Testnet
Lyra

TOKENIZED

▚▚

DERIVATIVES

DEX

YIELD

TOKENIZED

▚▚

DERIVATIVES

DEX

YIELD

Earn derivatives yield on EigenLayer

LDX Airdrop

Enter an invite code to start earning LDX
Volume...
TVL...
Trades...

EIGENLAYER +
DERIVATIVES

YIELD

 

[SOON]

Lyra is launching a yield product which can automate and package up any yield-bearing derivatives trade into a composable erc20, starting with the basis trade and covered calls on EigenLayer and LRTs.
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Trade

with powerLyra is the feature-complete derivatives DEX. Trade options and perpetuals with cross-asset collateral, cross-margin, portfolio margin and the superpower of self-custody.
Trade

The Everything DEX

Trade options, perpetuals and spot all at once in the most capital efficient on-chain DEX.
Options Page Screenshot
Trade Form Screenshot

Low Fees, Zero Gas

Once you deposit to Lyra L2, you no longer pay gas fees for each transaction.
Margin Health Screenshot

Buying Power

Maximize your buying power with portfolio margin and cross-asset collateral.

Deep Liquidity

Instant access to deep liquidity on Lyra's orderbook.
Orderbook Screenshot
Payoff Chart Screenshot

Unlimited Strategies

Build any payoff to execute any trading strategy.

The Everything DEX

Trade options, perpetuals and spot all at once in the most capital efficient on-chain DEX.
Options Page Screenshot

Deep Liquidity

Instant access to deep liquidity on Lyra's orderbook.
Orderbook Screenshot
Trade Form Screenshot

Low Fees, Zero Gas

Once you deposit to Lyra L2, you no longer pay gas fees for each transaction.
Margin Health Screenshot

Buying Power

Maximize your buying power with portfolio margin and cross-asset collateral.
Payoff Chart Screenshot

Unlimited Strategies

Build any payoff to execute any trading strategy.

FAQS

Frequently asked questions from the Lyra community
What is a DEX?
A DEX, or decentralized exchange, is a peer-to-peer marketplace where transactions occur directly between traders. DEXs foster financial transactions that aren't officiated by banks, brokers, or any other intermediary. Their key features include self-custody, transparency, borderless transactions and immutability. As a user of a DEX, you control your private key and no centralized entity can access your funds or make trades on your behalf.
What is the LDX token?
The LDX token is the utility token of the Lyra Protocol and L2. It enables governance of the Lyra DAO and aligns interests between various stakeholders. Learn more
What is the Lyra Protocol?
The Lyra Protocol is a permissionless protocol that settles perpetuals, options and spot trades. The protocol is deployed to Lyra Chain, an Optimistic Rollup that settles to the Ethereum blockchain. The protocol is governed by the Lyra DAO and LYRA token holders. Learn more
Can US citizens use the Lyra Exchange?
No, Lyra Exchange and its products are not available to customers in the United States.Our platform is unavailable in the following regions: Australia, the United States of America, Canada, Panama, Iran, Iraq, Libya, Mali, Nicaragua, Cuba, Democratic People’s Republic of Korea (North Korea), Russia, Somalia, Sudan, Syria, Yemen, Zimbabwe, Myanmar (Burma), Cote D’Ivoire (Ivory Coast), Democratic Republic of Congo, the regions of Crimea, Donetsk, or LuhanskRead our  Terms of Use  for more details.