📊 Lyra Stats
💹 Lyra Community Call
🥕 Lyra Leap Update
🔙 Lyra Grants Retroactive OP Distribution
💻 Lyra Council Results
☄️ Lyra Workshop with Genesis Volatility
🦘 Ecosystem News
⚔️Trading Corner
🧵 Notable Lyra Tweets
November was a big month for Lyra as alot of stats hit All Time High (ATH)! 30d Notional Volume Hit an ATH of $98.7 Million. 30d Premiums hit an ATH of $~4.48million (almost twice the previous ATH).
30D Unique Traders hit an ATH in November with over 5,503 traders!
After some variance in returns the couple weeks, The ETH MMV has rebounded to +4.71% since its inception (June 28th, 2022) representing a monthly change of 23.6% (3.81% 30days ago).
The ETH Vault performance varied a bit during the volatility, but it recovered well. Over the last month it returned 6.69% (excluding inflationary incentives). The vaults have lost some TVL during the volatility, but this has translated into increased returns for those who have stuck around.
The 90-day performance annualized is 4.4%, annualized performance since inception is +10.7%. Depositors earn 10.79% rewards APY (boosted up to 21.6% for Lyra Stakers)
On November 10th, Lyra had their 12th Community Call on their discord. Checkout a great summary from The Lyra Short Put twitter account:
https://twitter.com/lyrashortput/status/1590864186623807488
A proposal to deploy Lyra on Arbitrum was just announced. Lyra will integrate with GMX as a source of liquidity to collateralize and delta hedge the AMM! Read this proposal here in LEAP-38
This leap will depreciate the SOL market on November 25th.
Vaults were fully utilized during this downfall, which validated a huge demand for Defi Options. Lyra hit 100% market utilization a few times during this. Lyra performed beautifully with no issues.
Fees generated by Lyra hit an ALL TIME HIGH with this volatility!
If the above chart doesn’t get you excited then take a peek at this one:
https://twitter.com/muir_eth/status/1592267466004393984
The Lyra Grants DAO recently distributed 60,000 $OP tokens retroactively to the builders and users that helped build the Lyra community as stated in Lyra’s Phase 0 Optimism Proposal !
Polynomial and Brahama received the majority of the $OP tokens, due to their amazing ability to show the defi world how you can integrate with Lyra.
Checkout a full list of who received the $OP tokens below:
*As one of the members receiving this retroactive OP token distribution, (I imagine I speak for all the recipients) I am truly thankful and honored to be part of such a great community and protocol.
The New Lyra Council and Grant Council Members have been selected, and will serve until March 1, 2023:
MUST LISTEN! The recording from when Greg Magadini spoke to the Lyra Community is out! Make some coffee and give it a listen! You will get some alpha from this call:
https://twitter.com/lyrafinance/status/1589393031958261760
Checkout the latest dHEDGE newsletter
With the Toros Supercluster release, dHEDGE now includes the ability for managers to trade Perpetual Futures via Kwenta. Checkout the details below!
https://blog.dhedge.org/kwenta-futures-launch/
Toros just announced their latest release, called Supercluster. Two new Dynamic Vaults on Optimism: Ethereum Yield and Market Neutral Yield Strategy. They also integrated Kwenta futures and Arrakis Finance!
The new Dynamic Vault on Toros built using Lyra is performing well with all this volatility!
https://twitter.com/torosfinance/status/1597361148609040385
https://twitter.com/torosfinance/status/1580708385473048578
Make sure you claim your Polynomial Optimism Airdrop if you haven’t yet.
https://twitter.com/lyrashortput/status/1595775345017622528
The vaults keep printing yield for users! Checkout the vaults weekly performance:
https://twitter.com/PolynomialFi/status/1596147004047908865
https://twitter.com/BrahmaFi/status/1593653802980102144
With Lyra incentivizing trading, now is the BEST time to trade DEFI Options with Lyra! With everything being on-chain now is a great time to see what the whales are doing:
For those of you who don’t know you can go to the #Trades channel in the Lyra discord and check on the current trades of your favorite trader.
For an example you can type “/trader supermario.eth” into the channel and it pulls up
You can then select the traders address and it takes you to Lyra’s website where it shows you the traders Portfolio and Open Positions.
If you are new to trading Options, this is a great way to see how other traders are playing the market!
With the launch of Avalon and the OP incentives there has been a lot of talk on twitter about our beloved volatility engine! In case you missed them here are some of the good ones:
https://twitter.com/muir_eth/status/1590004155153666049/photo/1
https://twitter.com/laevitas1/status/1587821679471984642
https://twitter.com/0xmjs/status/1594108384739221504?s=46&t=_8tdbly8MW5WYShutNDMKg
https://twitter.com/getswype/status/1596171244411420677?s=20&t=2Zr9o8Uy3Qir0Lg4nufDXA
https://twitter.com/Slappjakke/status/1596493872850300929
LEAP-17: Establishing GrantsDAO, Status: IMPLEMENTED
LEAP-18: Universal Closing and Partial Collateralization, Status: APPROVED
LEAP-19: Launch SOL Market, Status: IMPLEMENTED
LEAP-20: xLYRA Tokenomics, Status: DRAFT
LEAP-21: Bridging Emissions Until Avalon, Status: IMPLEMENTED
LEAP-22: Launch Aave Market, Status: APPROVED
LEAP-23: Add Liquidity on Bancor, Status: IMPLEMENTED
LEAP-24: OP Incentives Status: REJECTED
LEAP-25: Incentivizing GrantsDAO, Status: DRAFT
LEAP-26: Bridging Tokenomics until xLyra, Status: Approved
LEAP-27: DevCo, Status: Proposed
LEAP-28: Increase Council and Grants DAO Terms, Sync Elections, Status: Implemented
LEAP-30: Reintroducing Short Collateral Trading Rewards, Status: Implemented
LEAP-34: Simplifying Trader Rebates, Status: Approved
LEAP-36: Cash Collateralized AMM, Status: Approved
LEAP-37: Deprecate SOL Market, Status: Approved
LEAP-38: GMX Hedging and deploy on Arbitrum, Status: Draft
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