DeriveLYRA
An options automated market maker (AMM)$0.0005419
+0.4%
Derive Labs
@Derive LabsFollowers104.65 K
Following26
Influence Index702
Details
24h Trading Volume$64.35
Circulating Market Cap$337.80K
Fully Diluted Valuation (FDV)$541.90K
Circulating Supply623.63M LYRA
Total Supply
1.00B LYRATotal Raised$6.80M
Contract Address
0x01ba...5105bf
0x01ba...5105bfSupported Exchanges+0
Launched--
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LSD Options ProtocolAbout Derive
Founded
2021
Community
Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
Team Members
Michael SpainCo-Founder
Jake Fitzgerald Co-founder, Product
Nick ForsterCo-Founder
Adam BawiSenior Business Developer
Investors
Guy Young
Georgios Vlachos
Mike Silagadze
Daniel Dizon
Vaibhav Chellani
Michael Bentley
Daryl Lau
DCF GOD
Rok Kopp
Xinshu Dong
Rishabh Khurana
Lucas Kozinski
Charlie Feng
Ekram Ahmed
Coleman Maher
Route 2 FI
Framework Ventures
GSR
ParaFi Capital
Alliance
Robot Ventures
Apollo Crypto
Divergence Ventures
Divergence
Orthogonal Trading
Magnet Capital
Kain Warwick
Stani Kulechov
Hasu
Kieran Warwick
Anton Bukov
Ryan Sean Adams
Anthony Sassal
Jinglan Wang
Jordan Momtazi
WSBModT
Thor Hartvigsen@
@spreekawayFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Community | $500.00K | -- | 2024-12-19 | -- |
-- | -- | -- | 2024-09-12 |  Guy Young Georgios Vlachos+ 16 |
Strategic | $3.00M | -- | 2022-11-29 |  Framework Ventures GSR |
-- | $3.30M | -- | 2021-07-25 |  ParaFi Capital*Framework Ventures*+ 17 |