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Lyra Finance allows liquidity re-collateralization token holders to earn additional income through automated trading strategies

Lyra Finance allows liquidity re-collateralization token holders to earn additional income through automated trading strategies

CointimeCointime2024/05/08 08:50
By:Cointime

Lyra Finance, a decentralized options platform, now allows holders of the re-collateralized token (LRT) to generate additional income. The platform will allow LTR holders to earn additional income using automated versions of popular strategies such as basis trading and covered call options. The tokenized derivative income product was launched in partnership with the liquidity re-collateralization protocol Swell Network and Ether.Fi.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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