Lyra is launching a yield product which can automate and package up any yield-bearing derivatives trade into a composable erc20, starting with the basis trade and covered calls on EigenLayer and LRTs.
Lyra is the feature-complete derivatives DEX. Trade options and perpetuals with cross-asset collateral, cross-margin, portfolio margin and the superpower of self-custody.
A DEX, or decentralized exchange, is a peer-to-peer marketplace where transactions
occur directly between traders. DEXs foster financial transactions that aren't
officiated by banks, brokers, or any other intermediary. Their key features
include self-custody, transparency, borderless transactions and immutability. As a
user of a DEX, you control your private key and no centralized entity can access
your funds or make trades on your behalf.
What is the LDX token?
The LDX token is the utility token of the Lyra Protocol and L2. It enables governance of the Lyra DAO and aligns interests between various stakeholders. Learn more
What is the Lyra Protocol?
The Lyra Protocol is a permissionless protocol that settles perpetuals, options and spot trades. The protocol is deployed to Lyra Chain, an Optimistic Rollup that settles to the Ethereum blockchain. The protocol is governed by the Lyra DAO and LYRA token holders. Learn more
Can US citizens use the Lyra Exchange?
No, Lyra Exchange and its products are not available to customers in the United States.Our platform is unavailable in the following regions: Australia, the United States of America, Canada, Panama, Iran, Iraq, Libya, Mali, Nicaragua, Cuba, Democratic People’s Republic of Korea (North Korea), Russia, Somalia, Sudan, Syria, Yemen, Zimbabwe, Myanmar (Burma), Cote D’Ivoire (Ivory Coast), Democratic Republic of Congo, the regions of Crimea, Donetsk, or LuhanskRead our Terms of Use for more details.