Goal

Build an automated option strategy using Lyra.js to be included in the ‘Strategies’ page on launch.

Scope

Lyra is launching a page in the trading interface that allows users to easily execute multi-leg strategies that use options, targeting specific DeFi use cases. This grant aims to incentivise builders familiar with Lyra and options to build the strategies listed using Lyra-js to interface with the protocol. All strategies submitted should allow the user to configure the strikes and expirations traded to ensure the most customizable trading experience.

The following strategies are requested:

• Covered calls
• Straddles and strangles
• Uniswap LP auto hedger

Requirements

• Implemented in Typescript
• Add Market Order execution
• Execute trade on Lyra
• Read strategy from json config file
• Add revert mechanism (price moves, trade invalidated)
• Trade / logging - reporting
• Documentation

For this grant, please reach out to the Grants Council before beginning work with a build PRD or proposal.