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Lyra

Listed on: 14 Sep 2022

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Smart Contract

Overview

About

Lyra uses a dynamic volatility input to price the entire options surface using a Black Scholes model. Current implementations use a static IV or other, less accurate workarounds to price options. Lyra is also the first options AMM to compose with other DeFi projects to automatically price and hedge risk for LPs. The reduced risk allows LPs to feel comfortable to provide deeper liquidity, yielding more trading volume and higher fees.

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