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Derive (formerly Lyra)
Lyra
#4218
Not Audited by CertiK
Token Price (Lyra)
24h
$0.0₃628
3.97%
Market Cap
24h
$364,985
6.57%
Skynet Score
Code Security
Fundamental
Operational
Governance
Market
Community
Monitor
CertiK Skynet Score
B
0
100
Rank#4218
Percentile35%
1
0
2
0
Methodology
Derive (formerly Lyra) Info
more info
Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
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Derive (formerly Lyra) is not audited by CertiK.
The information about this project is gathered from third parties sources, and CertiK does not guarantee the accuracy of the information. Conduct your own due diligence before deciding to use any info listed at this page.