
Announcing 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...

Lyra 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...

A 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 ↓

Announcing 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...

Lyra 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...

A 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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