Lyra Finance LYRA
1. Summary
- Price
-
$0.001677280000 +13.3%
- Market Cap
- $1.05M (#3911)
- Supply
- 623.63M / 1.00B
- Description
-
Lyra Protocol Definition
Lyra Protocol Definition
Lyra Protocol is a decentralized, open-source infrastructure that provides permissionless, self-custodial margin trading of perpetuals, options, and spot, deployed on the Lyra Chain - an optimistic rollup Layer 2 solution.
Overview
Lyra Protocol is designed to enable traders to execute complex options strategies using decentralized liquidity pools. The protocol aims to improve liquidity efficiency by structuring liquidity providers' risks and actively hedging against those risks. This mechanism encourages more liquidity to enter the market, enhancing the overall trading experience.
Key Features
Lyra currently supports options trading for Ethereum (ETH) and Bitcoin (BTC) using its smart contract-based automated market maker (AMM) system. To ensure stability and transparency, the protocol includes risk management features such as a circuit breaker and an orderly liquidation process.
Security and Liquidity
To facilitate liquidity protection, Lyra employs a peer-to-protocol approach where liquidity providers deposit stablecoins (USDC or sUSD) into market maker vaults. These deposits are then used to hedge risks via Synthetix Perps on the Optimism blockchain. This mechanism protects liquidity providers from market imbalances and ensures the protocol remains functional under various market conditions.
Governance and Tokenomics
The LYRA token is the native utility token used for governance, reflecting the interests of both traders and liquidity providers. LYRA is also utilized for hybrid offchain/on-chain transactions and liquidity provision. The token's primary functions include:
- Backing deposits into the security module to ensure protocol stability.
- Participating in governance votes on network resource allocation.
- Enabling trader and liquidity provider incentives.
Innovations and Milestones
Lyra Protocol v2 stands out for its transition from an automated market maker (AMM) to a central limit order book (CLOB) system. This upgrade brings significant advancements in DeFi options trading, including:
- Portfolio margins and complex collateral management.
- Delta hedging and advanced risk management.
- On-chain settlement and flexible funding options.
- Spot market integration for efficient collateral optimization.
These robust features collectively make Lyra an influential player in the evolving DeFi landscape.
| Price | |
| 52W High price | $0.19 |
| 52W High date | 15th Dec 2023 (1 year ago) |
| All Time High (ATH) Date | 18th Dec 2021 (3 years ago) |
| ATH Price | $0.68 |
| % From ATH | -99.87% |
| All Time Low (ATL) Date | 17th Sep 2024 (3 months ago) |
| ATL Price | $0.000448610000 |
| % From ATL | 89.21% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $579.00 |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Circulating Supply | 623.63M |
LYRA
How does Lyra Finance's (LYRA) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
19.2%
LYRA
-4.2%
Similar Market Cap
60 Day Return
7.1%
LYRA
-2.7%
Similar Market Cap
1 Year Return
-99.0%
LYRA
-29.3%
Similar Market Cap
We're monitoring 30 Lyra Finance GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Lyra Finance Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 7
- Past year: 21 commits vs. an average of 104
Most Active Repos
| Past week | 25 |
|---|---|
| Past 12 weeks | 100 |
| Past year | 177 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 11 |
| Past year | 25 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 6 |
| Past year | 9 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 4 |
| Past year | 4 |
| Past week | 3 |
|---|---|
| Past 12 weeks | 3 |
| Past year | 3 |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
Top Developers 2024
In total, 56 developers have contributed to Lyra Finance over the past year. Who are the most active Lyra Finance developers, by commits, over the past year?
Related Projects
Developers working on Lyra Finance also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 579 |
-
lyra.finance/options/eth?ref=kolepixbt Official
-
lyra.finance/options/eth?ref=kolepixbt Official
-
blog.lyra.finance/ldx-farming-program/ Official
-
blog.lyra.finance/ldx-farming-program/ Official
-
blog.lyra.finance/ldx-farming-program/ Official
-
lyra.finance/airdrop Official
-
lyra.finance/airdrop Official
-
lyra.finance/airdrop Official
-
lyra.finance/options/eth?ref=socks Official
-
lyra.finance/options/eth?ref=socks Official
-
lyra.finance/options/eth?ref=socks Official
-
blog.lyra.finance/0dte-options-the-most-powerful-tool-in-finance/ Official
-
blog.lyra.finance/0dte-options-the-most-powerful-tool-in-finance/ Official
-
blog.lyra.finance/0dte-options-the-most-powerful-tool-in-finance/ Official
-
blog.lyra.finance/0dte-options-the-most-powerful-tool-in-finance/ Official
-
lyra.finance/portfolio Official
-
lyra.finance/portfolio Official
-
lyra.finance/portfolio Official
-
lyra.finance/portfolio Official
-
lyra.finance/portfolio Official
-
lyra.finance/options/ref=theblockprint Official
-
lyra.finance/options/ref=theblockprint Official
-
lyra.finance/options/ref=theblockprint Official
-
lyra.finance/options/ref=theblockprint Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://lyra.finance/ |
|---|---|
| Explorer | https://etherscan.io/token/0x01ba67aac7f75f647d942... |
| @lyrafinance |
What is the correct contract address for Lyra Finance?
| Ethereum | 0x01ba67aac7f75f647d94220cc98fb30fcc5105bf |
|---|---|
| Arbitrum-one | 0x079504b86d38119f859c4194765029f692b7b7aa |
| Optimistic-ethereum | 0x50c5725949a6f0c72e6c4a641f24049a917db0cb |
Has Lyra Finance been audited for security?
No security audits found for this project.
Are you the owner of Lyra Finance? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.