Yesterday, the migration from LYRA to LDX began.
To accelerate development times and reduce user costs, the DAO voted to migrate by taking a snapshot (May 8 12:00 AM UTC) of all LYRA and stkLYRA balances across all networks.
Ready to learn Lyra? 📚
We’ve teamed up with
@layer3xyz
to launch an Options Quest and reward users for using the protocol on
@arbitrum
! 
Check out the details 👇
Lyra is going modular 🧙🧙🧙🧙
We’re upgrading Lyra Chain, powered by the
@optimism
OP Stack and
@celestiaorg
— the leader in modular data availability.
With Celestia underneath ✨, Lyra takes another step towards creating the largest source of crypto options liquidity.
Just over 24 hours to go until $LYRA officially launches.
We know that bridging ETH from L1 isn't cheap, and for some of you, this has been a barrier to getting involved with Lyra.
The LyraDAO has decided to seed every community rewards address with 0.011 ETH on
@optimismPBC
.
Calling all traders 🏅
You’re invited to the Lyra ‘Trade The Merge’ options trading competition with over $30,000 in $OP prizes.
📈 or 📉? Put those merge theories to the test.
Read more:
On December 14th, the $LYRA token will launch on
@optimismPBC
. This will be an important milestone for the Lyra community. The launch will be paired with a liquidity mining program on Optimistic
@Uniswap
.
Read more:
LYRA is Live!⭐️
After 6 weeks of Ignition, we’re thrilled to announce the launch of $LYRA, the native token of the Lyra protocol. Today, 65m LYRA tokens are being distributed to almost 16,000 addresses.
A proposal to deploy Lyra on
@arbitrum
, integrating with
@GMX_IO
as the source of liquidity to collateralize and delta hedge the AMM is now live.
Read more below 👇
1/ It's time for an upgrade. 🛠️
We’ve built an options AMM that can integrate with any perpetual exchange on any EVM compatible chain, providing lower fees for traders and better capital efficiency for LPs.
We’re pleased to announce a retroactive community reward program to give back to everyone who has played a part in our journey so far:
- The Lyra discord community⭐
- Early traders📈
- Pre-ignition LPs 🔥
Read more:
Lyra will begin a trial liquidity mining program, distributing 750,000 $LYRA starting at 12am UTC, 13th September.
This is the first chance for the community to earn $LYRA and an exclusive opportunity to access the token pre-launch.
Read more below 👇
Deposits are now live on
@Arbitrum
! 💚
Users can deposit USDC into the ETH Market Maker Vault in preparation for the upcoming Newport launch. MMVs allow Liquidity Providers to earn fees from trading along with stkLYRA rewards.
Deposit here ➡️
Something looks different...👀
We’re launching Avalon testnet, the next evolution of the Lyra protocol, and we’re looking for early Alpha testers.
Join the waitlist:
1/ Announcing Lyra, DeFi’s first complete options AMM:
✅ Unified liquidity across all strikes and expiries
✅ Market driven volatility surface fed into a Black Scholes pricing model
✅ Automated delta hedging for LPs
✅ Instant transactions, with long & short options positions
The LINK (LINK-USD) options market is now live for trading on Layer 2. Buy and sell options on $LINK instantly with low gas fees.
This marks the start of Lyra's expansion to offer liquid options markets for all major DeFi tokens.
Read the announcement:
We’re delighted to announce that Lyra has raised $3m from
@hiFramework
and
@GSR_io
.
This will serve to diversify the treasury and bolster the long-term resilience of the protocol as the primary source for options liquidity in DeFi.
Today we're thrilled to announce that Lyra has partnered with
@HopProtocol
to provide seamless bridging from Ethereum Mainnet to
@optimismPBC
.
This integration provides a significant improvement in the onboarding experience to L2.🐰
#L222
Read more:
Introducing Lyra Wallet, powered by
@CoinbaseCloud
.
Lyra now supports creating a wallet with email, Google and Apple accounts.
Under the hood we use a new embedded wallet feature by
@CoinbaseCloud
’s Wallet as a Service.
Just like your favorite CEX, but 100% self-custodial.
Looking for a sign to start your journey into ZK-Rollups?✨
We're partnering with
@StarkWareLtd
to offer a grant of $10,000 to any developer who implements a Black Scholes library in Cairo and deploys it on
#StarkNet
.
Read more:
⭐️We're thrilled to share the 2022 Roadmap for Lyra.
Introducing the Avalon release, a comprehensive tokenomics proposal for $LYRA, structured products and more.
Read more:
Lyra is grateful to be receiving 386,311 $ARB 🧡💙
We are proud to be a part of the
@arbitrum
ecosystem and look forward to contributing to it's growth into the future. 🥂
The Ignition has begun.🔥
Trade, stake and provide liquidity to earn $LYRA. This is your opportunity to be part of the future of decentralized options trading.
Read the announcement here:
You're invited to Lyra Town Hall, an event for the community to celebrate the success of Lyra so far and get ready for the token launch.⭐️
Town Hall will run on Dec 1-2 & feature guests from:
-
@HopProtocol
-
@OlympusDAO
-
@snxambassadors
Read more👇
Thank you Spartans!⚔️
A
@synthetix_io
governance proposal has passed to lower the L2 collateral ratio to 600%. This makes it more capital efficient to mint sUSD with $SNX on
@optimismPBC
. This is a great opportunity to bring down the sUSD peg and support Lyra traders.
