derive
Within 1 year
An options automated market maker (AMM)
Influence
E
Website
https://www.derive.xyz/
Blog
CMC
Doc
X
CoinGecko
Defillama
Tags ：
DeFi
Derivatives
Options
Layer3
Ecology ：
Arbitrum
Optimism
Established：
2024
Location:
United Kingdom
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Introduction
Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
Project Details
Team
Fundraising
Significant Events
Website
Similar Projects
Review
News
Project Details
Introduction
Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
Team
Michael Spain Co-Founder
Jake Fitzgerald
Nick Forster Co-Founder
Fundraising
Lead
Lead
Significant Events
2024-08
Lyra rebranded to Derive
2022-11
Derive raised $ 3 M in strategic financing
2021-07
Derive raised $ 3.3 M in funding round
Website
derive.xyz
Server Location
United States
Most visited countries/areas
--
Domain
derive.xyz
ICP registration
--
Website
--
Company
--
Domain Effective Date
--
Server IP
76.76.21.21
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News
Lyra is now Derive
2024-08-28 00:00
Lyra Finance offre une exposition à effet de levier à ETH via Ethena
2024-07-11 00:00
Lyra Finance: The Leading Onchain Options Protocol
2023-09-18 00:00
Lyra Raises $3m Strategic Round led by Framework Ventures & GSR
2022-11-30 00:00
Lyra DAO raises $3.3m
2021-07-26 00:00