Difference between revisions of "Derive (DRV)"

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m (Grand Master Pepe moved page Lyra Finance to Lyra Finance (LYRA))
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===DAO===
===DAO===


* [https://blog.lyra.finance/introducing-the-lyra-launch-council/ The Lyra Launch Council] (28-8-2021) is a community elected group that will oversee the launch of the protocol and [[token]].
* V2 created a "fully autonomous on-chain system that allows LYRA token holders to directly govern the protocol and treasury." ([https://twitter.com/lyrafinance/status/1643414421388263424 5-4-2023])
*[https://blog.lyra.finance/introducing-the-lyra-launch-council/ The Lyra Launch Council] (28-8-2021) is a community elected group that will oversee the launch of the protocol and [[token]].


===Treasury===
===Treasury===
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===Upgrades===
===Upgrades===
===Staking===
===Staking===
* [https://twitter.com/lyrafinance/status/1643414421388263424 From] their Twitter (5-4-2023):
''"Lyra is introducing an on-chain token holder voting model, where users can stake LYRA tokens to receive stkLYRA, which grants them proposal and voting rights in the governance process."''
====Validator Stats====
====Validator Stats====
===Liquidity Mining===
===Liquidity Mining===
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===Other Details===
===Other Details===
==Oracle Method==
==Oracle Method==
==Privacy Method==
==Their Projects==
==Compliance==
==Their Other Project==
==Roadmap==
==Roadmap==


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* Divergence quickly [https://twitter.com/hellzbellza/status/1446525661913440256?s=20 released] [[tweets]] saying they were in crypto for more than money, realized they went to far ([https://twitter.com/0xsisyphus/status/1446579768237887489?s=21 dumping] the farmed token directly into ETH) and that they would send the ETH to the Ribbon DAO.
* Divergence quickly [https://twitter.com/hellzbellza/status/1446525661913440256?s=20 released] [[tweets]] saying they were in crypto for more than money, realized they went to far ([https://twitter.com/0xsisyphus/status/1446579768237887489?s=21 dumping] the farmed token directly into ETH) and that they would send the ETH to the Ribbon DAO.


==Team, Funding, Partnerships, etc.==
==Team, Funding, Partners==
===Team===
===Team===


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[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out [https://cointr.ee/zeb CoinTr.ee] for more content.
[[Category:Exchange]]
[[Category:Exchange]]

Revision as of 04:29, 9 April 2023

Lyra is a decentralized options trading protocol powered by a specialized automated market maker (AMM) system.

Basics

"Lyra is DeFi’s first complete options AMM with features such as unified liquidity across all strikes and expiries, automated delta hedging for LPs, instant transactions and much more."

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Key

DAO

  • V2 created a "fully autonomous on-chain system that allows LYRA token holders to directly govern the protocol and treasury." (5-4-2023)
  • The Lyra Launch Council (28-8-2021) is a community elected group that will oversee the launch of the protocol and token.

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

"Lyra is a decentralized options trading protocol powered by a specialized automated market maker (AMM) system. Notably, Lyra uses Synthetix’s sUSD stablecoin as its exclusive quote asset, so traders pay for opening long positions or closing short positions with sUSD. Lyra also uses Synthetix as a one-stop protocol for getting long and short exposure on its markets’ base assets, i.e. delta hedging."

Fees

Upgrades

Staking

  • From their Twitter (5-4-2023):

"Lyra is introducing an on-chain token holder voting model, where users can stake LYRA tokens to receive stkLYRA, which grants them proposal and voting rights in the governance process."

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Projects

Roadmap

  • Can be found here (22-12-2021):
  1. "The Avalon release (formerly v1.2) will arrive in Q1 2022, accommodating up to 12-week rolling expiries, partial collateralization for short positions, and the ability for LPs to freely enter/exit the liquidity pool, subject to a short delay.
  2. A comprehensive tokenomics proposal for LYRA to be introduced to allow LYRA to be staked for xLYRA to access boosted rewards for trading and providing liquidity.
  3. Lyra Vaults structured products with on-chain, algorithmic strike selection/execution, is in the final stages of development and will be launched following the Avalon release."

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

"This @divdotvc analyst @_bridgeharris has made 652 $ETH and counting from @ribbonfinance airdrops, quite impressive. finding wallets like their's and copytrading them is probably the best way to make it tbh. the strat was just deposit .1 eth in ribbon theta vault 140 days ago but across many many wallets"

  • Divergence quickly released tweets saying they were in crypto for more than money, realized they went to far (dumping the farmed token directly into ETH) and that they would send the ETH to the Ribbon DAO.

Team, Funding, Partners

Team

  • Full team can be found [here].

Funding

  • Got a $1M contribution from the synthetixDAO (9-8-2021).
  • One of their investors, Divergence, got caught airdrop farming, hinting to insider knowledge.

Partners

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31