Derivatives DEX Lyra To Be Deployed On Swell L2

According to Odaily, Swell has announced that the derivatives decentralized exchange (DEX) Lyra will be deployed on its Swell L2 platform. Lyra has developed re-collateralized derivatives, including covered calls and basis trades, among others. These will bring automated derivative strategies and sustainable returns to the re-collateralized yield layer, Swell L2. The deployment of Lyra on Swell L2 signifies a significant step in expanding the platform's capabilities and offerings. The introduction of automated derivative strategies and sustainable returns will enhance the platform's functionality and user experience. The deployment is expected to further strengthen Swell L2's position in the market.