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

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

#Write2Earn 💰 Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options #Marketplace Lyra

There is a one-in-five chance of bitcoin (#BTC ) crossing $70,000 by the end of April, according to options data from decentralized marketplace #lyra Finance. "Lyra’s markets are implying a roughly 20% chance of bitcoin hitting fresh all-time highs (trading higher than $70,000) by April 26," Nick Forster, Lyra's founder and former Wall Street options trader, told CoinDesk in an interview.

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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

As per Lyra, the deployment of a greatly capital-efficient version on Optimism would be focused on offering liquid and competitive option markets.

#USDC #lyra #SNX #OP #synthetix

https://blockchainreporter.net/lyra-announces-enhanced-protocol-version-on-optimism-for-upgraded-trading/

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