Lyra is now live on @Arbitrum, integrating with GMX 🫐 💚 Get started 👉

2/ With the deployment of Lyra Newport, our community has unlocked a number of technical features and usability benefits including 👇 💸 Cash Collateral: Reduced cost for the AMM 📊 Tighter Spreads: Lower fees for traders 💱 Modular Design: Flexible deployment capability

3/ 💸 Cash Collateral Lyra MMVs will now partially collateralize short positions with cash removing the need to pay swapping fees for every trade and delta hedge. These costs were ~$800k in the last 6 months that will now be passed on to LPs.

4/ 📊 Tighter Spreads Thanks to lower collateralization and hedging costs, option fees can be reduced resulting in tighter spreads.

5/ 💱 Modular Design Lyra’s hedging module can now be compatible with any perpetual exchange on any L2. We’re excited to be building with @GMX_io, using perps to automatically hedge the delta exposure of Lyra’s MMVs.

6/ We welcome the Arbitrum and GMX community to join our Discord for good vibes and to learn more about our protocol 💚

7/ Read more about the Newport Upgrade here 👇

8/ Before depositing or accessing Lyra’s options liquidity, become familiar with the risks here👇

@ArbitrumNewsDAO @GMX_IO

@arbitrum @GMX_IO congrats! can't wait for the new options era to come!

@arbitrum @GMX_IO $maki @Uramaki_io