The option protocol Lyra launches an incentive plan for the Avalon version

[Option Protocol Lyra Launches Incentive Plan for Avalon Version] According to news on August 4, the option protocol Lyra has launched an incentive plan for the Avalon version at 9:00 on August 3, Beijing time. Users can obtain stkLYRA by staking LYRA tokens. stkLYRA holders will be able to distribute the staking rewards of 15 million stkLYRA proportionally every year and increase the rewards of the market maker Vault. In addition, Lyra's liquidity providers will share 37,500 OP rewards in every 14-day cycle, and the reward amount will depend on the share of sUSD and the reward increase brought by stkLYRA.

Other news:

On-chain option protocol Pods has been launched on the Ethereum mainnet: On October 12th, the on-chain option protocol Pods announced that it has been launched on the Ethereum mainnet, and has opened an ETH that expires on November 26 with an exercise price of $3,200: USDC put options liquidity pool. Pods is an on-chain option protocol, with investors including Boost VC, Framework Ventures, P2P Capital, BitScale, Zeeprime, The LAO, etc. Pods includes two core components, Options Instrument and Options AMM, allowing users to create put options and call options, and trade them through a novel option AMM, which updates option prices with the Black-Scholes algorithm, and based on supply and demand Conditions automatically update the implied volatility programmatically. The Pods protocol runs on smart contracts powered by the Ethereum blockchain and can provide different exposures to users in DeFi. [2021/10/12 20:22:40]

Primitive on the Ethereum chain option protocol is developing the V2 version: According to official news, the Primitive option protocol on the Ethereum chain has announced that it has started the development of the V2 version, which is expected to be completed within 4 months and the official version will be released within 6 months. The content-ethexc of the protocol upgrade includes that the option AMM can reduce slippage by 100 times; upgrade the core option token under the permission mechanism to cancel the approval, thereby reducing the total gas expenditure of the user by at least 25%; use WETH to improve the ETH option trading experience. [2021/1/12 15:56:54]

On-chain options protocol Opyn released Opyn v2 version on the Ethereum mainnet: On-chain options protocol Opyn announced the release of Opyn v2 version on the Ethereum mainnet, including the DeFi options protocol Gamma protocol and the updated interface for options trading using the Gamma protocol. New functions and features include Improve margin utilization, currency options that are automatically exercised at maturity, call options without multipliers, cash-settled European options, allow yielding assets (such as cToken, aToken, yToken) to be used as collateral and earn income, no need Lightning option minting of collateral, operator functionality (allowing users to delegate control of their vaults to third-party smart contracts), settlement of option prices using oracles, and more.

The Gamma protocol has been audited by Open Zeplin, the audit report will be made public before December 31, 2020, and further security audits will be conducted in the coming months. Opyn has also launched a v2 bounty program with rewards of up to $100,000. Opyn v1 will continue to exist on the Ethereum network, providing a venue for physically settled options on ERC20 assets. [2020/12/30 16:04:42]