will be three trading rounds in this phase: The goal of ignition incentives was twofold. The LYRA price is 1.29% down in the last 24 hours. Airdrop Alert Daily May 9, 2022. Avalon is the largest upgrade to Lyra since its inception. Using partial collateral allows users to operate with a larger size and helps with opportunities such as volatility surface arbitrage, due to users not requiring as much capital to bring this back in line. We will be releasing a guide on how to bridge when we launch the token. It's designed to incentivize liquidity for its synthetic dollar . Just as we are seeing with the likes of GMX, once Lyra hits a stage where LPs are sufficiently compensated for their capital, the shift to purely protocol-generated yield, i.e. dApp https://app.lyra.finance/portfolio, Twitter https://twitter.com/lyrafinance, https://www.statista.com/statistics/377025/global-futures-and-options-volume/, $47bn in notional volumes with around $7bn in open interest. Lyra Finance Price. I think the Optimism grants program is doing wonders for that ecosystem and bringing additional assets to the platform will only be a good thing. This program will incentivise full range liquidity to minimise the chance of exploits that have recently affected other protocols. In all seriousness, this trade would yield 110% per contract bought given all those parameters were hit. A leading decentralized platform for trading crypto options. So, from a trading perspective, it makes sense to be pushing the limits of your knowledge around not just perps and futures but also options. These flows are designed to reduce friction in the trading experience. Specification Overview. Introduction:Were excited to launch a new trading competition around the price outcomes of The Merge with over $30,000 (in OP) in prizes. It is quite clever actually, so the vault aims to be as near to delta neutral as physically possible based on call: put ratio. Users can also use this swap form to convert their sUSD back to tokens when they're done trading. The 1inch swapping protocol allows us to combine Uniswap and Synthetix swaps into one transaction, combining steps 2 and 3. The circulating supply is not available and a max. It's designed to incentivize liquidity for its synthetic dollar-pegged sUSD stablecoin on Optimism, the Layer-2 Ethereum scaling solution. Those that solve this issue will begin to build a moat, much like we are seeing with the likes of dYdX and GMX at the minute in the perps markets. Governing the protocol via election of the Lyra Council. LYRA is used for incentives for those power users on the protocol in a few ways: Initially, this may seem as if a lot of the tokens will be distributed to users/supporters of the project which I think is fair game. I love this step moving away from USDC, USDT etc. Lyra's vision, then? About Lyra Finance. So, with that in mind, lets take a look at one of the most promising on-chain options protocols out there, Lyra Finance. The Lyra DAO will seed liquidity on Optimism and Ethereum Mainnet for this bridge and will seek to support additional bridging infrastructure over time. Introducing the LYRA token is an important milestone on this journey as we move toward community ownership. Innovation across the board was certainly lacking towards the end of the last cycle but now, the old adage of bear markets are for building, couldnt be more true with the Avalon upgrade. Lyra Finance is a decentralized options trading platform built on Optimism. This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 20+ liquidity sources on Polygon and on Optimistic Ethereum. Token Ethereum Optimism. Lyra is built on Optimism, so you get sub-second transaction times, cheap fees and a great user experience. Read more: https://t.co/UAXmRdOnX5. 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. Join the Lyra community on Discord to get involved; provide early feedback, be the first to learn about new opportunities with Lyra, and be a part of building the future of DeFi. Introduction:Were excited to launch a new trading competition around the price outcomes of The Merge with over $30,000 (in OP) in prizes. Avalon will allow users to partially collateralize their shorts, greatly improving capital efficiency. Staking rewards. What I love most is that Lyra makes it super simple to do this and uses visual aids to make the process accessible to anyone despite their experience. First, ensure a meaningful token distribution to help decentralise ownership and control. The protocol makes it favourable for LPs to deposit their sUSD into Lyra by allowing them to earn a proportional trading fee to their share of the pool. For all good AMMs, we need liquidity providers (LPs) to come to the pool/vault and deposit tokens in that allow others to trade in and out. Introduction:Were excited to launch a new trading competition around the price outcomes of The Merge with over $30,000 (in OP) in prizes. Lyra is an open protocol for trading options built on Ethereum. If you have any questions about the Optimism