We’re proud to announce that we’ve integrated with Socket. Socket is a complete interoperability stack which allows asset & data transfer across chains, enabling developers to build truly cross-chain apps. Lyra aims to promote the adoption of Layer 2 Ethereum by improving the user experience at every opportunity.
Summary:📊 Lyra Stats ☄️ Learn How to Boost Your Lyra Rewards 🥕 Lyra Trader Incentives Overview 🔙 Bitcoin Options Market is Live 🗓 Lyra Launches Three Month Expiries 🦘 Polynomial V2 Vaults & Lyra LP Incentives 💻 DevCo & AAVE LEAPs ⚔️Synthetix X Lyra Twitter Space on the Avalon Launch 🧵 Lyra Threads You May Have Missed
It’s here! We’re proud to announce the most significant upgrade to Lyra yet, Avalon. Now live on Optimistic Ethereum, Lyra Avalon builds off the strong foundation established in V1 (Two-sided options markets, unified liquidity, composable delta hedging) with a suite of new features which will offer the best
Lyra will set a new standard for on-chain options trading with The Avalon Upgrade. Rolling options expiries out to 3-months, unified liquidity across strikes, partially collateralized short options, anytime entry/exit from market maker vaults - Lyra is about to enter a league of its own. After launching the Lyra
Since the token launch, Lyra has been incentivising a number of pool 2 staking programs to ensure there would be sufficient liquidity for trading on both Optimism and Ethereum Mainnet. While effective in achieving this objective, the method of incentive allocation could be more efficiently designed. Over this period, the
Options and perpetual futures provide traders with unique benefits compared to basic spot trading, which has led to their increasing popularity on both centralized and decentralized trading platforms. While options have less inherent risk (albeit still a risky product), perps are more cost effective. While this guide will not explore
Today we’re announcing that Lyra has integrated Hop Exchange natively into the Lyra trading dApp in a move to further improve the onboarding experience to L2 Ethereum. Hop is the leading bridge protocol for sending tokens across rollups and their shared layer-1 network in a quick and trustless manner.
Marking a significant shift in Lyra Governance, the first LYRA token vote is now available on Snapshot. Lyra utilizes a delegative governance structure, where a council of 5 representative council members vote to make decisions on behalf of the DAO and administrate LEAPs on behalf of LYRA holders. Vote here
Lyra is an options trading platform that was built natively for Layer 2 Ethereum, accessing the scalability and performance of rollup technology with the security and composability of the Ethereum network. ZK-STARKs, a novel invention by StarkWare, provide an exciting new frontier offering theoretically unlimited scale for computation on-chain. Since
It’s been an incredible year for Lyra. In just a few months the protocol has supported over $110m in notional trading volume and over $120m TVL thanks to market-leading spreads, industry-leading UX, and unified options liquidity provision. We’ve assembled a strong and engaged community backed by a world-class
Lyra is committed to becoming a fully decentralized protocol, using token-voting to delegate council representatives that will shape the direction of the DAO and protocol. As such, we are distributing 13.25m LYRA tokens (1.325% of the total supply) to 1,711 valuable community members and 4,434 early