Lyra Testnet Now Live

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

Lyra is excited to announce that we have deployed to OΞ Kovan and invite you to come and check out our trading dApp. We can’t wait to see you dig into what we’ve built. Explore, trade, and learn more about the power of L2 options to get leverage, hedge your portfolios and earn yield with us on the Lyra protocol. By opening testnet, we are inviting the community to get involved in all aspects of the project and provide valuable feedback which will shape the direction of Lyra. It also allows us to continue to iterate on the dApp and mechanism, ensuring that Lyra is ready for OΞ mainnet.

The contracts have been deployed onto the Optimistic-Kovan testnet. This allows you as a trader, to experience the benefits in usability that L2 provides first hand. Lyra has seeded the initial liquidity into the system. We'll be opening up our LP interface over the coming weeks. Don't worry about bringing your own ETH and tokens to trade with, we've got you covered.

How to access the testnet

1. Go to

2. Connect using Metamask (ensure you are connected to the Optimism Kovan Test Network).

3. Claim your tokens.

4. When you're ready, click start trading and explore!

Support & Feedback

The purpose of opening the testnet is to observe how the mechanism that we have built performs under pressure, provide an opportunity for the community to be involved in shaping the trading experience and to test the usability of the dApp. We have conducted extensive internal tests, however there are likely still small bugs, improvements and additions that should be made to the protocol. We encourage you to share your opinion about what we've built - this way we can create something that truly satisfies the needs of our valued community members. We have created a dedicated channel in the Lyra discord called #🧪Testnet to discuss the dApp, keep track of suggestions and gather feedback. We'd love to hear your thoughts on the experience, the mechanism and

Link to the feedback channel

What's next?

The next stage on our roadmap to launching on mainnet is the Lyra Testnet Trading Competition which will start in under two weeks on July 12th. More information on how to enter and the prizes will be released in the coming days.

Join the Community

Stay tuned for more important updates, key date announcements, and exciting opportunities by following us on Twitter.

Join the Lyra community on Discord to get involved; provide early feedback, be the first to learn about new opportunities with Lyra, and be a part of building a new DeFi community.

The storm provides ⚡ ⛈️ 🌪️