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
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 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 ➜ [https://app.lyra.finance/trade/link]Our objective is to continue adding options markets for
Following a successful launch on Optimistic Ethereum, we are thrilled to announce that Lyra has integrated with the 1inch Network [https://1inch.io/] 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+
After a successful testnet beta and trading competition, we are excited to announce that Lyra has successfully integrated Chainlink Price Feeds [https://data.chain.link/], 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 is joining Immunefi [https://immunefi.com/] 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
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 [https://blog.lyra.finance/trading-competition-reflections/]. This post will examine how the AMM performed during the trading competition.
We’re excited to announce that Lyra has raised $3.3M co-led by the largest venture capital firms in DeFi, Framework Ventures [https://framework.ventures/] and ParaFi Capital [https://www.parafi.capital/], with support from the DeFi Alliance [https://www.defialliance.co/], Divergence [https://www.divergence-protocol.com/], Orthogonal [https://orthogonal.
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