Liquidity providers deposit funds into Lyra and receive option premiums from traders (supply-side fees).

Lyra is a non-custodial options exchange built on Optimism. Lyra was founded by Michael Spain and Nick Forster and launched in 2021.

LYRA token holders own and govern the protocol. They do not currently take a cut of the total option premiums paid by traders (revenue). Lyra’s investors include Framework Ventures, Parafi Capital, Robot Ventures etc.

Competitive landscape

Daily market cap (fully diluted) for Lyra in the past 180 days.