Поделиться этой статьей
Options Automated Market Maker Lyra Deploys to Arbitrum Network
With the Newport upgrade, Lyra is now integrated with GMX perpetuals, allowing users to benefit from improved capital efficiency and user experience.
Автор Sage D. Young
Make us preferred on Google
Lyra, an automated market maker for crypto traders to buy and sell options, is now a multichain protocol after successfully launching its Newport upgrade earlier this week.
Initially only running on Ethereum layer 2 chain Optimism, Lyra has expanded to Arbitrum, another layer 2 platform, and integrated with decentralized exchange GMX perpetuals, a derivative trading product without an expiration date.
STORY CONTINUES BELOW
"Paul," a core contributor for Lyra, told CoinDesk, “One of our main drivers of launching on Arbitrum and GMX is that we noticed that there were distinct communities forming on each chain. There are users that only use Arbitrum and users that only use Optimism. We realized it doesn’t really make sense to just wall ourselves off to only one subset of users.”
Before the upgrade, Lyra’s market maker vaults (MMV) paid swapping fees for every collateralization and hedging trade. For example, when a trader buys a call option contract on ether , Lyra’s MMVs would purchase ether from a spot exchange, incurring a fee. Once the trader’s position has closed, Lyra’s MMVs would sell back the ETH used for collateral, incurring yet another fee.
As a result, the process was inefficient and liquidity providers in Lyra’s MMVs had lowered yields from the swapping fees.
Now, Lyra’s MMVs don’t need to swap the base asset like ETH to collateralize or hedge every time a trader buys an option contract. Instead, options are now partially collateralized in cash, while Lyra hedges its exposures by using GMX perpetuals as a source of liquidity.
As a result of the Newport upgrade, the Lyra Twitter account indicated that swapping fees “should be reduced with cost savings passed onto [liquidity providers] in the form of higher yield from the same amount of trading volume.”
Total notional trading volume on Lyra passed $1 billion for the first time on Jan. 16, and in the past 30 days, Lyra’s trading volume increased 8.4%.
Больше для вас
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Что нужно знать:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Больше для вас
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
Что нужно знать:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
