Lyra Finance has introduced a new feature that allows holders of liquid restaking tokens (LRT) to generate additional yield using automated trading strategies.

This partnership with Swell Network and Ether.Fi will help users earn a higher annualized percentage yield compared to traditional finance options like U.S. treasuries. With this new product, holders of rswETH and eETH tokens can earn between 10% to 50% yield.

#lyra #lyrafinance #MicroStrategy #CryptoWatchMay2024 #buythedip

Lyra is partnering with Ethena Labs to offer a new product that allows users to earn 2.5x returns on their sUSDe yield if the price of ETH goes up, while preserving their initial investment if the price stays flat.

#lyra #lyrafinance #EthenaENA #EthenaLabs $ENA #BTC_Bounce_Back_to_57k

Lyra Finance, a decentralized protocol for trading options on Ethereum, recently announced that it is going modular. They are upgrading Lyra Chain, powered by the Optimism OP Stack and Celestia.

#lyra #tia #celestia #Optimism

1. Lyra V2, an options protocol, has constructed a dedicated chain on Optimism's OP Stack.

2. The custom chain aims to deliver swift transaction speeds and executions.

3. It prioritizes maintaining complete self-custody, securing all funds and financial operations on-chain.

4. This development significantly enhances options trading efficiency and security within Lyra V2.

5. Users can expect improved capabilities and heightened performance on the platform.

6. The advancements contribute to a more efficient and secure options trading process.

7. Lyra V2's move to Optimism's OP Stack aligns with the platform's goal of attracting a broader user base.

8. The initiative is anticipated to foster increased adoption due to its enhanced functionalities.

9. Its impact extends to bolstering the decentralized finance (DeFi) ecosystem's growth.

10. Overall, the implementation reflects a strategic leap towards improved performance, user engagement, and fortification of DeFi's infrastructure.

#lyra #Optimism