We want to remove this friction by making all of these steps available right in our trading dapp. This adds a lot of friction / overhead to the onboarding process: traders have to execute transactions on three separate tools (the gateway, uniswap and synthetix) to start trading.

Finally, to open short calls, traders must exchange sUSD to the synthetic underlying asset, such as sUSD, via Synthetix.

Second, traders must exchange their tokens to sUSD via Uniswap, which is currently the only decentralized exchange protocol available on Optimism.

Synths cannot be bridged at the time of writing due to separation of the debt pools between Layer 1 and Optimism.

First, traders must bridge tokens from Layer 1 to Optimism via the Optimism Gateway.The process of acquiring sUSD and synths from external exchanges is cumbersome and requires multiple steps: To get started on Lyra, traders need sUSD to trade and synths like sETH to open short calls. Designed natively for the Ethereum Layer 2 scaling solution Optimism, Lyra is the first protocol to manage risk for liquidity providers (LPs), allowing it to offer the best on-chain pricing for traders.

Lyra is a protocol for trading options on Ethereum. 1inch uses the Pathfinder algorithm which finds the best paths across over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 20+ liquidity sources on Polygon and on Optimistic Ethereum with an overall volume of over $85B on all networks. Following a successful launch on Optimistic Ethereum, we are thrilled to announce that Lyra has integrated with the 1inch Network to provide in-app swapping, accessing the best pricing across multiple liquidity sources in DeFi.

Synergy susd