Lyra, a decentralized options protocol, will launch a test net | NFT News

Lyra, a decentralized options protocol, will launch a test network in June

Lyra, the decentralized options protocol, will launch a test network in June, according to official sources. The core network will launch in the third quarter and the v2 version in the fourth quarter.

With Lyra, automatic add-on LP hedging can be implemented, and long and short option positions can be traded instantly. Lyra uses the Optimism extension solution and integrates with Synthetix.

Options are an integral part of the financial system, allowing traders to manage risk, leverage and build any payout structure. However, despite DeFi's recent growth, they have yet to find real growth online.

Lyra combines the best of the traditional options market (proven pricing and risk management) with two of the greatest strengths of cryptocurrency at the moment - scalability and linkability.