regenesis please dont hesitate to reach out in the Lyra discord. So, when using certain options vault protocols always ask who your counterparty is and if you have an edge over them, Ill leave the rest up to you to discover. To learn more about 1inch, visit 1inch.io, follow 1inch on Twitter and join their community on Discord. They grant huge asymmetrical opportunities with regard to long-term investing. LYRA to EUR Chart LYRA to EUR rate today is 0.131661 and has increased 4.9% from 0.125551 since yesterday. The total available supply of Still on the fence with AMMs and OVs? Stay tuned for more important updates, key date announcements, and exciting opportunities by following us on Twitter. Hop also plans to support sUSD in the future. For example, a $1400 ETH would yield around $96.36 profit. Socials. Our ignition traders have stepped up with $20m of volume flowing through the protocol last week. The total available supply of Lyra Finance is 185.44M LYRA with a maximum supply of 1.00B LYRA. We update our LYRA to USD price in real-time. So, to recap everything I have just said: crypto options are underutilised and undervalued in comparison to the relative traditional market. These users deposits then allow traders looking to buy calls and puts to utilise the liquidity placed in each specific vault to speculate, hedge or take some risk off the table. Lets take a look at a few that stand out: Why this is useful Knowing that you can add and remove at will is much greater than having a lock-up period, in my opinion, that is an obvious upgrade. https:// app.lyra.finance. You have purchased the option for $380.29. There are a number of reasons people would want to use this basic strategy. I love to think about these protocols in 10 years time and think about where they could be and laugh at the current opportunities that present themselves. Kinda sad I just gave up this for free oh well go check them out. Freely allows LPs to add or remove their positions with a small cool down for withdrawals. Portfolio Trade Competition Vaults Rewards. Disclaimer: This isnt to shit on OVs, I think they have their place in this space but there are a few pros and cons compared to an AMM. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. Lyra is an open protocol for trading options built on Ethereum. So you are still up on your spot bag and overall in profit during highly volatile market events. Lyra Finance can be traded across 5 different markets and is most actively traded in Velodrome Finance . If you are still in the dark about how options work, we created a full beginners guide which you can read HERE. Introduction:Were excited to launch a new trading competition around the price outcomes of The Merge with over $30,000 (in OP) in prizes. As you can probably tell I like Lyra, a lot. There is more to be said about the large Synthetix presence on Lyra too which I will get into further below. That is your break-even price, anything above is your profit. The process of acquiring sUSD and synths from external exchanges is cumbersome and requires multiple steps: This adds a lot of friction / overhead to the onboarding process: traders have to execute transactions on three separate tools (the gateway, uniswap and synthetix) to start trading. Lyra is an options trading platform that was built natively for Layer 2 Ethereum, accessing the scalability and performance of rollup technology with the security and composability of the Ethereum network. The LYRA token just went through the LEAP-26 governance vote which sees it get its own facelift along with the protocol. The Lyra dApp and contracts will be paused at 1am PT 11/11 and restart at 7pm PT 11/11 after regenesis. How to trade on Lyra Walkthrough video guide Step 1: Add Optimistic Ethereum to your wallet Lyra is the first project built natively for OE. Ideally, the team would like to get to 12 months out with over 100 strikes and expirations which is obviously great. xLYRA Will be non-transferable, Decays linearly with time similar to how you see veCRV and CRV decay. The work required to implement v1 of the Lyra Protocol has been completed and is viewable here. This is supply and demand driven much like any market which in turn sets the price. Being able to see strikes that are further out in creates user retention. As protocols continue to migrate to Optimism, we will be investigating other sustainable methods for long term liquidity management. As mentioned above, in traditional markets this is roughly even. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. We live in a simulation so the most likely outcome is of course $420 profit at $2,000 ETH on the 16th of September (blaze it). Technical Specification 1. Liquidity is a real sticking point, particularly for on-chain options. If we work backwards and look at what the traditional markets tell us about the relationship between options and derivatives activity, we can kinda forecast where the crypto/DeFi options space will end up. 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