March 14, 2023, 3:27PM EDT
• 6 min read

Lyra Finance: Leading the Options Protocol Race

Quick Take

  • Lyra Finance is an options trading protocol deployed on Optimism and Arbitrum.
  • Lyra Finance utilizes a Black-Scholes model to price its options and market maker vaults as the counterparty to trades.
  • Launching on Arbitrum has sparked a resurgence in the protocol’s user metrics.
  • Lyra Finance recently became the largest options trading protocol in terms of TVL.

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