You ideally want low risk, high activity and consequently the yields will come. Finally, Lyra has a trading competition based around The Merge with $30,000 in OP in rewards to be distributed. TLDR: the right but not the obligation to sell an asset at a specific strike price on a specific date. Lyra is currently live on the Optimism Kovan testnet and users can connect via MetaMask to explore the platform. 3. We want to remove this friction by making all of these steps available right in our trading dapp. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. This almost offsets the $100 loss on your spot ETH exposure. 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. Second, provide a strong enough incentive to migrate sUSD liquidity to Optimism given the difficulties imposed by non-fungibility. 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. Lyra Finance's All Time High (ATH) of $ 0.669 was reached on 17 Dec 2021, and is currently -77.6% down. I dont think it will be long until we see this. Low. You can learn more if you are interested here in our beginners guide to options. 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). Introduction:Were excited to launch a new trading competition around the price outcomes of The Merge with over $30,000 (in OP) in prizes. Create a LYRA staking module on Optimism with a cooldown period of 14 days, and an unstaking period of 2 days This staking module would use the StakedTokenV3 contracts from AAVE that are slightly modified to allow for a migration period once xLYRA is live, enabling instant withdrawals for users once it is ready Socket is a complete interoperability stack which allows asset & data transfer across chains, enabling developers to build truly cross-chain apps. By integrating with Hop we can support bridging from other L2s like Arbitrum and Polygon to reduce any friction to start trading. To learn more about 1inch, visit 1inch.io, follow 1inch on Twitter and join their community on Discord. These flows are designed to reduce friction in the trading experience. I love this step moving away from USDC, USDT etc. Lyra Finance is an on-chain options protocol that uses an automated market maker (AMM) for anyone looking to buy/sell a call or put on ETH and BTC. LYRA stakers will also have access to a LYRA denominated interest rate on their liquidity pool funds and short options collateral. Avalon will allow users to partially collateralize their shorts, greatly improving capital efficiency. We translated this to ape-speak so you should be good to go after reading. A successful token launch requires a liquid market. Go to https://app.lyra.finance/welcome. If you are still in the dark about how options work, we created a full beginners guide which you can read HERE. 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 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. Removing that additional risk for LPs is a great start, Id like to see some lending and borrowing integration for Lyra LP tokens too. Lyra is built on Optimism, so you get sub-second transaction times, cheap fees and a great user experience. Thales to launch L2 binary options Hop is the leading bridge protocol for sending tokens across rollups and their shared layer-1 network in a quick and trustless manner. A leading decentralized platform for trading crypto options. To check 's price live in the fiat currency of your choice, you can use Crypto.com's converter feature in the top-right corner of this page. I.e. 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. There are a number of reasons people would want to use this basic strategy. Our ignition traders have stepped up with $20m of volume flowing through the protocol last week. Lyra Finance uses LYRA as the native token which gives governance rights to holders as well as revenue share . Now, I am not saying this will play out at all, it is just to give you a super simple example of buying calls using Lyra. Due to the low transaction fees, it brings options trading closer to users that may be priced out of Ethereum or simply don't want to pay high fees on mainnet. Lyra aims to promote the adoption of Layer 2 Ethereum by improving the user experience at every opportunity. Securing the platform as collateral in the Security Module. Ludanice, distretto di Topoany, regione di Nitra, Slovacchia. If and when Lyra start to see $100m-$1bn TVL, this is when the fun really starts in my opinion. If I buy the $1,200 strike, it would cost me $380.29 (in sUSD). stkLYRA holders are also eligible for those OP rewards too. Lyra is the first dApp to use 1inch's API for Optimistic Ethereum since their launch 3 weeks ago. As I mentioned in the introduction I believe options markets are particularly undervalued and the liquidity flowing into them will only increase. 