Alpha Leak | The Bull Case for Lyra
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 May 2022
⏱️ 35 minutes
🧾️ Download transcript
Summary
Mike Spain is the Co-Founder of Lyra, an options trading protocol accessing the scalability of Layer 2 Ethereum to provide a robust, lightning-fast, and reliable trading experience.
David and Mike chat about how Lyra got started, the impact of on-chain options, Lyra’s newest launch—Avalon—and so much more.
Avalon is available now to a select group of users and will be available to the public on May 30th!
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Timestamps:
0:00 Intro
3:38 The Genesis of Lyra
6:20 On-Chain Options
11:36 How Lyra Wins
14:46 Pros & Cons of On-Chain Options
16:42 Lyra Limitations & Roadmap
21:47 Composibilty & Avalon
28:39 The Lyra Vision
30:19 Yield & Options
32:00 Lyra $OP Distribution
33:33 Closing
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Resources:
Mike Spain
https://twitter.com/0xmjs
Lyra
https://twitter.com/lyrafinance
Avalon
https://blog.lyra.finance/avalon-upgrade-primer/
Discord
https://discord.com/invite/Lyra
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Welcome, Bankless Nation to the special edition of AlphaLeak. The AlphaLeak episodes are |
| 0:09.9 | where we explore projects, dows, communities, teams, all throughout the crypto space. Today |
| 0:15.3 | we are talking with Mike, the co-founder of Lyra. Lyra is an on-chain options market on |
| 0:20.8 | optimism on the optimism layer two. And on-chain options, options of course, are there a fundamental |
| 0:25.5 | financial primitive? Why don't we have them in crypto? The answer is fees. Layer one blockchain |
| 0:31.0 | fees are untenable, and they're just the one blockchain just isn't fast enough to allow for |
| 0:36.0 | on-chain options. So we know that as a product, options will always have come from layer two's, |
| 0:40.7 | but layer two's themselves have not yet been ready to support the amount of computation and not |
| 0:45.9 | of utility that options bring until now. The fees on optimism, the fees on arbitrum are approaching |
| 0:52.4 | zero, meaning that the optionality for options is going through the roof. And with this, Lyra has |
| 0:58.8 | finally gotten its Avalon launch out the doors coming out this week for the experienced |
| 1:04.4 | options traders on Lyra and then the rest of the community at the end of this month. And so I brought |
| 1:08.0 | on Mike, the co-founder of Lyra, to talk all about Lyra and on-chain options in the world that gets |
| 1:13.0 | unlocked when we finally get on-chain options out the door. So, Bankless Nation, I hope you enjoy |
| 1:18.5 | this alpha-leak episode of the Bankless Podcast right after we get to some of these fantastic |
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... |
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