Alpha Leak | The Bull Case for Lyra
Bankless
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The Evolution of On-Chain Options
This chapter explores the origins of the Lyra project and its development during the DeFi summer of 2020, focusing on the innovative potential of options as financial instruments. It discusses the challenges in creating an automated market maker for trading options, emphasizing issues like pricing, risk management, and liquidity. The conversation also examines the necessity of Layer 2 solutions to enhance scalability and efficiency in on-chain options trading.
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Transcript