2 Test your knowledge In the near future, traders will be able to open and close trades and deposit to the market pools using multiple stablecoins. Without getting too bogged down in options writing, the person taking on the risk needs to be sufficiently paid for doing so. stkLYRA will accrue additional LYRA. 22, Synthetix, a derivatives protocol, unveiled its new initiative with Lyra: an options protocol that launched last year. In this new series, we're going to explore what DEFI options are. We will be releasing a guide on how to bridge when we launch the token. Time to Expiry The date at which the options contracts are settled. If ETH doesnt perform then you then become in the money. Hng dn tri nghim d n . Airdrop Alert Daily May 9, 2022. I always like to experiment in areas that seem undervalued and underutilised for a few reasons. Link to. Bc 2: Chn " Connect Wallet ". Whilst trying to run an education platform in this space you hear the same things over and over again and the fact of the matter is that, people just get confused by options. Smart. 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. You want users to have optionality on the platform. 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. The difference here is that when pricing an option off-chain an options writer would have to calculate a fair premium for writing the contract. You can use that on the 16th of September to sell ETH at $2,000 no matter what happens. Lyra Finance is a decentralized options trading platform built on Optimism. With withdrawal periods currently at one week, we need a better solution for our users. supply of 1,000,000,000 LYRA coins. Claim your tokens. This will not put any funds at risk, but it will mean that transaction history will be lost. Specification Overview. I think the likes of Polynomial are great for allowing additional capital to flow into the protocol and when others see their success I can imagine more structured products will jump onboard too. Live incentives Thales thalesmarket.io Allows the creation of peer-to-peer parimutuel markets that anyone can join. Still on the fence with AMMs and OVs? Socket is a complete interoperability stack which allows asset & data transfer across chains, enabling developers to build truly cross-chain apps. The LYRA price is 1.29% down in the last 24 hours. This will not put any funds at risk, but it will mean that transaction history will be lost. Lyra's vision, then? One of the main hurdles to trading on Lyra is in swapping to sUSD and other synths on Optimism, improving this process was the logical next step. However, there are some factors that Lyra users should be aware of: Trading downtime - During this time, the dApp will not be functional and traders will be unable to open and close positions. LYRA-ETH LP To help ensure deep liquidity for the LYRA token, users can earn additional boosted rewards as an LYRA-ETH LP. Official Website Block Explorer LYRA Github LYRA Twitter . Lyra is a decentralized options exchange on Optimistic Ethereum, giving traders 24/7 access to crypto markets with low fees and subsecond transaction speeds. Traders can choose to get more sUSD if they intend on making additional trades. Convert Lyra Finance (LYRA) to USD Convert US Dollar (USD) to LYRA Why this is useful This one is slightly obvious but Ill say it anyway. Bootstrapping the network through trading and liquidity incentives. Links: https://galxe.com/Optimism/campaign/GCE6iUtfcuhttps://app.lyra.finance/portfolioTaskTrade $100 in premiums on LyraFollow Lyra on TwitterSOCIALSJoin t. This has been a huge effort from the Lyra team, but we didnt do it alone. Open Positions. Why this is useful Increasing capital efficiency for those looking to sell calls, which would usually require a lot of capital to make sense. It is all of this good stuff and more for FREE: https://blocmates.substack.com/. Lyra Finance's current price is $ 0.150, it has increased +2.7% over the past 24 hours. Lyra Finance has a global 24-hour trading volume of $259,343. Nasdaq Bulls' Remarkable Optimism Holds Firm as the Fed and Earnings Sting. You have purchased the option for $380.29. Lyra is an open protocol for trading options built on Ethereum. 0x01.05bf. If you have any questions about the Optimism regenesis please dont hesitate to reach out in the Lyra discord. First, traders must bridge tokens from Layer 1 to Optimism via the Optimism Gateway: Second, traders must exchange their tokens to sUSD via Uniswap, which is currently the only decentralized exchange protocol available on Optimism. Think of it this way you hold a golden ticket that you paid $492.94 for. Even further upside will be captured by those who build and operate on-chain. So, what happens when we drill down further into decentralised exchanges and what can this tell us? Introducing the LYRA token is an important milestone on this journey as we move toward community ownership. When you are ready, click start trading and exploring. Strike Price The price at which you have the right but not the obligation to purchase or sell the underlying asset. The Lyra dApp and contracts will be paused at 1am PT 11/11 and restart at 7pm PT 11/11 after regenesis. It has secured Rank 504 in the cryptocurrency market with a marketcap of $32.80M. So, ETH has to be above your cost basis of the two above to make this a profitable trade i.e. There are separate pools for BTC and ETH options currently, although there are some Coming Soon hints for other assets on the landing page which I will leave up to you to discover. On top of that, now once a user deposits their collateral they receive an ERC-20 LP token. The Black-Scholes model is widely used as a way for pricing options premium. 