Derive Blog (Page 2)

Announcing Derive

Announcing Derive

TLDR Derive is a spot, perpetuals and options trading platform designed to be secure, performant and easy to use: * Derive Protocol, a decentralized settlement protocol for spot, perpetuals and options trading. * Derive Chain, an OP stack rollup providing high throughput, low cost settlement of transactions to Ethereum mainnet. * Support for

Lyra Onchain Governance

Lyra Onchain Governance

Lyra Governance V2 signals a progression from a representative council model, introducing a fully on-chain system that allows LYRA token holders to directly govern the protocol and treasury.

Lyra V1: Newport Upgrade

Lyra V1: Newport Upgrade

As we approach $1b in notional volume traded, it’s time to take another step forward in the evolution of The Lyra Protocol. This blog will share the implications of the Newport upgrade, covering how we’ve extended the protocols capability to integrate with any perpetual exchange on any EVM

Lyra Raises $3m Strategic Round led by Framework Ventures & GSR

Lyra Raises $3m Strategic Round led by Framework Ventures & GSR

Today, we’re delighted to announce that Lyra has raised $3m from Framework Ventures and GSR in a strategic round. Lyra will continue to work with respected and capable venture capital partners as the protocol continues building towards the vision of becoming the volatility engine that powers DeFi. In August

Lyra V1: Avalon Upgrade

Lyra V1: Avalon Upgrade

It’s here! We’re proud to announce the most significant upgrade to Lyra yet, Avalon. Now live on Optimistic Ethereum, Lyra Avalon builds off the strong foundation established in V1 (Two-sided options markets, unified liquidity, composable delta hedging) with a suite of new features which will offer the best

AMM Performance Update

AMM Performance Update

Now that nearly 9 rounds of trading are in the books, it's time to examine how the Lyra AMM has performed. We’ll first dive into the mechanics of the AMM and then dig into the numbers to see how the AMM has fared, and how it might

Crypto Options vs. Perps

Crypto Options vs. Perps

Options and perpetual futures provide traders with unique benefits compared to basic spot trading, which has led to their increasing popularity on both centralized and decentralized trading platforms. While options have less inherent risk (albeit still a risky product), perps are more cost effective. While this guide will not explore

The Greeks: Measuring Risk

The Greeks: Measuring Risk

Once a trader understands the basics of options trading, they should look more closely at the factors which dictate the movement of an option’s price. The Greeks are measurements of the different facets of risk that are required to quantify when pricing an option. They are used as tools

Crypto Options Basics

Crypto Options Basics

Options are one of the most versatile and composable primitives in finance. As of now they remain one of the most underutilized tools in DeFi. At Lyra we believe that this will be short lived, and crypto options markets will reach the tremendous scale currently seen in traditional finance. This

Lyra and StarkWare announce $10,000 Cairo Developer Grant

Lyra and StarkWare announce $10,000 Cairo Developer Grant

Lyra [http://lyra.finance/] is an options trading platform that was built natively for Layer 2 Ethereum, accessing the scalability and performance of rollup technology with the security and composability of the Ethereum network. ZK-STARKs [https://starkware.co/stark/], a novel invention by StarkWare [https://starkware.co/], provide an exciting

Lyra 2022 Roadmap

Lyra 2022 Roadmap

It’s been an incredible year for Lyra. In just a few months the protocol has supported over $110m in notional trading volume and over $120m TVL thanks to market-leading spreads, industry-leading UX, and unified options liquidity provision. We’ve assembled a strong and engaged community backed by a world-class

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 is being distributed to almost 16,000 addresses. LYRA will have three initial use cases: * Governing the protocol via election of the Lyra Council. * Securing the

Launching LYRA on Optimism

Launching LYRA on Optimism

We are excited to announce that the LYRA token will launch on Optimism next week with a one-month liquidity mining program for the LYRA/ETH pair. This will be the first token launch natively on layer two, allowing users to claim LYRA at a fraction of the cost that would

Lyra Integrates Chainlink Price Feeds on Optimism to Provide Accurate Options Pricing

Lyra Integrates Chainlink Price Feeds on Optimism to Provide Accurate Options Pricing

After a successful testnet beta and trading competition, we are excited to announce that Lyra has successfully integrated Chainlink Price Feeds [https://data.chain.link/], the industry-leading decentralized price oracle solution. Chainlink-powered decentralized oracles provide high-quality price data with high availability, resistance to manipulation, and transparency—a key input into

Lyra OΞ Mainnet Launch

Lyra OΞ Mainnet Launch

We are proud to announce that Lyra is now live on the Optimistic Ethereum (OΞ) mainnet! To start trading head to https://app.lyra.finance or check out the onboarding guide [https://blog.derive.xyz/onboarding-guide/]. Lyra is the first project to be built natively for OΞ, accessing a design

Lyra Bug Bounty

Lyra Bug Bounty

Lyra is joining Immunefi [https://immunefi.com/] to launch a smart contract bug bounty with up to $50,000 in rewards for critical vulnerabilities. Lyra is an options trading protocol on Ethereum. Designed natively for Optimism, Lyra is the first protocol to manage risk for liquidity providers, allowing it to

Introducing the Lyra Launch Council

Introducing the Lyra Launch Council

Today we are introducing the Lyra Launch Council, a community elected group that will oversee the launch of the protocol and token. In just two months, Lyra has grown from a handful of core contributors to a vibrant community with over 6000 discord members. After a successful testnet and trading

Testnet AMM Performance

The Lyra trading competition is officially in the books! We’re thrilled with the community participation and the feedback we got throughout. If you missed the first competition wrap-up, check it out here. This post will examine how the AMM performed during the trading competition. Before we get into the

LyraDAO receives $1M contribution from the synthetixDAO

LyraDAO receives $1M contribution from the synthetixDAO

We’re excited to announce that the LyraDAO has received a $1M contribution from the synthetixDAO. DAOs have come of age in 2021, with DeFi and NFT projects alike opting for their flexible structure. Synthetix has been one of the pioneers of the movement, proving that it is possible to

Lyra DAO raises $3.3m

Lyra DAO raises $3.3m

We’re excited to announce that Lyra has raised $3.3M co-led by the largest venture capital firms in DeFi, Framework Ventures [https://framework.ventures/] and ParaFi Capital [https://www.parafi.capital/], with support from the DeFi Alliance [https://www.defialliance.co/], Divergence [https://www.divergence-protocol.com/], Orthogonal [https://orthogonal.

Impermanent Loss in Extreme Market Conditions

Impermanent Loss in Extreme Market Conditions

It’s hardly a secret that automated market maker (AMM) liquidity providers (LPs) incur impermanent loss (IL). As an AMM, Lyra is no exception. We believe in transparency and want to give prospective LPs as much information as possible about how our system performs in adverse environments, along with the

Lyra Testnet Now Live

Lyra is excited to announce that we have deployed to OΞ testnet and invite you to come and check out our trading dApp.

Why Lyra manages risk

Why Lyra manages risk

Lyra’s risk management process is at the heart of its mechanism. Find out more at https://lyra.finance/

Introducing Lyra

We’re excited to introduce Lyra, DeFi's first complete options AMM. Find out more at https://lyra.finance/