Inventing limit orders for writing or buying options on Lyra
We moved towards making it possible to set a time before the option expiry and a price associated for that time that the user is willing to pay or accept for the option. We planned to use Gelato.network for the execution at the given time-frame. We have started to build the front-end by using the RainbowKit which includes WalletConnect authentication.
How it's made
We have started to build the front-end by using the RainbowKit which includes WalletConnect authentication while on the back end we would have a tiny proxy contract that is given permission for the funds to be pair or guaranteed for the option. Then for the time specified by the user of our dApp, Gelato will poke at each valid order and fulfil it in case all the parameters match with the quote given by the Lyra AMM.