Introduction

What is Lyra?

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Lyra is a self-custodial, high performance crypto trading platform for options, perpetuals and spot trading.

The trading platform is made up of three components:

  1. Lyra Chain: A settlement layer for transactions. This is an Optimistic rollup built on the OP Stack, secured by Ethereum mainnet. Governed by the Lyra DAO.
  2. Lyra Protocol: A settlement protocol that enables permissionless, self-custodial margin trading of perpetuals, options and spot, deployed to the Lyra Chain. Governed by the Lyra DAO.
  3. Lyra Exchange: An orderbook that efficiently matches orders and settles them to the Lyra Protocol. Operated by Lyra Trading Co.

For a deep dive into the Lyra Chain, consult the OP Stack Docs.

All components are governed by the Lyra DAO via a fully on-chain and autonomous system. This documentation describes the chain, protocol and exchange. You can read it in its entirety or skip to whichever section is relevant to you.

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The Lyra Exchange uses a centralized limit order book, but remains self-custodial, and settles trades and liquidations in a trustless manner.


What’s Next

Learn about the instruments and collateral that Lyra supports