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Lyra Finance is a project within the Synthetix ecosystem, an options market built on Optimism and Arbitrum. The protocol employs a pool-to-pool trading model, where liquidity providers (LPs) act as counterparties to options and share in the transaction fees. Building upon the Black-Scholes model, the Lyra Automated Market Maker (AMM) model considers the impact of options supply and demand on price, adjusting the implied volatility through various parameters. This acts as a balance for uncovered positions, preventing excessive one-sided positions from causing LP losses. The team has introduced dynamic fees and relevant circuit breaker mechanisms for LP risk management. The official website integrates Synthetix and GMX protocols, enabling LPs to hedge their own trades and achieve near delta neutrality in their risk exposure.

The Derive Protocol, previously known as Lyra, has been at the forefront of decentralized options trading.

Unlike general-purpose blockchains like Ethereum, which host thousands of applications, appchains are purpose-built for a single application. This model has already been widely adopted.

Leading liquidity re-staking platform Kelp DAO has introduced its latest product, Gain powered by Kelp. This innovative solution lowers the barriers to participating in various L2 and DeFi projects, offering users enhanced opportunities to capture potential market returns through self-custody, simplified operations, and intelligent management, ultimately helping users maximize their diversified earnings.

Velodrome is a native AMM-style DEX built on Optimism, launched by the team behind veDAO, adapted from Solidly by Andre Cronje. The project shows a certain degree of innovation in its economic model, integrating the veToken model from Curve and the (3,3) game theory of Olympus DAO to optimize liquidity incentives. Since its launch, it has accumulated over $5.8 billion in trading volume, surpassing top multi-chain DeFi projects on Optimism such as Aave and Curve.

Modular money is a popular trend that can help solve blockchain scalability issues. It utilizes different technologies to achieve data availability, consensus, and settlement, enhancing the efficiency and scalability of cryptocurrencies. Some platforms offer shared security layers and rollup services, allowing users to stake Bitcoin permissionlessly and earn rewards. There are also many other well-known protocols building their own modular stacks, such as Ethereum, Arbitrum, Optimism, and more. These platforms continue to evolve, offering users more options.

It’s more than just a buzzword however as modular infrastructure components can help solve the scaling bottleneck for blockchains by offloading certain components to specialized infrastructure.

This article analyzes the four types of Rollup: Orthodox Rollup, Sovereign Rollup, Modular Rollup, and Restaking Rollup.

This article explores the tokenomics landscape of decentralized exchanges (DEXs), analyzing the mechanisms employed by different protocols and discussing future developments. A robust tokenomics model can help protocols attract and retain users while maintaining their market leadership. Incentives such as staking and trading rewards can effectively encourage users to contribute to the protocol.

This article provides a comprehensive introduction to Conduit, covering its team background, funding, operating mechanism, product features, ecosystem cases, and competitor analysis, helping you quickly understand the core advantages and market positioning of this Rollup-as-a-Service platform.

This text provides an overview of Layer2 projects from Blast to Base, listing both released and unreleased coins before the upcoming Cancun upgrade.

Optimism is a Layer 2 solution based on Ethereum that provides fast, stable, scalable and low-cost blockchain services. By running on Layer 1 of the Ethereum main chain, it helps alleviate network congestion, thereby reducing Transaction costs and processing time. Hyperchain is a multi-chain network structure based on Layer 2 technology that solves the horizontal scalability challenges of traditional blockchains. By treating each chain as an interchangeable computing resource, the commercialization of blockchains allows Developers to build cross-chain applications without increasing systemic risks, sharing not only security and communication layers but also an open-source technology stack. This design allows developers to focus more on building applications on the entire super chain, without having to worry about the specific technical details of individual chains.

Gate Research Daily Report: On February 19, the price of Bitcoin fell by 1.29% to $96,349.1, while Ethereum decreased by 0.78% to $2,677.21. The market capitalization of Meme coins dropped to $6.667 billion. Ondo Finance's TVL surpassed $777 million. Tron and Solana networks have issued $10.75 billion in stablecoins this year. Hyperliquid launched its HyperEVM mainnet. Fold became the first Bitcoin financial services company to list on Nasdaq. Grayscale launched the Grayscale Pyth Trust, a new investment product.

This article aims to help readers understand the landscape and characteristics of the Layer 2 competition through a comparison of on-chain data.

This paper compares a number of different L2 raceways in terms of several metrics.