# The Lyra Short Put #13 November 30, 2022 By [MasterMojo.eth](https://paragraph.com/@mastermojo) · 2022-11-30 --- * **📊 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** 📊 Lyra Stats ------------- ![](https://storage.googleapis.com/papyrus_images/0898e35b375ab204ebcd7dbd7ed3db2f34f1088f8b9b4ef38379e29f81909ccc.png) 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). ![](https://storage.googleapis.com/papyrus_images/f736ac53b6c476a38d79bd1236311572dd71b88f590dca93b47b1c30be7f3583.png) 30D Unique Traders hit an ATH in November with over 5,503 traders! ![](https://storage.googleapis.com/papyrus_images/8437fdaa229a980050541a76cc9de2fa578129e7fa60c6c865155fb49654cba7.png) After some variance in returns the couple weeks, The ETH MMV has rebounded to +4.71% since its [inception](https://blog.lyra.finance/avalon-is-live/) (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. ![](https://storage.googleapis.com/papyrus_images/0033bd3d13e5e97ea9aca9de9ca7c7fc56934acfe4f80b1cfa7e9fcd03369e08.png) The 90-day performance annualized is 4.4%, annualized performance since inception is +10.7%. Depositors earn 10.79% [rewards APY](https://blog.lyra.finance/incentives-launch/) (**boosted up to 21.6% for Lyra Stakers**) 💹 Lyra Community Call ---------------------- On November 10th, Lyra had their 12th Community Call on their discord. Checkout a great summary from [The Lyra Short Put twitter](https://twitter.com/lyrashortput) account: [https://twitter.com/lyrashortput/status/1590864186623807488](https://twitter.com/lyrashortput/status/1590864186623807488) 🥕 Lyra LEAP Update ------------------- ### Leap-38: Lyra is going MULTICHAIN!! 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](https://leaps.lyra.finance/leaps/leap-38/) ![](https://storage.googleapis.com/papyrus_images/592630aa558be2a2b967e2ab4ee9a3de15c3cbc7a74314dbbaa887717649ef37.png) ### Leap-36 has been approved by the Lyra Council. ![](https://storage.googleapis.com/papyrus_images/acd85df81708ca842fd5d4d518738b68c1b051ee1b2575c7e7d63dfde02b2902.png) ### Leap-37 has been approved by the Lyra Council. This leap will depreciate the SOL market on November 25th. ![](https://storage.googleapis.com/papyrus_images/63825399cd3556b242c5ee6d04cc5e524e3376b591657b53c0f4d4676b79b172.png) THE FTX Downfall ---------------- 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. ![](https://storage.googleapis.com/papyrus_images/99eeb303169557d54f2abe3bb7d598cd21f369209c5fc483696ccc3ec0164b8b.png) **Fees generated by Lyra hit an ALL TIME HIGH with this volatility!** ![](https://storage.googleapis.com/papyrus_images/88e8fe121e31385a926710553439acb0bad46dd82c19302ba376410614bc70ab.png) If the above chart doesn’t get you excited then take a peek at this one: ![](https://storage.googleapis.com/papyrus_images/85f18739d0c0dacc8379439fc73cc2b989bdeaa22f21e77ef1547aa99bab4a37.png) [https://twitter.com/muir\_eth/status/1592267466004393984](https://twitter.com/muir_eth/status/1592267466004393984) 🔙 Lyra Grants Retroactive OP ----------------------------- 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](https://gov.optimism.io/t/gf-phase-0-proposal-lyra-finance/202) ! 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: ![](https://storage.googleapis.com/papyrus_images/5d4780285c939e368b225192e9c379b2dbb2cdc3f5b7828b6d9577725b88358f.png) \*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. 💻Council Nominations --------------------- The New Lyra Council and Grant Council Members have been selected, and will serve until March 1, 2023: ![New Lyra Council](https://storage.googleapis.com/papyrus_images/e826ff4534cfb8c5671eac397c9fcbf1ea09ed94c49d89e625bf7acdb5cf247c.png) New Lyra Council ![New Lyra Grants Council](https://storage.googleapis.com/papyrus_images/ca1243637817903cb416d5bb3d7d8af61ac8b300fd1bcbdb6713b3784f65d9fe.png) New Lyra Grants Council ☄️ Lyra Workshop with Genesis Volatility ---------------------------------------- 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](https://twitter.com/lyrafinance/status/1589393031958261760) 🦘 Ecosystem News: ------------------ ### dHEDGE: Checkout the latest dHEDGE newsletter [https://www.getrevue.co/profile/dhedgeorg/issues/dhedge-monthly-october-2022-1386295?via=twitter-card&client=DesktopWeb&element=issue-card](https://www.getrevue.co/profile/dhedgeorg/issues/dhedge-monthly-october-2022-1386295?via=twitter-card&client=DesktopWeb&element=issue-card) 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/](https://blog.dhedge.org/kwenta-futures-launch/) ### Toros: Toros just announced their latest release, called Supercluster. Two new Dynamic Vaults on Optimism: [Ethereum Yield](https://toros.finance/pool/0x1ec50880101022c11530a069690f5446d1464592) and [Market Neutral Yield