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Lyra

$8,000

About

Lyra is an open protocol for trading options built on Ethereum. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol

Lyra is an open protocol for trading options built on Ethereum. Lyra allows traders to buy and sell options that are accurately priced with the first market-based, skew adjusted pricing model. Lyra also quantifies the risks incurred by liquidity providers and actively hedges them, encouraging more liquidity to enter the protocol

Prizes

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Lyra ⸺ $8,000

🏆 Lyra is offering $4,000 in prizes

You are eligible to win one of the prizes if you build a project that utilizes the Lyra AMM to trade options or provide liquidity.

  • 🥇 1st prize: $4000
  • 🥈 2nd prize: $2000
  • 🥉 3rd prize: $1000
  • 🏊 Pool prize (distributed amongst all teams with a functioning project): $1000

Options are one of the most composable primitives in finance, giving traders the flexibility to construct infinite payoff structures. Options market making is one of the most prestigious and profitable games in traditional finance. The new Lyra Avalon release creates a completely new design space for DeFi, we’re excited to see what you create.

Some potential inspiration!

  • Accessing sustainable yield through structured product options vaults
  • Hedging against undesirable market conditions or impermanent loss
  • Earning yield on stablecoins via the AMM
    • Get creative and think outside the box -

Getting Started

Lyra Documentation

Workshop

Guides