Lyra Finance protocol
Overview
Lyra Finance, which has been rebranded as Derive, operates as a decentralized options trading protocol on the Ethereum blockchain. The platform employs an automated market maker (AMM) framework tailored for options, facilitating permissionless trading of crypto options. The subsequent rebranding to Derive signalled an expanded emphasis on derivatives.
Within The Counterparty graph, Lyra Finance connects to 8 tracked entities, most strongly to LYRA, Optimism, Derive (Lyra).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | LYRA | 90% |
deployed_on | Optimism | 85% |
replaced_by | Derive (Lyra) | 85% |
competes_with | Aevo | 80% |
competes_with | Premia Finance | 80% |
competes_with | Opyn | 70% |
insures | Sherlock | 70% |
competes_with | Hegic | 70% |
Frequently asked questions
What is Lyra Finance?
Lyra Finance is a protocol tracked in The Counterparty knowledge graph. It is connected to 8 other tracked entities, most strongly to LYRA, Optimism, Derive (Lyra).
What type of entity is Lyra Finance?
Lyra Finance is classified as a protocol (protocol) in The Counterparty knowledge graph.
What is Lyra Finance connected to?
In The Counterparty knowledge graph, Lyra Finance is linked to 8 other tracked entities, most strongly to LYRA, Optimism, Derive (Lyra).