It’s an *option* on BTC with 5 year expiry and 500k strike. The premium is the lost interest due to lending at 0%.
I’m too lazy to do the math on whether it’s a good deal or not, but the headlines misinterpret this deal a lot. It’s a pretty cool trade you can’t make elsewhere.
People ask: “why vaults, I can do it myself with better pricing”.
No you cannot.
@derivexyz vaults just executed 4315 x $2600 weekly covered calls at average prices ranging between $9.6 and $9.9 (Deribit best bid $9.4 for reference) 🔥
Huge week for LRT yield farmers 🧑🌾
Telonic retweeted
Lyra brings Real Yield to EigenLayer ⚡️⛈️🌪️
Deposit $weETH or $rswETH to earn:
+ $EIGEN
+ 10-50% APY
+ ETH Staking Rewards
+ 3x @ether_fi Points + 3x $LDX or
+ 4.5x @swellnetworkio Pearls + 4.5x $LDX
Deposit now → lyra.finance/yield
Wanna make a risk-free bet that ETH recovers and hits $4150 in a week?
It does? You make $50. It doesn't? Nw @lyrafinance got it covered.
Look at this spready boi - buy 4100 Call and sell 4150 Call. ZERO margin required. LYRA rewards 100% cover your costs. Free real estate.
Telonic retweeted
Hello, capital efficiency - we've been expecting you 👋
Do you trade option spreads but dread each leg being margined in isolation? Multi-leg option strategies on V2 mean you'll never post a penny of excess collateral.
Telonic retweeted
It’s time to share our vision for Lyra V2. ❇️
A self-custodial, modular, performant stack for on-chain derivatives trading.
mirror.xyz/lyra.eth/JRj-8JIn…
Telonic retweeted
Upgraded trading on @optimismFND is now live!
We’ve relaunched our OP deploy with a new AMM that:
📊 Increases the portion fees directed to LPs
💱 Can access 40+ new markets on @synthetix
🪙 Uses USDC to trade and LP
Learn more: blog.lyra.finance/upgrading-…
Telonic retweeted
Lyra is now live on @Arbitrum, integrating with @GMX_IO 💚
Get started 👉 app.lyra.finance?utm_source=…
Telonic retweeted
LEAP-36 has been proposed to the @lyrafinance council for voting.
Partial cash collateralization for short options is a major upgrade to the Lyra AMM that improves capital efficiency, lowers spreads and unlocks new modularity for the system.
leaps.lyra.finance/leaps/lea…
Telonic retweeted
Calling all traders 🏅
You’re invited to the Lyra ‘Trade The Merge’ options trading competition with over $30,000 in $OP prizes.
📈 or 📉? Put those merge theories to the test.
Read more: blog.lyra.finance/trade-the-…
Telonic retweeted
What's the cost of Market Making to Liquidity Providers (LPs)? In a new paper with @ciamac @Tim_Roughgarden @AnthonyLeeZhang we propose a quantitative and rigorous answer: LVR ("loss versus rebalancing," pronounced "lever"): moallemi.com/ciamac/papers/l… Details 👇 1/n
Telonic retweeted
GM from Paris with @fitzeth and @codyadam_
Come find us if you want talk @lyrafinance, DeFi options or just hang out
🫡
8. But this is only one piece of a “DeFi options adoptions puzzle”, few other ones include: (1) superior trading product/exchange experience, (2) superior market making capabilities/liquidity
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