OP Chain List


Lyra Finance is a decentralized options trading platform that was built natively for Ethereum Layer 2 blockchains , accessing the scalability and performance of rollup technology with the security and composability of Ethereum. Lyra uses automated market maker (AMM) technology to provide liquidity for decentralized options contracts. This means that traders can buy and sell options instantly with low gas fees. Lyra also supports a variety of options contracts, including calls, puts, and straddles. They wanted to go one step further and introduced v2.
Lyra V2 represents a substantial leap forward for the Lyra Finance protocol, presently in active development. A defining characteristic of this upgrade is its reliance on the custom Ethereum rollup, Lyra Chain, meticulously designed to cultivate a scalable and cost-efficient environment tailored for options trading. Lyra V2 is slated to introduce a host of refinements, with a primary focus on enhancing capital efficiency. A novel margining system is set to revolutionize capital allocation, empowering traders to utilize higher leverage while concurrently managing risk more adeptly.
A pivotal facet of Lyra V2's development lies in its modular architecture, meticulously crafted to simplify the incorporation of future features and functionalities into the protocol seamlessly. This approach fosters rapid upgradability, a testament to the protocol's adaptability and its capability to swiftly deploy fixes and novel capabilities. Security stands as a paramount concern, and Lyra V2's foundation is constructed atop the secure and decentralized Lyra Chain, an Ethereum rollup. This robust footing aligns perfectly with the protocol's fundamental objective: delivering a dependable and secure ecosystem for options trading.
Gas Token: TBA