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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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 experiments (e.g. Trading competitions).
Rewards are finalized at the end of each 7-day epoch, with the total 150,000,000 LYRA distributed across the 24-month period. The distribution begins with 1,250,000 LYRA for each of the first four epochs, increasing incrementally in subsequent epochs. The peak distribution reaches 2,500,000 LYRA per epoch from the 9th to the 24th epoch, after which it gradually decreases.
How Do I Maximize Rewards? It’s simple.
Trade more options
Trade more perps
Generate more fees
Participants can claim their rewards on the Lyra chain, either through smart contracts or directly via the user interface (UI). Earned LYRA rewards are disbursed at each epoch's conclusion, with a special provision during the "launch season" where all rewards are distributed at the end of the 12th epoch.
Growth Experiments in the Lyra Finance V2 ecosystem are allocated 15% of each epoch's taker rewards. These tokens support specific initiatives aimed at increasing platform engagement and attracting new users:
Trading competitions
Referral programs
Retroactive Airdrops
This allocation directly contributes to the execution of these growth-focused activities.
Eligibility is restricted to individuals residing in jurisdictions where trading on Lyra is permitted under our terms of use. It's important to note that individuals from jurisdictions identified as restricted in our terms of use are not eligible to participate in this program.
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 experiments (e.g. Trading competitions).
Rewards are finalized at the end of each 7-day epoch, with the total 150,000,000 LYRA distributed across the 24-month period. The distribution begins with 1,250,000 LYRA for each of the first four epochs, increasing incrementally in subsequent epochs. The peak distribution reaches 2,500,000 LYRA per epoch from the 9th to the 24th epoch, after which it gradually decreases.
How Do I Maximize Rewards? It’s simple.
Trade more options
Trade more perps
Generate more fees
Participants can claim their rewards on the Lyra chain, either through smart contracts or directly via the user interface (UI). Earned LYRA rewards are disbursed at each epoch's conclusion, with a special provision during the "launch season" where all rewards are distributed at the end of the 12th epoch.
Growth Experiments in the Lyra Finance V2 ecosystem are allocated 15% of each epoch's taker rewards. These tokens support specific initiatives aimed at increasing platform engagement and attracting new users:
Trading competitions
Referral programs
Retroactive Airdrops
This allocation directly contributes to the execution of these growth-focused activities.
Eligibility is restricted to individuals residing in jurisdictions where trading on Lyra is permitted under our terms of use. It's important to note that individuals from jurisdictions identified as restricted in our terms of use are not eligible to participate in this program.
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