Daniel Dizon

Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.

Nucleus is the default yield provider for networks. Nucleus was built to revolutionize the way users interact with networks by removing the opportunity costs of exploring new ecosystems via embedding yield at the network layer. Nucleus enables networks (rollups and app-chains) to create a new yield generating primitive that is embedded at the base of the network’s ecosystem. Users are able to generate yield by default on a wide variety of assets just by bridging to the network. These assets will allow users to earn more while exploring all of the unique applications in the network’s ecosystem.

RedStone is a cross-chain data oracle technology that provides fast, cost-efficient access to data, a full historic audit trail, and an insurance-backed decentralized dispute mechanism. It gives users recourse in the event of inaccurate data provision. The project uses Arweave blockchain to store data and track reputation.

Prisma Finance is a non-custodial and decentralized Ethereum LST-backed stablecoin protocol. Prisma allows users to mint a stablecoin (acUSD) fully collateralized by liquid staking tokens. The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX, and PRISMA on top of their Ethereum staking rewards.