What is Lyra Finance (LYRA)?
Lyra Finance is an automated market maker for trading options on ERC-20 tokens on the Optimistic blockchain.
Michael Spain and Nick Forster launched Lyra Finance in 2021. Since then, the protocol boasts $1.08 billion in trading volume, $33.6 million in TVL, and 165.7k in number of trades.
How Lyra Finance (LYRA) Works
Lyra Finance has two key user groups: liquidity providers and options traders. Liquidity providers deposit sUSD or USDC into one of the asset-specific Market Maker Vaults (MMV) to receive trading fees, while traders use Lyra to trade options.
To price options, Lyra Finance uses the Black-Scholes model, which calculates the price based on the asset price, strike price, risk-free interest rate, time to expiry, and implied volatility. The AMM adjusts implied volatility for each strike and expiry based on supply and demand to converge to a market-clearing value.
To protect existing LPs, various deposit/withdrawal circuit breakers are used. Moreover, a multisig under the control of two core contributors and five members of the council can approve deposits manually only when they have been signaled for a sufficient period of time. This is to make sure that the circuit breaker doesn't stop funds from entering the pool for too long. The goal is to keep the MMV close to delta-neutral, so fluctuations in PNL are reduced for LPs.
How Many Lyra Finance (LYRA) Tokens Are in Circulation?
LYRA token has a total supply of 1,000,000,000, among which 65,000,000 tokens are being circulated.
How to Buy Lyra Finance (LYRA)
Consider investing in Lyra Finance (LYRA)? It only takes 2 minutes to create an account on Bitget and start trading LYRA.
Check out the available LYRA trading pairs on Bitget!
Spot market
Lyra Finance (LYRA) Resources
Simple 3-step guide to buying LYRA today in Mauritania
Create your free Bitget account
Select a funding method
Complete your Lyra Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Lyra Finance using a payment method of your choice:
Buy Lyra Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Lyra Finance order.How to buy crypto with credit/debit cardBuy Lyra Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Lyra Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Lyra Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Lyra Finance order.Buy Lyra Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Lyra Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Lyra Finance in your Bitget spot wallet

Bitget—where the world trades Lyra Finance
How to buy Lyra Finance for free
- Learn how to earn Lyra Finance for free through the Learn2Earn promotion
- Earn free Lyra Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Lyra Finance airdrops by joining On-going challenges and promotions
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A sovereign nation in Northwest Africa, Mauritania, is formally known as the Islamic Republic of Mauritania. Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest are its external borders. With a population of 4,927,441 and 90% of its area located in the Sahara, Mauritania is the eleventh-largest nation in Africa (2022). Mauritanian ouguiya (UM) is used as its official currency. P2P trading and other crypto deposit methods on Bitget can be used to quickly purchase Lyra Finance(LYRA) in Mauritania.
The official language of Mauritania is Arabic and the Bitget website and app are available in Arabic.
Due to its location in the Saharan desert and the Sahel region, Mauritania has a dry climate. There is no wet season; the environment is hot and dry all year. Large plains in Mauritania's mainly flat environment are occasionally broken up by ridges or cliff-like outcroppings.
Mauritania has big cities such as Nouakchott, Nouadhibou, Néma, and Kaédi. Wherever you are in Mauritania, Bitget will be able to give you a seamless trading experience.
Independence Day in Mauritania is a public holiday on November 28th. It is the National Day of Mauritania and commemorates independence from France on November 28th, 1958. Mauritania has some beautiful attractions such as Port de Pêche, Plage de Nouakchott, Banc d'Arguin National Park, Terjit Oasis, and the Monolith of Ben Amera. Bitget is the best crypto platform to trade crypto in Mauritania.