Lyra's Deposits Now Live on Arbitrum

The options protocol Lyra tweeted that deposits are now live on Arbitrum. Users can deposit $USDC into the ETH Market Maker Vault in preparation for the upcoming Newport launch. MMVs allow Liquidity Providers to earn fees from trading along with stkLYRA rewards.

In addition, the council has allocated 30M $LYRA / year or about 1.15m $LYRA for the first 2 week epoch to incentivise deposits. Trading and rewards will be live in about 48hrs.