LyraAnnouncing Lyra V2
TLDRLyra 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 for portfolio margin, cross-margin and multi-asset collateral.The Lyra DAO earns trading fees from the Lyra Protocol and gas fees from the Lyra Chain, governed by LYRA to...
LyraLyra V2: The DEX For Pro Traders
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 redesigned, feature-complete, self-custodial, highly capital-efficient, on-chain options, perpetuals, and spot exchange with a CEX-like user experience. The melding of self-custody with advanced feature...
LyraA Technical Overview of Lyra V2
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 contribute to its journey toward complete decentralization.ModularityLyra V1 pioneered the options AMM space, but its major limitation has been its monolithic des...
$LYRA is the volatility engine that powers DeFi Options. Start trading now ↓
LyraAnnouncing Lyra V2
TLDRLyra 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 for portfolio margin, cross-margin and multi-asset collateral.The Lyra DAO earns trading fees from the Lyra Protocol and gas fees from the Lyra Chain, governed by LYRA to...
LyraLyra V2: The DEX For Pro Traders
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 redesigned, feature-complete, self-custodial, highly capital-efficient, on-chain options, perpetuals, and spot exchange with a CEX-like user experience. The melding of self-custody with advanced feature...
LyraA Technical Overview of Lyra V2
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 contribute to its journey toward complete decentralization.ModularityLyra V1 pioneered the options AMM space, but its major limitation has been its monolithic des...
$LYRA is the volatility engine that powers DeFi Options. Start trading now ↓
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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 same total supply as LYRA
LDX will be airdropped in Q3 2024
Over the last 3 years the Lyra ecosystem has expanded from an options AMM to include a Chain, Protocol, Exchange and Wallet, becoming the first capital efficient and composable primitive for perps and options trading on any ERC-20.
This new scope demands a token native to the network.
Enter LDX, the utility token for the Lyra Derivatives Network.
You can earn LDX in two ways:
Farming: Hold LYRA to farm LDX, starting today
Trading: Trade perps and options to earn LDX, starting May 8 — there will be multiple airdrops for traders
LDX will be airdropped to farmers and traders in Q3 2024. Additionally, existing LYRA holders will be migrated 1:1 to LDX with the same total supply.
LYRA holders can farm LDX by staking and locking LYRA at lyra.finance/airdrop.
LYRA holders earn 1 Holder Point per LYRA per hour. The more Holder Points you earn, the larger your LDX airdrop will be. The last day to stake and lock LYRA is May 8 when balances are snapshotted.
There are three ways to farm LDX:
If you are holding stkLYRA on Ethereum mainnet via gov.lyra.finance you are automatically earning Holder Points
LYRA holders can stake using a new, cheaper sink contract on Ethereum, Optimism, and Arbitrum via lyra.finance/airdrop to earn Holder Points
Traders earning LYRA trading rewards over the last 3 months can “commit” their rewards to be staked and start earning Holder Points immediately — all pending and future LYRA trading rewards until the May 8 snapshot will be automatically staked and not claimable.
Holder Points will be forfeited by LYRA holders that:
Unstake via gov.lyra.finance or contracts after April 19
Claim rewards via contracts after committing them to be staked
On May 8 12:00 AM UTC, all LYRA and stkLYRA balances on Ethereum, Optimism and Arbitrum will be snapshotted:
LYRA will be migrated 1:1 to LDX
The total supply of LDX will be the same as the total supply of LYRA
LYRA will migrate 1:1 to LDX regardless of whether it is staked and locked — farmers and traders will be airdropped additional LDX
Migrated LDX will be claimable in Q3 2024
Before the snapshot on May 8, it is essential that LYRA Uniswap LPs withdraw their LP positions. LPs are encouraged to withdraw by May 1 when incentives end for Arrakis on Ethereum mainnet, Camelot on Arbitrum and Velodrome on Optimism. Uniswap LPs can refer to this guide for instructions on how to withdraw.
The timeline for the LYRA to LDX migration is as follows:
April 19: Proposal approved, LDX farming starts
April 24: LYRA trading rewards are claimable
May 1: Uniswap LP incentives end
May 8: LYRA balances are snapshotted
Q3 2024: LDX is claimable 1:1 for LYRA, and additional LDX is airdropped to farmers and traders
The storm provides ⚡️⛈️🌪️
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 same total supply as LYRA
LDX will be airdropped in Q3 2024
Over the last 3 years the Lyra ecosystem has expanded from an options AMM to include a Chain, Protocol, Exchange and Wallet, becoming the first capital efficient and composable primitive for perps and options trading on any ERC-20.
This new scope demands a token native to the network.
Enter LDX, the utility token for the Lyra Derivatives Network.
You can earn LDX in two ways:
Farming: Hold LYRA to farm LDX, starting today
Trading: Trade perps and options to earn LDX, starting May 8 — there will be multiple airdrops for traders
LDX will be airdropped to farmers and traders in Q3 2024. Additionally, existing LYRA holders will be migrated 1:1 to LDX with the same total supply.
LYRA holders can farm LDX by staking and locking LYRA at lyra.finance/airdrop.
LYRA holders earn 1 Holder Point per LYRA per hour. The more Holder Points you earn, the larger your LDX airdrop will be. The last day to stake and lock LYRA is May 8 when balances are snapshotted.
There are three ways to farm LDX:
If you are holding stkLYRA on Ethereum mainnet via gov.lyra.finance you are automatically earning Holder Points
LYRA holders can stake using a new, cheaper sink contract on Ethereum, Optimism, and Arbitrum via lyra.finance/airdrop to earn Holder Points
Traders earning LYRA trading rewards over the last 3 months can “commit” their rewards to be staked and start earning Holder Points immediately — all pending and future LYRA trading rewards until the May 8 snapshot will be automatically staked and not claimable.
Holder Points will be forfeited by LYRA holders that:
Unstake via gov.lyra.finance or contracts after April 19
Claim rewards via contracts after committing them to be staked
On May 8 12:00 AM UTC, all LYRA and stkLYRA balances on Ethereum, Optimism and Arbitrum will be snapshotted:
LYRA will be migrated 1:1 to LDX
The total supply of LDX will be the same as the total supply of LYRA
LYRA will migrate 1:1 to LDX regardless of whether it is staked and locked — farmers and traders will be airdropped additional LDX
Migrated LDX will be claimable in Q3 2024
Before the snapshot on May 8, it is essential that LYRA Uniswap LPs withdraw their LP positions. LPs are encouraged to withdraw by May 1 when incentives end for Arrakis on Ethereum mainnet, Camelot on Arbitrum and Velodrome on Optimism. Uniswap LPs can refer to this guide for instructions on how to withdraw.
The timeline for the LYRA to LDX migration is as follows:
April 19: Proposal approved, LDX farming starts
April 24: LYRA trading rewards are claimable
May 1: Uniswap LP incentives end
May 8: LYRA balances are snapshotted
Q3 2024: LDX is claimable 1:1 for LYRA, and additional LDX is airdropped to farmers and traders
The storm provides ⚡️⛈️🌪️
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