Lyra 打破障碍：代币化衍生品收益率彻底改变流动性质押

Lyra Finance 为流动性重新抵押代币 (LRT) 持有者推出了突破性的解决方案，使他们能够通过自动化和代币化收益策略来产生额外收益。这项创新允许用户将任何收益策略转变为可组合的 ERC-20 代币，扩大了收益生成和代币化策略（如基差交易和备兑看涨期权）的可能性，提供 10% 至 50% 的年化百分比收益率。

Lyra's Revolutionary Innovation: Tokenized Derivatives Yield for Liquid Restaking Token Holders

Lyra 的革命性创新：为流动性重新抵押代币持有者提供代币化衍生品收益

Lyra Finance, a decentralized options platform, has unveiled an groundbreaking product that empowers holders of liquid restaking tokens (LRTs) to generate substantial additional yield. This innovative solution allows users to tokenize popular yield-bearing strategies, such as basis trade and covered calls, into ERC-20 tokens, unlocking a new realm of earnings opportunities.

Lyra Finance 是一个去中心化期权平台，推出了一款突破性的产品，使流动性重新抵押代币 (LRT) 的持有者能够产生可观的额外收益。这一创新解决方案允许用户将流行的收益策略（例如基差交易和备兑看涨期权）代币化为 ERC-20 代币，从而开启盈利机会的新领域。

Partnering with leading liquid restaking protocols Swell Network and Ether.Fi, Lyra's tokenized derivatives yield product provides a seamless and automated way for rswETH and eETH token holders to earn an impressive annualized percentage yield ranging from 10% to 50%. This yield significantly surpasses the meager 4.47% offered by 10-year U.S. treasuries, the traditional finance benchmark for risk-free returns.

Lyra 的代币化衍生品收益率产品与领先的流动性重新抵押协议 Swell Network 和 Ether.Fi 合作，为 rswETH 和 eETH 代币持有者提供了一种无缝且自动化的方式，以获得 10% 至 50% 的令人印象深刻的年化百分比收益率。这一收益率大大超过了 10 年期美国国债的微薄 4.47%，这是无风险回报的传统金融基准。

Liquid restaking protocols like Ether.Fi and Swell Network enable users to deposit their ETH or liquid staking tokens like stETH, which are then restaked in EigenLayer. In exchange, users receive LRTs that can be conveniently exchanged for ETH at any given time.

Ether.Fi 和 Swell Network 等流动质押协议使用户能够存入 ETH 或 stETH 等流动质押代币，然后将其重新质押到 EigenLayer 中。作为交换，用户会收到 LRT，这些 LRT 可以随时方便地兑换成 ETH。

Lyra's platform seamlessly automates the yield-bearing strategies, eliminating the complexities and inefficiencies often associated with manual execution. By simply depositing their rswETH or eETH into Lyra and minting a yield-bearing derivative token, users can activate a predefined yield-generating strategy on the blockchain. This groundbreaking approach empowers users to easily convert any yield-bearing strategy into a composable ERC-20 token, unlocking a world of new financial possibilities.

Lyra 的平台无缝地自动化收益策略，消除了通常与手动执行相关的复杂性和低效率。只需将 rswETH 或 eETH 存入 Lyra 并铸造具有收益的衍生代币，用户就可以在区块链上激活预定义的收益生成策略。这种突破性的方法使用户能够轻松地将任何收益策略转换为可组合的 ERC-20 代币，从而开启一个充满新金融可能性的世界。

"We firmly believe that tokenized derivatives yield is a transformative concept that will serve as a cornerstone in the growth of decentralized networks and the expansion of sustainable crypto economic markets," asserts Nick Forster, co-founder of Lyra Finance.

Lyra Finance 联合创始人 Nick Forster 表示：“我们坚信，代币化衍生品收益率是一个变革性概念，将成为去中心化网络发展和可持续加密经济市场扩张的基石。”

Forster is optimistic about the future of liquid restaking protocols, predicting a potential doubling of their total value locked (TVL) to an impressive $30 billion within the next 12 months. Lyra stands out as the sole protocol offering a novel layer of derivatives yield specifically designed for stakers and restakers.

Forster 对流动性重新抵押协议的未来持乐观态度，预测其锁定总价值 (TVL) 可能在未来 12 个月内翻一番，达到令人印象深刻的 300 亿美元。 Lyra 是唯一一个提供专为质押者和重新质押者设计的新型衍生品收益层的协议。

Lyra's initial offering includes the popular basis trade strategy, which aims to capitalize on price discrepancies between two markets. The platform plans to introduce tokenized covered calls in the near future.

Lyra 的首次发行包括流行的基差交易策略，旨在利用两个市场之间的价格差异。该平台计划在不久的将来推出代币化的备兑看涨期权。

"The basis trade is a risk-neutral strategy that allows users to generate additional yield on their tokens, which are already earning restaking yield and ETH yield," explains Forster. "The covered call strategy, while involving higher risks, utilizes liquid restaking tokens as collateral to sell ETH calls. If ETH surpasses the strike price [at which calls are sold], users may potentially relinquish some of their upside, but they receive USDC yield in return."

“基差交易是一种风险中性策略，允许用户为其代币产生额外收益，这些代币已经获得了重新抵押收益和 ETH 收益，”Forster 解释道。 “备兑看涨期权策略虽然涉及较高风险，但利用流动性重新抵押代币作为抵押品来出售 ETH 看涨期权。如果 ETH 超过[卖出看涨期权的执行价格]，用户可能会放弃部分上涨空间，但他们会获得 USDC 收益作为回报。”

The covered call strategy involves selling call options, or upside protection, at strike prices higher than the asset's prevailing market price while holding the asset in the spot market. The premium earned for providing insurance against bullish market movements represents an additional layer of yield on top of the returns from holding the asset in the spot market. Lyra's self-custodial vaults seamlessly automate this strategy, providing users with a convenient and efficient way to maximize their earnings.

备兑看涨期权策略涉及以高于资产现行市场价格的执行价格出售看涨期权或上行保护，同时在现货市场持有资产。为应对牛市走势提供保险而赚取的保费代表了在现货市场持有资产的回报之上的额外一层收益。 Lyra 的自我托管金库无缝地自动化了这一策略，为用户提供了一种方便有效的方式来最大化他们的收入。

Lyra's tokenized derivatives yield product marks a significant milestone in the evolution of decentralized finance (DeFi). By empowering holders of liquid restaking tokens with automated and packaged yield-bearing strategies, Lyra unlocks a new frontier of income generation and financial empowerment. As the total value locked in liquid restaking protocols continues to grow, Lyra is poised to become a major player in the DeFi ecosystem, offering a unique and innovative solution that meets the evolving needs of crypto investors.

Lyra 的代币化衍生品收益率产品标志着去中心化金融（DeFi）发展的一个重要里程碑。通过为流动性重新抵押代币持有者提供自动化和打包的收益策略，Lyra 开启了创收和金融赋权的新领域。随着流动性重新抵押协议锁定的总价值持续增长，Lyra 有望成为 DeFi 生态系统的主要参与者，提供独特且创新的解决方案，满足加密货币投资者不断变化的需求。