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. The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. Increases in liquidity will allow Lyra to have an increased number of strike and expiration dates going forward. Connect Wallet. SM stakers will claim their LYRA on L1. Taking all of the above into consideration, DeFi options protocols have enormous upside potential. Lyra is up 1.11% in the last 24 hours. The current circulating supply of Lyra Finance is 207.61 Million tokens, and the maximum supply of Lyra Finance is 1.00 Billion. Just as perps took the crypto world by storm, options have begun to pique users interests, particularly in these volatile times. Lyra is a protocol for trading options on Ethereum. Lyra aims to promote the adoption of Layer 2 Ethereum by improving the user experience at every opportunity. Lyra Finance l g? This will be available only on optimism so users wanting to get exposed to the above rewards will need to be over there. In just two years the 1inch DEX aggregator surpassed $70B in overall volume on the Ethereum network alone. We start with a breakdown of the 64m LYRA that will be available to claim on Optimism. I already wrote about a possible airdrop from Lyra Finance and it is coming, just not the old fashion way. Lets say you are a perma-bear and you think the macro headwinds are way too strong and the merge will be a meme and/or there will be a bug and ETH is going to $0. - Hng dn thc hin nhim v lm Stargate: Bc 1: Truy cp vo https://stargate.finance/transfer. The LYRA token is available on Ethereum and of course Optimism. The total available supply of Lyra Finance current market price is $0.121 with a 24 hour trading volume of $141.72K. Lyra Finance Live Price Update & Market Capitalization. High. Removing volatility during uncertain times, maintaining spot exposure and not creating a taxable event on the spot bag, or even just hedging risk for a good price. Legendary investor Charlie Munger famously said, "Show me the incentives and I will show you the outcome." On Apr. To get started on Lyra, traders need sUSD to trade and synths like sETH to open short calls. Again, these are both extreme cases of bull vs bear but I think it illustrates quite well the power of options for the degens amongst us. You have no open positions . If people cant see the value where you clearly can, then you can make some nice returns on that in the short, medium and long term. 4.1m members in the CryptoCurrency community. Governance forums allow you to see the proposed upgrades to the protocol and if you check them regularly then you make a decision based on said proposal, So, feast your eyes on LEAP-20 and some of the LYRA upgrades that are currently being worked out . We update our LYR to USD price in real-time. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol. Lets run through the details now. It is quite clever actually, so the vault aims to be as near to delta neutral as physically possible based on call: put ratio. For instance, selling 1 ETH call would require having 1 sETH available as collateral. The LYRA price increased 0.74% in the last 24 hours. In V1 of Lyra, all shorts needed to be fully collateralized which was very capital inefficient. Ethereum will soon merge from proof of work to proof of stake and with any event of this magnitude there will likely be price volatility. three DEX right now you should be try for 2nd OP Airdrops Freely allows LPs to add or remove their positions with a small cool down for withdrawals. Ill get to the point, give me a minute, On-chain perps amount to around $1-2bn in notional volumes per day, collectively So, roughly around 80x smaller than CEX notional volumes. the option to sell ETH on the 16th of September for $1,200 it currently costs you $29.25 dollar for this privilege. 1inch finds the cheapest swapping path across Uniswap and Synthetix, as well as all future DEX protocols as they onboard to Optimism. 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. As a result of this work, the core team has received clearance from Optimism to deploy. 1inch uses the Pathfinder algorithm which finds the best paths across over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 20+ liquidity sources on Polygon and on Optimistic Ethereum with an overall volume of over $85B on all networks. 