TechFlow News — According to official announcements, the options protocol Lyra has launched on Arbitrum, Ethereum's Layer 2 network, and deposit functionality is now open. Users can deposit USDC into the ETH market maker vault in preparation for the upcoming Newport release. Market Maker Vaults (MMV) enable liquidity providers to earn trading fees as well as stkLYRA rewards. The Lyra Council has allocated 30 million LYRA per year—or 1.15 million LYRA for the first two weeks—to incentivize deposits. Trading and rewards will go live in approximately 48 hours.
According to Rootdata data, Lyra previously completed two funding rounds, raising a total of $6.3 million, with participation from Framework Ventures, GSR, and Robot Ventures. Source link