⭐️We're thrilled to announce that Lyra has integrated with
@1inch
on
@optimismPBC
to provide instant in-app swapping. This is a huge usability win, allowing traders to acquire synths in a single transaction without leaving the Lyra dApp.
⏰ We’re getting close…
In under 24 hours, traders will be able to access Lyra’s option liquidity on
@Arbitrum
for the first time.
Join us for a launch day AMA with
@GMX_IO
👇
Over the weekend the market experienced extreme volatility with CEXs experiencing downtime - how did Lyra do?📈
- $8m in notional volume for the weekly expiry alone
- ATHs for long put and short call volume
- $ETH LPs remained profitable with delta hedging yet to be enabled
Upgraded trading on
@optimismFND
is now live!
We’ve relaunched our OP deploy with a new AMM that:
📊 Increases the portion fees directed to LPs
💱 Can access 40+ new markets on
@synthetix_io
🪙 Uses USDC to trade and LP
Learn more:
Join us for Lyra Live 3, a conversation with
@kaiynne
,
@hasufl
,
@0xmjs
and
@itseneff
to discuss whether L2 can take DeFi to the next level.
📆Wednesday 24 Nov, 8am UTC
📍Twitter spaces:
🐰We're excited to host the
@HopProtocol
team on Day 2 of Lyra Town Hall to learn more about the role that Hop is playing to scale Ethereum with their fast bridge to L2.
Tune in for an AMA here on Twitter spaces - Dec 2, 4pm EST.
📅Set a reminder:
Today we launched an updated brand, including a revamped trading dapp and landing page.
This was all inspired by one mission: to build an open options protocol with no gatekeepers and no rent-seekers, owned by the community.⭐️
👉
It’s time to add fuel to the volatility engine…
A new suite of LYRA token programs that aligns governance, traders, and LPs is now live. LYRA staking, vault incentives, and boosting mechanics will combine to usher in a new era for the protocol.
A thread:👇
⭐️We're excited to announce the next installment of Lyra Live! Join us for a conversation with none other than
@ChainLinkGod
to discuss the future of oracles on Layer 2 Ethereum.
📆Wednesday, September 29 at 8pm EST
📍Twitter spaces:
Giveaway time 🐰💚
We're partnering with
@HopProtocol
as the official bridge of our 'Trade The Merge' Competition.
To celebrate, 5 traders who bridge to Optimism using Hop and trade more than $100 on Lyra will receive a share of $10,000 in $OP. GL!
👉
New markets are now open for deposit 📥
Add USDC liquidity and start earning in the ETH, WBTC, OP and ARB option market maker vaults on
@optimismFND
integrating with
@synthetix_io
.
👉
LDX airdrop farming is now LIVE ⚡️
LDX is the new utility token for the Lyra Derivatives Network.
LYRA holders can stake and lock to start earning their LDX airdrop 👉
What is LDX? Let’s unpack ↓
$SOL option markets are now live☀️
There is over $800k of active liquidity in the SOL Market Maker Vault - it's time to trade.
Access reliable liquidity on Lyra, get started ↓
🃏There are many great poker players in crypto, we're betting that some are from Lyra.
Introducing the inaugural OP Ecosystem Poker Tournament, a battle to find out which community on
@optimismPBC
has the top poker talent. Nominate 3 of your best…or luckiest.💚
⭐️We're excited to announce a $1M contribution from the synthetixDAO.
DAO to DAO activities will create new value as communities come together to build things that aren’t possible on their own.
@synthetix_io
Spartans, welcome to The Legion 🤝⚔️
🔥It’s game time
In 12 hours, 40 players from 15 projects in the
@optimismPBC
ecosystem will go head to head in a poker tournament for ~$10,000 in prizes. 👇
We're sold out.
Traders have utilized 100% of the liquidity available in the ETH option market on
@arbitrum
with $20m in open interest in that market alone.
Options have been a key financial primitive for thousands of years. From hedging the outcome of olive harvests in Ancient Greece to the formation of the CBOE in 1973 - options have always adapted to a changing world.
A thread of options history you didn't know you needed👇
The SOL (SOL-USD) options market is now live for trading on
@optimismPBC
. Buy and sell options on $SOL instantly with low gas fees.
This continues Lyra's expansion to offer liquid options markets for all major DeFi tokens.
Read the announcement:
Under 3 days left to deposit for the final round of Ignition - the last opportunity to earn before $LYRA goes live.
⭐️LP rewards for the whole round will be claimable on Dec 14th.
Deposit before 9pm UTC Dec 10th 👉
It was 6 months ago today that we announced the prize for our testnet trading comp, 3 x
@BoredApeYC
NFTs. They were 7 ETH each at the time.
Should we do another trading competition?👀
Apes. Together. Strong.🐵
⭐️The top 3 performing traders in the Lyra Trading Competition will each receive a
@BoredApeYC
NFT along with a cash prize!
🔎Find out more
📜Long have reply guys been the outcast of Crypto Twitter. Not this time...
Win $7,500 in prizes by creating educational Twitter and Youtube content about Lyra. Get rewarded based on quality, reach and humour.
Read more ↓
The $ETH market is now live.
Since the start of the Lyra trial liquidity mining program 4 days ago, the supply of sUSD on
@optimismPBC
has more than doubled. There is now ~$6m of liquidity in the AMM. We are grateful for this amazing community - we're just getting started.⭐️
🏅Next week Lyra will be running a testnet trading competition with 50,000 $LYRA in prizes.
This will be open to those in the Alpha program and a select group of active Lyra traders and DeFi communities.
Read the announcement ↓