What is Lyra Finance (LYRA)?
Lyra Finance is an automated market maker for trading options on ERC-20 tokens on the Optimistic blockchain.
Michael Spain and Nick Forster launched Lyra Finance in 2021. Since then, the protocol boasts $1.08 billion in trading volume, $33.6 million in TVL, and 165.7k in number of trades.
How Lyra Finance (LYRA) Works
Lyra Finance has two key user groups: liquidity providers and options traders. Liquidity providers deposit sUSD or USDC into one of the asset-specific Market Maker Vaults (MMV) to receive trading fees, while traders use Lyra to trade options.
To price options, Lyra Finance uses the Black-Scholes model, which calculates the price based on the asset price, strike price, risk-free interest rate, time to expiry, and implied volatility. The AMM adjusts implied volatility for each strike and expiry based on supply and demand to converge to a market-clearing value.
To protect existing LPs, various deposit/withdrawal circuit breakers are used. Moreover, a multisig under the control of two core contributors and five members of the council can approve deposits manually only when they have been signaled for a sufficient period of time. This is to make sure that the circuit breaker doesn't stop funds from entering the pool for too long. The goal is to keep the MMV close to delta-neutral, so fluctuations in PNL are reduced for LPs.
How Many Lyra Finance (LYRA) Tokens Are in Circulation?
LYRA token has a total supply of 1,000,000,000, among which 65,000,000 tokens are being circulated.
How to Buy Lyra Finance (LYRA)
Consider investing in Lyra Finance (LYRA)? It only takes 2 minutes to create an account on Bitget and start trading LYRA.
Check out the available LYRA trading pairs on Bitget!
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Lyra Finance (LYRA) Resources
Simple 3-step guide to buying LYRA today in Gabon
Create your free Bitget account
Select a funding method
Complete your Lyra Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Lyra Finance using a payment method of your choice:
Buy Lyra Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Lyra Finance order.
How to buy crypto with credit/debit cardBuy Lyra Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Lyra Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Lyra Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Lyra Finance order.Buy Lyra Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Lyra Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Lyra Finance in your Bitget spot wallet
Bitget—where the world trades Lyra Finance
How to buy Lyra Finance for free
- Learn how to earn Lyra Finance for free through the Learn2Earn promotion
- Earn free Lyra Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Lyra Finance airdrops by joining On-going challenges and promotions
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Gabon is located in central Africa, straddling the equator. The southern part of Gabon has a savanna climate and the northern part of Gabon has a tropical rainforest climate. Libreville is the capital and largest city of Gabon, located on the northern shore of the Gulf of Gabon in the western Atlantic Ocean.
The official language of Gabon is French, which is supported by both Bitget app and website. The national currency in Gabon is the Central African CFA franc (XAF). Whether you are in Franceville, Oyem or Lambarene, Bitget is ready to serve you with all kinds of needs in cryptocurrency. Bitget offers secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.
Gabon is rich in resources, mainly oil, timber and manganese ore. The oil-based extractive industry is an important economic pillar, accounting for nearly 50% of the country's total revenue. Gabon is an important producer of manganese ore, ranking second in the world after South Africa. Forest resources are abundant, with a forest cover of 85%. In recent years, Gabon has received significant foreign investment in the agricultural sector, particularly in the areas of rubber and palm oil.