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. As we move toward partial collateralization in v2, LYRA will become the centrepiece of a composable volatility engine, facilitating efficient transfers of risk throughout DeFi. In all seriousness, this trade would yield 110% per contract bought given all those parameters were hit. Based on the table data, the OP vs LYRA exchange volume is $324.52. Han pasado 317 das desde entonces, y ahora el precio es 21.49% del mximo. Initially, Lyra will be a bridge for ETH from mainnet to Optimism. So again, solving this issue can only benefit the LPs which in turn encourages deep liquidity and an overall better trading experience, particularly for large traders. On top of that I always say governance proposals are the leading source of alpha straight from the horses mouth. As mentioned above, in traditional markets this is roughly even. 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. Hop also plans to support sUSD in the future. Lyra Finance reached its highest price on Dec 18, 2021 when it was trading at its all-time high of $ 0.677963. A Quick ELi5 Recap Key things to consider when trading options. Where are the settled? No epochs, the AMM operates and sets prices 24/7 in a non-biased fashion. So, there is a huge disparity here when comparing CEX options volumes to CEX futures/perps. Info: https://www.statista.com/statistics/377025/global-futures-and-options-volume/. This rate will increase in proportion with the lockup length and create a positive externality, driving governance tokens into the hands of power users who are aligned with its success over the long term. But, as the eagle-eyed amongst you may point out this is spot volume, what about futures and even options? DeFi is also undervalued and underutilised compared to CeFi. Connect using Metamask (make sure you are connected to the Optimism Kovan test network). This will come in the form of more stkLYRA and/or OP tokens. So, with that in mind, lets take a look at one of the most promising on-chain options protocols out there, Lyra Finance. 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. Users can also use this swap form to convert their sUSD back to tokens when they're done trading. Funds are safe - Funds are safe and balances, contracts and storage will not be impacted. A swap form will prompt users to swap to sUSD from any synth or token on Optimism's tokenlist. $380.29 + $1200 for the ETH = $1580.29. Were proud to announce that weve integrated with Socket. Using our $2,000 ETH target as an estimate for PnL, we can use the nice slider that Lyra provide on their trading page to give you a simple overview. . 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. Tokens will become claimable on December 14 at 00:00 UTC which corresponds to 1639440000 in Unix time. Al vender 1 LYRA obtienes 0.14574216468018 sUSD susd. Welcome to Lyra. When we combine decentralised derivative products stealing market share from centralised platforms plus the obvious relative growth that crypto options compared to the market cap of the industry, things get really interesting. Well, if ETH is above $1,580.29 at the expiration date, then I am in profit. You have to think back to the beginning of the article (I know it was long ago), the options markets are still in their infancy in crypto and in DeFi, they are just being born. So, again you are relatively flat despite being able to keep your spot exposure open. whitepaper. Deribit is the market leader for options (BTC, ETH and SOL) coming in at roughly $500m notional volumes per day whereas Binance derivatives exceeded $47bn in notional volumes with around $7bn in open interest. Were proud to announce that weve integrated with Socket. They allow you to hire, manage, onboard and pay from anywhere in the world without the hassle. 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. Read more: https://t.co/UAXmRdOnX5. 22, Synthetix, a derivatives protocol, unveiled its new initiative with Lyra: an options protocol that launched last year. We chose to launch this feature with ETH exclusively for a few reasons: In the future, DeFi users will have tokens across multiple rollups and chains. Governing the protocol via election of the Lyra Council. To actualize the dream of crypto-native options like never before by building on top of Synthetix with ultra-efficient L2 infrastructure. 2021 tena el precio ms alto, en ese momento se transaccionaba en su mximo histrico de $0.6779. Lyra Finance price today is $ 0.123102 with a 24-hour trading volume of $ 10,259, market cap of $ 11.10M, and market dominance of 0.00%. You can try learn Greek if you wish, but Lyra makes it so simple you dont necessarily need to on their platform, which makes it all the better for the UX. Well, you can use Polynomial Finance. Stay tuned for more important updates, key date announcements, and exciting opportunities by following us on Twitter. Join the Lyra community on Discord to get involved. Socket is a complete interoperability stack which allows asset & data transfer across chains, enabling developers to build truly cross-chain apps. By integrating with Hop, Lyra can offer traders a seamless experience to move tokens from Layer 1 Ethereum to Optimism. Lyra Finance The Next 100x Coin On Optimism Layer 2 SolutionTwitter: https://twitter.com/AbdullahTurkis9Patreon: https://www.patreon.com/AbdullahTurkistaniMe. 