Lyra Finance revolutionizes Ethereum options trading with a unique, skew-adjusted pricing model and risk-managed liquidity, powered by the LYRA token. More
| Fully Diluted Valuation | $455,885 |
|---|---|
| 24H Trading Volume | $106 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 623.63M |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Categories | Options 6 more |
|---|---|
| Founder | Michael Spain |
| Website | app.lyra.finance |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Dex 5 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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In the ever-evolving landscape of decentralized finance (DeFi) on the Ethereum blockchain, Lyra Finance (LYRA) emerges as a trailblazing automated market maker (AMM) dedicated to trading European options. Rooted in an open protocol on Ethereum, Lyra introduces a groundbreaking market-based pricing model, meticulously adjusting for skew to ensure accurate option pricing. The platform's native utility token, LYRA, plays a pivotal role in securing the protocol, governing resource allocations, and incentivizing both traders and liquidity providers (LPs).
Lyra's innovative approach extends beyond pricing, actively managing risks for liquidity providers through strategic hedging. Traders benefit from the first-of-its-kind skew-adjusted pricing model, fostering a balanced marketplace where demand meets supply. LYRA tokens, integral to the ecosystem, find utility in depositing into the security module, participating in governance decisions, and driving incentives for traders and LPs. With the ability to accept stablecoins as collateral, Lyra's 28-day option rounds, featuring discrete expiries, epitomize a dynamic marketplace with two essential sub-pools: the Collateral Pool and the Delta Pool, working in tandem to collateralize options and hedge delta exposure, respectively. As the protocol responds efficiently to supply and demand, Lyra sets out to establish an equilibrium in implied volatility, enabling the AMM to collect fees without shouldering inherent risks. In essence, Lyra Finance emerges as a cutting-edge platform, redefining the landscape of options trading on Ethereum while providing a robust and balanced ecosystem for its users.
Lyra Finance stands out with its groundbreaking automated market maker (AMM) on Ethereum, featuring a first-of-its-kind skew-adjusted pricing model and risk-managed liquidity through the LYRA token.
Michael Spain is the co-founder of Lyra Finance.
Lyra Finance has garnered support from VC’s and investors such as Framework Ventures, ParaFi Capital, Divergence Ventures among others.
You can buy Lyra Finance (LYRA) on Uniswap V3 (Optimism), Velodrome Finance v2 cryptocurrency exchanges.
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