The Lyra Protocol will soon deploy on Arbitrum, our first step in multichain expansion. To avoid liquidity fragmentation across multiple L2s, Lyra will migrate to Ethereum mainnet as a secure and unbiased home for staking. In addition, migrating LYRA staking to mainnet introduces the following benefits: On-chain staking Staking rewards
We’re thrilled to announce that Lyra’s Security Module [https://blog.lyra.finance/introducing-the-lyra-security-module/] now accepts deposits in LYRA on Layer 1 Ethereum. As outlined in LEAP-13 [https://leaps.lyra.finance/leaps/leap-13], there will be a total of 3,000,000 LYRA distributed to stakers between today (January
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
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:
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+
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.