Options protocol Lyra has been launched on Arbitrum and opened the deposit function. Users can deposit $USDC into the ETH Market Maker Vault (MMV) in preparation for the upcoming Newport release. MMV allows liquidity providers to earn fees from transactions as well as stkLYRA rewards.
Additionally, the Lyra Council has allocated 30 million $LYRA/year or 1.15 million $LYRA/first two weeks to incentivize deposits, and trading and rewards will be live in approximately 48 hours.
