Stay tuned for more important updates, key date announcements, and exciting opportunities by following us on Twitter. 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 is an open protocol for trading options built on Ethereum.
#Optimism token how to#
We will be releasing a guide on how to bridge when we launch the token. The Lyra DAO will seed liquidity on Optimism and Ethereum Mainnet for this bridge and will seek to support additional bridging infrastructure over time. Lyra has partnered with Celer to make the LYRA token available on their cBridge, enabling fast transfers between Optimism and mainnet. With withdrawal periods currently at one week, we need a better solution for our users. While an Optimistic token launch enables far lower costs for users, we can’t make the assumption that all users wish to stay on Optimism.
MaxPrice: infinity Bridging LYRA to Mainnet As protocols continue to migrate to Optimism, we will be investigating other sustainable methods for long term liquidity management.
#Optimism token full#
This program will incentivise full range liquidity to minimise the chance of exploits that have recently affected other protocols. Lyra will commence a one-month liquidity mining program for the LYRA/ETH pair on Optimistic Uniswap. SM stakers will claim their LYRA on L1.Ī successful token launch requires a liquid market. Lyra’s Security Module lives on L1, to help protect the protocol against the platform risk of Optimism which is still in its infancy. We start with a breakdown of the 64m LYRA that will be available to claim on Optimism. On Tuesday the 14th of December at 00:00 UTC, 67m LYRA will be available to claim. Launching LYRA to Optimistic EthereumĪfter our most engaged community governance process to date, LEAP-12 was passed by the Lyra Council yesterday, giving the green light for an Optimistic launch. Over the coming weeks, more information will be released about this novel mechanism. 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. LYRA stakers will also have access to a LYRA denominated interest rate on their liquidity pool funds and short options collateral. 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. The vision for the LYRA token stretches much further than this though. Bootstrapping the network through trading and liquidity incentives.Securing the platform as collateral in the Security Module.Governing the protocol via election of the Lyra Council.Initially, LYRA will have three use cases: Introducing the LYRA token is an important milestone on this journey as we move toward community ownership. Lyra’s mission is to be an open, community owned protocol for trading options. Now it’s time to put LYRA into the hands of the community, but first, let’s go through the purpose of the LYRA token. Last week, we gave back to everyone who’s helped us along the way, our discord community, liquidity providers and traders. This has been a huge effort from the Lyra team, but we didn’t do it alone. Our ignition traders have stepped up with $20m of volume flowing through the protocol last week. Lyra’s Ignition phase has been an overwhelming success, migrating over $200m liquidity to Optimism and kickstarting the era of L2 native DeFi. 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. 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.
0 kommentar(er)
