Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategies
Summary
Lyra Finance now offers liquid restaking token holders the ability to earn additional yield through automated versions of popular strategies like basis trade and covered calls. This product, launched in partnership with Swell Network and Ether.Fi, allows holders of rswETH and eETH tokens to earn an annualized percentage yield of 10% to 50%. Users can deposit these tokens in Lyra and mint a yield-bearing derivative token, which automatically executes predefined yield-bearing strategies on-chain. Lyra's co-founder, Nick Forster, believes this tokenized derivatives yield is a game-changing primitive that will help expand sustainable crypto economic markets.
