๐ฃ Excited to announce a groundbreaking three-way partnership with @lyrafinance and @official_CVI.
This partnership showcases the power of Factor as DeFi middleware, combining Lyra and CVI assets to seamlessly create unique and innovative vault strategies.
โป๏ธ Lyra is a crypto options trading protocol with over $1B in trading volume.
CVI is a crypto volatility index (a VIX for crypto) that enables users to mint their token to long volatility, or provide LP to hedge short volatility.
๐ญ Factor offers the building blocks for modular asset management.
We will take a Lyra and CVI options and volatility hedging strategy and seamlessly deploy it as a Factor vault.
This creates new use cases for Lyra and CVI and drives TVL and revenue for all three protocols.