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.
๐ Firstly, integrations:
* Enables our Factor strategists to utilize Lyra and CVI products
* Creates new use cases for Lyra and CVI products
* Creates unique strategy options for Factor vault creators
* Drives TVL and revenue to both Factor, Lyra and CVI
๐ฆ Secondly, partner vaults:
* A unique options trading vault with built in volatility hedges
* Ability to go long or short and hedge for unique yields
* Creates a totally unique use case for Lyra and CVI
* Factor and partners both earn vault fees as a revenue stream
๐ค This is a great example of exactly what Factor was built for and we are delighted to be working with Lyra and CVI to showcase our potential and theirs.
This is something that is complex for the average user, but very simple for Factor. Ushering in a new era for DeFi yields.
๐งโ๐คโ๐ง We're integrating with leading protocols to build the infrastructure and liquidity layer for DeFi.
Lyra and CVI have both brought innovative products to market.
We're looking forward to growing Arbitrum DeFi together and positioning Factor at the heart of it.