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Version 2.0 of eToro’s open-source programming language Lira developed to write options contracts

Announcement posted by eToro Australia 11 Oct 2019

Sydney, Australia, 9 October 2019 -  eToro, the global multi-asset investment company, has announced that Lira, the open-source programming language developed by eToroX Labs, has evolved to write options contracts on the Ethereum Blockchain for the OTC derivatives market.

Announced at a workshop at Devcon V, Osaka, on 8th of October 2019, Dr Omri Ross, eToro’s chief blockchain scientist demonstrated Lira 2.0’s new features, including writing options contracts. The Lira programming language, recently referred to* as one of the “most imaginative things happening in DeFi today” is one of only two such open source solutions on the market, and is all the more exclusive since it is formally verified.    

Responding to the announcement, eToro CEO Yoni Assia commented: “eToro has long held the belief that we will eventually see all tradable financial assets tokenized. Lira, our open source programming language, is a step towards making this a reality, enabling the entire community to write and deploy secure financial contracts on Ethereum. The workshop where this was announced was a central event at Devcon, which is significant in demonstrating how the blockchain community shares our vision for open finance.”

Dr. Ross commented: “I am delighted to see the excitement of the community in response to this project. Developers will now be able to use Lira to create new business protocols, with the aim of improving inefficiencies within the traditional financial industry, thereby opening it up yet further.” 

Commenting on the launch of Lira version 2.0, Nicolas Arqueros, CTO of Emurgo said: “I believe that Lira is an innovative and important breakthrough in the world of DeFi, with real promise to open up the traditional financial world.

Yoav Weiss, CTO of Tabookey added: “I am certain that over the next couple of years, we will see many people using Lira and helping it develop, to achieve real progress in financial business efficiency, and realize the goals to open up finance.”

Lira is secure, easily programmable and allows contracts between assets on the Ethereum Blockchain to settle instantly, enables automated programmable trades and monitoring, and reduces transaction costs and the need for middle parties. 

* Lex Sokolin, Global Fintech Co-Head, ConsenSys

 

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About eToroX

eToroX is a subsidiary of the eToro Group. The business was formed in 2018 to provide the infrastructure to support eToro Group’s commitment to facilitating the evolution of tokenized assets. It provides eToro’s newly launched wallet and runs the exchange.

 

The distributed ledger technology (DLT) provider licence was granted by the Gibraltar Financial Services Commission to eToroX in December 2018 (licence number FSC1333B). eToroX is incorporated in Gibraltar with company number 116348 and its registered office is at 57/63 Line Wall Road, Gibraltar. 

 

Note to editors

To arrange an interview with Robert Francis, Managing Director of eToro Australia, please contact:

Anastasia Jones | ajones@sefiani.com.au | 0467 315 756
Fiona Stanich | fstanich@sefiani.com.au | (02) 8920 0700

eToro backgrounder can be found here: http://bit.ly/2JgOygf

About eToro Australia

eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets. We are a global community of more than 11 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.

eToro has pioneered value-added services such as CopyTrading™ and CopyPortfolios™, as well as the Popular Investor program, which allows eToro qualified members to earn and additional income  directly from eToro when their investments are copied by another member and allows others to gain from their wisdom, experience and success.

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, regulated by the Financial Conduct Authority in the UK, and by the Australian Securities and Investments Commission in Australia. 

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