Lyra is a new type of automated automated market maker (AMM) for trading European-style options
The Automated Market Maker (AMM).
Lyra supports buying and selling European calls and puts with automatic cash settlement on ETH and BTC expiration. We will rapidly expand the range of supported assets to meet various DeFi ERC-20 needs.
Lyra's V1 is designed to hedge risk with Synthetix, which offers zero slippage, unlimited liquidity and an easy way to long/short. This is why Lyra chose to deploy to Optimism. Future versions of the protocol will be designed to ensure Lyra can be deployed on multiple L2s so that the protocol can exist wherever most users and liquidity end up
, Buy SNX tokens on binance or directly use cross-bridge transfer or exchange directly on Optimism.
Withdraw SNX to the ETH mainnet or transfer it to Optimism using the cross-link bridge for pledge
Go to the Lyra website and trade European options (the handling fee will be returned through token rewards)
Lyra allocates 3% (30,000,000 LYRA) to community incentives. These incentives are yet to be specified and will be allocated by the Council through the LEAP framework.
2% (20,000,000 LYRA) is allocated to SNX stakers. Specifically, those who stake SNX on Optimism. This provides a strong incentive for stakers to transfer and increase the supply of sUSD upon which Lyra's trading/LP functionality relies
Visit the official documentation for token distribution information.
Telegram Exchange Group：https://t.me/+SsqY1lMjllsyN2Y5
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