Lyra - Lyra Blog

Lyra Avalon: Live on Optimism Mainnet

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

AMM Performance Update

Now that nearly 9 rounds of trading are in the books, it's time to examine how the Lyra AMM has performed. We’ll first dive into the mechanics of the AMM and then dig into the numbers to see how the AMM has fared, and how it might perform going

Introducing the Lyra GrantsDAO

We’re excited to announce that the Lyra GrantsDAO is active and looking forward to receiving proposals! This is a great step-forward for Lyra in its aim to become a fully decentralized protocol. The GrantDAO consists of five community and team members, who are tasked with authoring new request for

Crypto Options vs. Perps

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

Lyra integrates with Hop on Optimism

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.

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The Greeks: Measuring Risk

Once a trader understands the basics of options trading, they should look more closely at the factors which dictate the movement of an option’s price. The Greeks are measurements of the different facets of risk that are required to quantify when pricing an option. They are used as tools

Announcements

SOL options market now live

We're excited to announce that the Solana ($SOL) options market is now live on Optimistic Ethereum Mainnet. Traders can now trade call and put options on SOL instantly with low gas fees. Trade SOL options ➜ Our objective is to continue adding options markets for the most popular tokens in DeFi

Community

Community Ape Fund

Introducing the Ape Fund, $10,000 seeded from the DAO to be used to buy options, directed by the community through discord voting. Could we lose all the money, yes, but it's about the friends we make along the way right? At the start of every two weeks, the community

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Crypto Options Basics

Options are one of the most versatile and composable primitives in finance. As of now they remain one of the most underutilized tools in DeFi. At Lyra we believe that this will be short lived, and crypto options markets will reach the tremendous scale currently seen in traditional finance. This

Governance

Lyra Council Voting

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

Partnerships

Lyra and StarkWare announce $10,000 Cairo Developer Grant

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

Announcements

Introducing $LYRA SM Staking

We’re thrilled to announce that Lyra’s Security Module now accepts deposits in LYRA on Layer 1 Ethereum. As outlined in LEAP-13, there will be a total of 3,000,000 LYRA distributed to stakers between today (January 14) and April 1, 2022. Deposit $LYRA to the SM 👉 hereWhat

Announcements

Lyra 2022 Roadmap

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

Announcements

LYRA is live

After 6 weeks of Ignition, we’re thrilled to announce the launch of LYRA, the native token of the Lyra protocol. Today, 65m LYRA is being distributed to almost 16,000 addresses. LYRA will have three initial use cases: Governing the protocol via election of the Lyra Council.Securing the

Community

Lyra Community Rewards

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

Community

Lyra Town Hall | December 1-2, 2021

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

Announcements

Optimism Regenesis Scheduled Downtime

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

Product

Introducing the Lyra Security Module

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:

Developers

Lyra Protocol Engineering Update

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

Product

LINK options market now live

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

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Liquidity Provision Primer

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

Announcements

Lyra Trial Liquidity Mining Program

[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’

Partnerships

Lyra integrates with 1inch on Optimism

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

Partnerships

Lyra Integrates Chainlink Price Feeds on Optimism to Provide Accurate Options Pricing

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

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Onboarding Guide

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