The Leading DeFi Options Exchange

Trade cryptocurrency options, perpetuals and spot on the most powerful derivatives exchange in DeFi.
Sign in with
Or continue with a wallet
Notional Volume

...

Deposited

...

Trades

...

Trade with style power

The Lyra Exchange is the leader in on-chain options trading. Access more tools and features with low fees and high security. From powerful margin tools to advanced order types, trade with the confidence of self-custody and the ultimate security of Ethereum.

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 Chain, 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.

Your keys, your crypto

When you trade on Lyra, your account’s private key gives you complete control over your funds and positions. The Lyra Exchange can never steal from you and its activity is completely open and transparent.All trades on Lyra settle to the Lyra Protocol, a decentralized protocol for settling and liquidating derivatives. The protocol lives on an Optimistic Rollup that settles to Ethereum. The protocol is battle-tested and audited by leading security experts.
Your keys, your crypto

Frequently Asked Questions

What is crypto?
Cryptocurrencies are decentralized digital currencies that operate on blockchain technology. Their key features include transparency, borderless transactions and immutability. You can trade popular cryprocurrencies like ETH and BTC on Lyra.
What is DeFi?
DeFi, or decentralized finance, refers to an ecosystem of financial applications built directly on top of blockchain technology. 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 products does the Lyra Exchange provide?
With a variety of products, such as spot, futures, margin and options trading, users on Lyra have plenty to choose from when trading BTC, ETH and other cryptocurrencies. Lyra also offers powerful trading tools like cross-margin, portfolio margin, cross-asset collateral.
What is the LYRA token?
The LYRA token is the native governance token of the Lyra Protocol. 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

Lyra

The Leading DeFi Options Exchange

Trade cryptocurrency options, perpetuals and spot on the most powerful derivatives exchange in DeFi.
Sign in with
Or continue with a wallet
Notional Volume

...

Deposited

...

Trades

...

Trade on Lyra

Trade with style power

The Lyra Exchange is the leader in on-chain options trading. Access more tools and features with low fees and high security. From powerful margin tools to advanced order types, trade with the confidence of self-custody and the ultimate security of Ethereum.

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 Chain, 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.

Your keys, your crypto

When you trade on Lyra, your account’s private key gives you complete control over your funds and positions. The Lyra Exchange can never steal from you and its activity is completely open and transparent.All trades on Lyra settle to the Lyra Protocol, a decentralized protocol for settling and liquidating derivatives. The protocol lives on an Optimistic Rollup that settles to Ethereum. The protocol is battle-tested and audited by leading security experts.
Your keys, your crypto

Frequently Asked Questions

What is crypto?
Cryptocurrencies are decentralized digital currencies that operate on blockchain technology. Their key features include transparency, borderless transactions and immutability. You can trade popular cryprocurrencies like ETH and BTC on Lyra.
What is DeFi?
DeFi, or decentralized finance, refers to an ecosystem of financial applications built directly on top of blockchain technology. 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 products does the Lyra Exchange provide?
With a variety of products, such as spot, futures, margin and options trading, users on Lyra have plenty to choose from when trading BTC, ETH and other cryptocurrencies. Lyra also offers powerful trading tools like cross-margin, portfolio margin, cross-asset collateral.
What is the LYRA token?
The LYRA token is the native governance token of the Lyra Protocol. 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