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Lyra

TOKENIZED

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DERIVATIVES

DEX

YIELD

TOKENIZED

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DERIVATIVES

DEX

YIELD

Earn derivatives yield on EigenLayer

Enter Invite Code

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

EIGENLAYER +
DERIVATIVES

YIELD

Automated yield-bearing derivatives trades packaged up into a composable erc20, starting with covered calls and the basis trade on EigenLayer and LRTs.
Strategy Graphic

weETHC

Strategy
Covered Calls
TVL
...
TOTAL DEPOSITED0.0 weETH
MAX CAPACITY4,000.0 weETH
3x LDX Multiplier
3x EtherFi Multiplier
EigenLayer Points
View Details
Strategy Graphic

rswETHC

Strategy
Covered Calls
TVL
...
TOTAL DEPOSITED0.0 rswETH
MAX CAPACITY2,000.0 rswETH
4.5x LDX Multiplier
4.5x Swell Multiplier
EigenLayer Points
View Details
Strategy Graphic

rsETHC

Strategy
Covered Calls
TVL
...
TOTAL DEPOSITED0.0 rsETH
MAX CAPACITY2,000.0 rsETH
2x LDX Multiplier
2x Kelp Multiplier
EigenLayer Points
View Details
Strategy Graphic

USDC

TVL
...
TOTAL DEPOSITED$0.00
MAX CAPACITYUnlimited
1X LDX MULTIPLIER
View Details

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.

LATEST POSTS

Updates and announcements from Lyra
https://blog.lyra.finance/content/images/2024/05/Group-270_c.pngC-Tokens; Derivatives Yield for LRTs
https://blog.lyra.finance/content/images/2024/05/Group-263.pngOne-Click Spreads
https://blog.lyra.finance/content/images/2024/05/Group-258--1-.pngLDX Airdrop
https://blog.lyra.finance/content/images/2024/05/Group-254--2-.pngDerivatives Yield On EigenLayer
https://blog.lyra.finance/content/images/2024/04/ldx_farming_program.pngLDX Farming Program
https://blog.lyra.finance/content/images/2024/04/Group-190.png0DTE Options: The Most Powerful Tool in Finance
https://blog.lyra.finance/content/images/2024/05/Group-270_c.pngC-Tokens; Derivatives Yield for LRTs
https://blog.lyra.finance/content/images/2024/05/Group-263.pngOne-Click Spreads
https://blog.lyra.finance/content/images/2024/05/Group-258--1-.pngLDX Airdrop
https://blog.lyra.finance/content/images/2024/05/Group-254--2-.pngDerivatives Yield On EigenLayer
https://blog.lyra.finance/content/images/2024/04/ldx_farming_program.pngLDX Farming Program
https://blog.lyra.finance/content/images/2024/04/Group-190.png0DTE Options: The Most Powerful Tool in Finance