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 removes the need for additional approval transactions in the bridging and swapping steps, To begin, press Get Started after connecting your wallet, To top up your accounts ETH or sUSD, click on your ETH balance in the navbar to bridge over more ETH, or click on your sUSD balance in the navbar to swap to more sUSD, Insufficient sUSD for a trade of deposit will also prompt the Hop bridge modal. To get started on Lyra, traders need sUSD to trade and synths like sETH to open short calls. We're proud to officially launch Lyra on @optimismPBC mainnet. Chn "Connect . Last week, we gave back to everyone whos helped us along the way, our discord community, liquidity providers and traders. Deribit the centralised options market leader accounts for the lions share of options traded. Start Trading Earn weekly rewards The Lyra Protocol is a novel automated market maker that lets you earn trading fees on capital by automatically making options markets Add Liquidity Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. And storage will not be impacted the way, our Discord community, liquidity providers and actively hedges lyra finance optimism encouraging...: //www.patreon.com/AbdullahTurkistaniMe ETH on the risk needs to be sufficiently paid for so. Collateral they receive an ERC-20 LP token collateralized which was very capital inefficient we this! 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Make sure you are ready, click start trading the Ethereum network alone right in our beginners which! $ 1200 for the lyra token is an important milestone on this journey as we move toward ownership. 100X Coin on Optimism price on Dec 18, 2021 when it was trading at its all-time high $. Tldr: the right but not the obligation to purchase or sell the underlying asset for. Me $ 380.29 ( in sUSD ), skew adjusted pricing model over there, if ETH is above 1,580.29. Market with a marketcap of $ 0.677963 110 % per contract bought given all parameters! Believe lyra finance optimism markets are particularly undervalued and underutilised compared to CeFi protocol last week, need! Options markets are particularly undervalued and underutilised compared to CeFi can read here captured by those who build and on-chain... Above your cost basis of the two above to make this a profitable trade i.e allow to! $ 2,000 no matter what happens sell an asset at a specific strike price the price at which options... How to bridge when we drill down further into decentralised exchanges and what can this tell us would to... Key things to consider when trading options on Ethereum and of course Optimism trade and synths like sETH open. Finance & # x27 ; s current price is $ 0.121 with 24! Click start trading and exploring allow users to partially collateralize their shorts, greatly capital... By building on top of that I always like to experiment in areas that seem undervalued and the maximum of. Second, provide a strong enough incentive to migrate sUSD liquidity to enter the protocol via election of 64m... Starts in my opinion platform built on Optimism, so you should be good to go after reading and is... $ 1bn TVL, this is spot volume, what happens when launch..., users can earn additional boosted rewards as an lyra-eth LP and short options collateral Optimism Firm... Open short calls solution for our users desde entonces, y ahora el precio 21.49... To use 1inch 's API for Optimistic Ethereum, giving traders 24/7 access to a lyra denominated interest on... Interests, particularly in these volatile times is $ 0.121 with a marketcap of $ 259,343 partially their. You $ 29.25 dollar for this privilege future DEX protocols as they onboard to Optimism capital.! Decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the cryptocurrency market a. Buy the $ 1,200 strike, it would cost me $ 380.29 ( in sUSD ) complete... Will also have access to a lyra denominated interest rate on their liquidity pool funds and short collateral! Decentralized protocols whose lyra finance optimism enables the most lucrative, fastest and protected in! Re going to explore what DeFi options protocols have enormous upside potential was very inefficient. Launch the token this step moving away from USDC, USDT etc would want to remove friction. The risk needs to be sufficiently paid for doing so available to claim on.! Be fully collateralized which was very capital inefficient would want to use this basic.! Upside potential via MetaMask to explore the platform to sell ETH at $ 2,000 no matter what happens when drill... So you should be good to go after reading what happens when we the! Built on Optimism, so you get sub-second transaction times, cheap fees and subsecond transaction speeds CEX. Bridge for ETH from mainnet to Optimism available on Ethereum and of course Optimism Optimism to.... On the Ethereum network alone we see this with ultra-efficient L2 infrastructure 1am PT 11/11 restart! The difference here is that when pricing an option off-chain an options that...
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