VELO is Tokenized Liquidity
I shared this mental model for thinking about the Velodrome flywheel with some early veVELO holders and a lot of them found it useful so I’ve collected the discord messages here in the hopes that a broader audience might find it helpful too. VELO is tokenized liquidity, or put another way - its a marketplace for buying and selling liquidity. In this marketplace veVELO voters act as the buyers and liquidity providers (LPs) act as the sellers. This essentially makes the price of VELO the fair m...
VELO is Tokenized Liquidity
I shared this mental model for thinking about the Velodrome flywheel with some early veVELO holders and a lot of them found it useful so I’ve collected the discord messages here in the hopes that a broader audience might find it helpful too. VELO is tokenized liquidity, or put another way - its a marketplace for buying and selling liquidity. In this marketplace veVELO voters act as the buyers and liquidity providers (LPs) act as the sellers. This essentially makes the price of VELO the fair m...
Long Gamma & Vega - Looking at Lyra’s AMM During Recent Price Action
If you hang around the Lyra Discord long enough you’ll probably hear someone say “The AMM is long gamma and vega” and while this might be a technically correct answer to your question it probably leaves you with more questions with than you started with. Today we’re going to break this concept down with examples in the hopes that everyone will come away with a better understanding of what the AMM is and isn’t hedging and how being long gamma and vega affects the Market Maker Vault exposure.It...
Long Gamma & Vega - Looking at Lyra’s AMM During Recent Price Action
If you hang around the Lyra Discord long enough you’ll probably hear someone say “The AMM is long gamma and vega” and while this might be a technically correct answer to your question it probably leaves you with more questions with than you started with. Today we’re going to break this concept down with examples in the hopes that everyone will come away with a better understanding of what the AMM is and isn’t hedging and how being long gamma and vega affects the Market Maker Vault exposure.It...
Surviving the Bear Market - Position Sizing
Warren Buffet once said “Only when the tide goes out do you see who has been swimming naked” but he unfortunately didn’t explain any good techniques for keeping your pants on when prices are dumping. Today we’ll pick up where Buffet left off and go over a systematic approach to sizing our trades to prevent these bear market losses from bankrupting us. If the number one rule of trading is to survive then we can increase our chances of survival by sizing our trades small enough that no one posi...
Surviving the Bear Market - Position Sizing
Warren Buffet once said “Only when the tide goes out do you see who has been swimming naked” but he unfortunately didn’t explain any good techniques for keeping your pants on when prices are dumping. Today we’ll pick up where Buffet left off and go over a systematic approach to sizing our trades to prevent these bear market losses from bankrupting us. If the number one rule of trading is to survive then we can increase our chances of survival by sizing our trades small enough that no one posi...
The Short Put #7, July 15th
Summary:📊 Lyra Weekly Stats📞 Community Call #11🏦 Avalon LP Update⏰ Migration Reminder🦔 dHEDGE Adding Lyra as a Manager Integration🧱 Options & Capital Efficiency📊 Lyra Weekly StatsTraders: Total Notional Volume: $11.1 Million Traders: 336 Trades: 1719 Liquidity Providers: ETH Market Maker Vault TVL: $2.84 Million ETH Pool Utilization: 73.9% ETH Pool P&L: 0.359 (18.66% annualized)📞 Community Call #11Notes from the community call #11Earlier last week Lyra had its latest community call. Yo...
The Short Put #7, July 15th
Summary:📊 Lyra Weekly Stats📞 Community Call #11🏦 Avalon LP Update⏰ Migration Reminder🦔 dHEDGE Adding Lyra as a Manager Integration🧱 Options & Capital Efficiency📊 Lyra Weekly StatsTraders: Total Notional Volume: $11.1 Million Traders: 336 Trades: 1719 Liquidity Providers: ETH Market Maker Vault TVL: $2.84 Million ETH Pool Utilization: 73.9% ETH Pool P&L: 0.359 (18.66% annualized)📞 Community Call #11Notes from the community call #11Earlier last week Lyra had its latest community call. Yo...
The Volatility Engine Heats Up During Crypto Winter - The Short Put #5, June 15th
Summary:📊 Lyra Weekly Stats 🥕 Optimism Incentives Update 🥩 Avalon xLYRA Tokenomics Update 📝 Grants DAO Summary ♣️ Lyra’s Poker Tournament Results 🖥 Token Terminal Listing ⚔️ Synthetix Ecosystem Updates📊 Lyra Weekly Stats:7d Notional Volume: $4,469,573 → $19,560,453 +437% in the last two weeks. 7d Premium Volume: $99,644 → $796,712 +799% in the last two weeks. 30d Active Traders: 1,927 → 835 -67% in the last two weeks. Average Notional Volume by Trader: $97,461 Average Premium by Trader:...
The Volatility Engine Heats Up During Crypto Winter - The Short Put #5, June 15th
Summary:📊 Lyra Weekly Stats 🥕 Optimism Incentives Update 🥩 Avalon xLYRA Tokenomics Update 📝 Grants DAO Summary ♣️ Lyra’s Poker Tournament Results 🖥 Token Terminal Listing ⚔️ Synthetix Ecosystem Updates📊 Lyra Weekly Stats:7d Notional Volume: $4,469,573 → $19,560,453 +437% in the last two weeks. 7d Premium Volume: $99,644 → $796,712 +799% in the last two weeks. 30d Active Traders: 1,927 → 835 -67% in the last two weeks. Average Notional Volume by Trader: $97,461 Average Premium by Trader:...
