Lyra Finance
Decentralized options protocol for trading crypto options with dynamic volatility pricing
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Lyra Finance Price Chart
About Lyra Finance
Lyra Finance is a decentralized options automated market maker (AMM) built on Ethereum L2 networks. Unlike order book options exchanges, Lyra uses an AMM model where liquidity providers deposit into pools that collectively write options. Lyra's pricing engine uses the Black-Scholes model enhanced with dynamic volatility surface tracking, giving options buyers accurate market-based pricing. Traders can buy call and put options on ETH, BTC, and other assets with expirations ranging from days to months. Liquidity providers earn premiums for writing options but bear delta and vega risk. Lyra has rebranded components and expanded to become Derive, a broader derivatives infrastructure protocol. LYRA token holders govern the protocol and receive fee distributions.
History
How to Swap LYRA
Swapping Lyra Finance (LYRA) on SyntheticSwap requires no account or KYC. LYRA is an Arbitrum-native or Arbitrum-bridged token, supported by MetaMask (Arbitrum One network), Trust Wallet, and Ledger Live. Select LYRA in SyntheticSwap, choose your destination asset, enter a receiving wallet address, and confirm the live exchange rate. After sending LYRA to the provided deposit address, your swap settles quickly and the destination asset is sent directly to your wallet.
How to Store LYRA
Store LYRA in any EVM-compatible wallet: MetaMask, Ledger, or Trezor. LYRA operates on Optimism and Ethereum as ERC-20 tokens.
