Lyra Blog

To celebrate the success of Lyra so far and in anticipation of the token launch, we invite our community and partners to join us for Lyra Town Hall! Day 1 will include guest speakers, roadmap alpha drops, token utility outline, and so much more. Hang around at the end of

On November 11th at 10am PST Optimism will be conducting a regenesis of the OE network. This will not put any funds at risk, but it will mean that transaction history will be lost. The purpose of the regenesis is to launch the next generation of Optimistic Ethereum, introducing EVM

Introducing Lyra’s Security Module (SM). A well capitalized pool of liquidity that underwrites trading activities is a key piece of infrastructure for any DeFi (and CeFi) trading venue. This becomes especially important following the execution of future roadmap items such as partially-collateralized options trading. This blog post will examine:

We’re thrilled to announce the beginning of Ignition, a 6-week journey to launch the LYRA token and transform Lyra into DeFi’s volatility engine. Beginning this Friday the 29th of October, 5.4% of all LYRA will be distributed to Lyra’s LPs, traders and stakers - all those

It’s been a busy time for all the engineers at Lyra, but now that we’ve settled into a rhythm it’s time to update the community with what’s been happening behind the scenes. We’ve been steadily growing and have now hit 11 core contributors working on

We're excited to announce that the Chainlink (LINK-USD) options market is now live on Optimistic Ethereum Mainnet. Eligible traders can now buy and sell options on LINK instantly with low gas fees. Trade LINK options ➜ Our objective is to continue adding options markets for the most popular tokens in DeFi

Today we are excited to officially launch Lyra’s ETH Market Liquidity Pool with a two week liquidity mining program! This will allow Lyra to provide significantly more trading volume and offer better pricing. To get started providing liquidity, head to the pools page of the dApp. For the last

Lyra is launching liquidity incentives for options AMM liquidity providers (LPs). When deciding to provide liquidity to the AMM, it’s important to know the facts and risks associated with doing so. Things to knowYour funds will be locked for the duration of the roundIf you are unfamiliar with the

[Note 27/09: This blog has been updated to reflect the new parameters for the liquidity mining program as described in LEAP-3] Today we are announcing the start of a trial liquidity mining program, designed to increase the supply of sUSD on OE and enable a better experience for Lyra’

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. 1inch uses the Pathfinder algorithm which finds the best paths across over 60+ liquidity sources on

After a successful testnet beta and trading competition, we are excited to announce that Lyra has successfully integrated Chainlink Price Feeds, the industry-leading decentralized price oracle solution. Chainlink-powered decentralized oracles provide high-quality price data with high availability, resistance to manipulation, and transparency—a key input into Lyra’s novel options

We are proud to announce that Lyra is now live on the Optimistic Ethereum (OΞ) mainnet! To start trading head to https://app.lyra.finance or check out the onboarding guide. Lyra is the first project to be built natively for OΞ, accessing a design space that is unbounded by

Lyra is the first project to be built natively for OΞ, accessing a design space that is unbounded by the constraints of layer one. This allows new approaches to hard problems like options, which have complex pricing and risk mechanics that require OΞ’s scalability. We’re beyond excited to

Lyra is joining Immunefi to launch a smart contract bug bounty with up to $50,000 in rewards for critical vulnerabilities. Lyra is an options trading protocol on Ethereum. Designed natively for Optimism, Lyra is the first protocol to manage risk for liquidity providers, allowing it to offer the best

Today we are introducing the Lyra Launch Council, a community elected group that will oversee the launch of the protocol and token. In just two months, Lyra has grown from a handful of core contributors to a vibrant community with over 6000 discord members. After a successful testnet and trading

The Lyra trading competition is officially in the books! We’re thrilled with the community participation and the feedback we got throughout. If you missed the first competition wrap-up, check it out here. This post will examine how the AMM performed during the trading competition. Before we get into the

We’re excited to announce that the LyraDAO has received a $1M contribution from the synthetixDAO. DAOs have come of age in 2021, with DeFi and NFT projects alike opting for their flexible structure. Synthetix has been one of the pioneers of the movement, proving that it is possible to

Maybe you sat on the sidelines of the trading competition thinking ‘I am not a super pro options trader, when will it be my turn for glory?’ Now is your chance, an opportunity to share your creativity with the world. A content creation challenge with $3000USDC on the line. There

Wow! It might not have been the most realistic options trading competition, but it certainly wasn't boring. This post will look at some high level trends we observed in the competition, how we dealt with a bot attack, and what we learned from the process. SetupEach participant was given $100,

We’re excited to announce that Lyra has raised $3.3M co-led by the largest venture capital firms in DeFi, Framework Ventures and ParaFi Capital, with support from the DeFi Alliance, Divergence, Orthogonal, Robot Ventures, Apollo Capital and Magnet Capital. Lyra is the first options protocol to manage risk for

It’s hardly a secret that automated market maker (AMM) liquidity providers (LPs) incur impermanent loss (IL). As an AMM, Lyra is no exception. We believe in transparency and want to give prospective LPs as much information as possible about how our system performs in adverse environments, along with the

Calling all options traders and members of the Lyra Legion. It is time to prove your trading chops and shed blood protecting the future of France as we know it in the Lyra Trading Competition. Lyra Finance is the most complete decentralized options trading protocol built on Ethereum. Lyra combines

A brief overview of the logical framework we use for parameter setting and the factors we consider, using the initialized ETH parameters as an example. read more at https://www.lyra.finance

Lyra is excited to announce that we have deployed to OΞ testnet and invite you to come and check out our trading dApp.