Lyra Finance

Lyra Finance is a decentralized options trading protocol that provides automated market making for crypto options. Originally built on Optimism, Lyra now operates on its own Ethereum L2 chain called the Lyra Chain. The protocol uses the Black-Scholes model for options pricing and offers an automated market maker specifically designed for options liquidity. Lyra supports options on ETH, BTC, and other assets with features including delta hedging for LPs, portfolio margining, and composability ...

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