Strategy](https://toros.finance/pool/0x49bf093277bf4dde49c48c6aa55a3bda3eedef68). They also integrated [Kwenta futures](https://blog.dhedge.org/kwenta-futures-launch/) 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/1597361148609040385) ![](https://storage.googleapis.com/papyrus_images/a05ec23c89b03df758aaf0e381a5053124e956ad57e232fc9ecabd40aaf81ae8.png) [https://twitter.com/torosfinance/status/1580708385473048578](https://twitter.com/torosfinance/status/1580708385473048578) ### Polynomial: Make sure you claim your Polynomial Optimism Airdrop if you haven’t yet. [https://twitter.com/lyrashortput/status/1595775345017622528](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/PolynomialFi/status/1596147004047908865) ### Brahma: [https://twitter.com/BrahmaFi/status/1593653802980102144](https://twitter.com/BrahmaFi/status/1593653802980102144) ⚔️Trading Corner ---------------- With Lyra incentivizing trading, **now is the BEST time to trade DEFI Options with Lyra!** With everything [being on-chain](https://stats.lyra.finance/) now is a great time to see what the [whales are doing](https://stats.lyra.finance/): ![](https://storage.googleapis.com/papyrus_images/2cd1f39c73c974673a515e6902eb58bdc80e7afd639b4146e3ea2f95cde5e001.png) ### Want to see how other traders are playing the market? For those of you who don’t know you can go to the [#Trades](https://discord.com/channels/808292126818304041/988252407484010506) 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 ![](https://storage.googleapis.com/papyrus_images/b65fede4aa925f64c499756a1ee30c827bd712cbd7bd93c947b07a61c476c1d0.png) 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. ![](https://storage.googleapis.com/papyrus_images/8a0377e9d1aa56b6331e10503c52b2642a7184d79f3589e4c6657a242149bdfb.png) If you are new to trading Options, this is a great way to see how other traders are playing the market! 🧵 Notable Lyra Tweets ---------------------- 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/muir_eth/status/1590004155153666049/photo/1) [https://twitter.com/laevitas1/status/1587821679471984642](https://twitter.com/laevitas1/status/1587821679471984642) [https://twitter.com/0xmjs/status/1594108384739221504?s=46&t=\_8tdbly8MW5WYShutNDMKg](https://twitter.com/0xmjs/status/1594108384739221504?s=46&t=_8tdbly8MW5WYShutNDMKg) [https://twitter.com/getswype/status/1596171244411420677?s=20&t=2Zr9o8Uy3Qir0Lg4nufDXA](https://twitter.com/getswype/status/1596171244411420677?s=20&t=2Zr9o8Uy3Qir0Lg4nufDXA) [https://twitter.com/Slappjakke/status/1596493872850300929](https://twitter.com/Slappjakke/status/1596493872850300929) ### LEAP Status Tracker * [**LEAP-17**](https://leaps.lyra.finance/leaps/leap-17/)**: Establishing GrantsDAO, Status: IMPLEMENTED** * [**LEAP-18**](https://leaps.lyra.finance/leaps/leap-18/)**: Universal Closing and Partial Collateralization, Status: APPROVED** * [**LEAP-19**](https://leaps.lyra.finance/leaps/leap-19/)**: Launch SOL Market, Status: IMPLEMENTED** * [**LEAP-20**](https://leaps.lyra.finance/leaps/leap-20/)**: xLYRA Tokenomics, Status: DRAFT** * [**LEAP-21**](https://leaps.lyra.finance/leaps/leap-21/)**: Bridging Emissions Until Avalon, Status: IMPLEMENTED** * [**LEAP-22**](https://leaps.lyra.finance/leaps/leap-22/)**: Launch Aave Market, Status: APPROVED** * [**LEAP-23**](https://leaps.lyra.finance/leaps/leap-23/)**: Add Liquidity on Bancor, Status: IMPLEMENTED** * [**LEAP-24**](https://leaps.lyra.finance/leaps/leap-24/)**: OP Incentives Status: REJECTED** * [**LEAP-25**](https://leaps.lyra.finance/leaps/leap-25)**: Incentivizing GrantsDAO, Status: DRAFT** * [**LEAP-26**](https://leaps.lyra.finance/leaps/leap-26)**: Bridging Tokenomics until xLyra, Status: Approved** * [**LEAP-27**](https://leaps.lyra.finance/leaps/leap-27/)**: DevCo, Status: Proposed** * [**LEAP-28**](https://leaps.lyra.finance/leaps/leap-28/)**: Increase Council and Grants DAO Terms, Sync Elections, Status: Implemented** * [**LEAP-30:**](https://leaps.lyra.finance/leaps/leap-30/) **Reintroducing Short Collateral Trading Rewards, Status: Implemented** * [**LEAP-34:**](https://leaps.lyra.finance/leaps/leap-34/) **Simplifying Trader Rebates, Status: Approved** * [**LEAP-36:**](https://leaps.lyra.finance/leaps/leap-36/) **Cash Collateralized AMM, Status: Approved** * [**LEAP-37:**](https://leaps.lyra.finance/leaps/leap-37/) **Deprecate SOL Market, Status: Approved** * [**LEAP-38:**](https://leaps.lyra.finance/leaps/leap-38/) **GMX Hedging and deploy on Arbitrum, Status: Draft** * **Lyra Learn** * [**https://blog.lyra.finance/tag/learn/**](https://blog.lyra.finance/tag/learn/) * **Lyra Docs** * [**https://docs.lyra.finance/**](https://docs.lyra.finance/) --- *Originally published on [MasterMojo.eth](https://paragraph.com/@mastermojo/the-lyra-short-put-13-november-30-2022)*