TLDR * LDX is the new utility token for the Lyra Derivatives Network; an ecosystem including a Chain, Protocol, Exchange and Wallet * The LDX Farming Program allows LYRA holders to farm LDX, starting today * LYRA balances will be snapshotted on May 8 and migrated 1:1 to LDX — LDX has the

TLDR * Zero days to expiration (0DTE) options have taken markets by storm * 0DTE crypto options offer a uniquely attractive value proposition * Low-cost and minimal max loss * Higher volatility than TradFi 0DTE options on high beta tech stocks * No liquidation risk despite having higher leverage than perps * Transparency, self-custody, and 24/

"Options provide the cheapest access to leverage." After almost two years of down-only price action, the skies are clearing and the bulls are charging through the streets. Crypto options are so back. Since the last bull-cycle, 0 Days to Expiration (0DTE) options have rocketed in popularity. This blog

For those venturing into the world of options trading, the journey may initially appear overwhelming. Fortunately, the digital landscape is rich with educational content designed to unravel the complexities of this intricate field. Through a careful examination of numerous online tutorials, we have curated a list of the top five

TLDR Savvy traders are earning superhuman yields basis trading during Lyra Launch Season: * The basis trade is the godfather of non-directional, interest-bearing crypto trading strategies * Basis trading yields are the most bountiful in bull markets * Traders are currently earning ~$5 in LYRA rewards per $1 in fees paid * You can

TLDR Lyra Finance V2 introduces a focused trading incentives program: * Distribute 150,000,000 LYRA to drive user engagement and protocol adoption. * Rewards based on trading volume and fees, structured over 96 epochs. * Distribution and claiming will be on Lyra chain. * 15% of taker rewards will be allocated to growth

TLDR * Lyra V2 has officially democratized capital efficiency — portfolio margin, cross-asset collateral, and multiple accounts are live on Lyra V2 for all traders * This is novel for options and perps — a first-of-its-kind feature offering in DeFi * Users can now create up to 32 subaccounts to compartmentalize risk * Portfolio margined subaccounts

TLDR * The BTC ETF PVP trading competition marks the first phase of the Lyra V2 rollout, with the final phase slated for early January. It aims to: * Concentrate liquidity on a single asset (BTC) and expiry (Jan. 12th) * Create the highest-ever BTC options OI expiry in DeFi * Make V2 the

Partial liquidations are an essential aspect of the V2 overhaul - they swiftly remove risk from the system and ensure a maximally beneficial user experience for traders. The market impact of liquidations is reduced by closing over-extended positions incrementally, decreasing the likelihood of insolvency and cascading liquidations. Liquidating positions incrementally

The Lyra V2 Matcher is going open-source! There is much duplicate work being done on orderbooks in crypto, and much more to be done still, as the crypto techstack rapidly evolves. We felt it would only benefit the DeFi ecosystem, and ultimately our users, to open up the first all-in-one

We know Lyra V2 is coming. We know it’s made for pro traders. And we know it’s the most scalable derivatives protocol yet. But how did we build it all onchain? It’s time to find out how we leveraged the OP Stack to build Lyra Chain and

The Lyra V2 protocol is the culmination of 12 months of rigorous research and development. In this blog post, we deep dive into the key features of the protocol’s design, including its modular architecture, subaccount and asset management innovations, permissionless onchain risk checks and liquidations, and strategic trade-offs that

Despite comprising the vast majority of the decentralized crypto options market, trading over $1.5bn in notional volume, more than all other options DEXes combined, Lyra V1 was not fine-tuned for the discerning demands of smart money. The time is ripe for that to change. Enter Lyra V2, a fully

TLDR Lyra V2 is a spot, perpetuals and options trading platform designed to be secure, performant and easy to use: * Lyra Protocol, a decentralized settlement protocol for spot, perpetuals and options trading. * Lyra Chain, an OP stack rollup providing high throughput, low cost settlement of transactions to Ethereum mainnet. * Support

Lyra will soon experience a period of planned system unavailability due to the Optimism Bedrock upgrade. The scheduled start of the Bedrock upgrade is set for June 6th at 16:00 (UTC). This upgrade will result in a planned interruption of chain activity for approximately 4 hours, concluding on June