Founder & CEO
Profile summary: Master in Demographics at Universite catholique de Louvain
LF
Lyra Finance
Lyra is a decentralized trading protocol on Ethereum that enables the creation and execution of programmable on-chain options and perpetual contracts. It addresses the need for transparent and secure trading in the crypto market by eliminating intermediaries and allowing users to maintain control over their assets.
- Blockchain & Cryptocurrency
- Financial Technology
- Software Only
- Web3 & NFTs
Updated 7 months ago
Funding
Raised to date
$1.8MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 1 round
BGCL$1.8M · Seed
Announced Sep 2024
Disclosed cumulative: $1.8M
RoundDateAmountValuationInvestors
Founders
Product
Problem
Current decentralized exchange (DEX) models for options and perpetual contracts often lack the capital efficiency and flexibility of centralized exchanges, leading to fragmented liquidity and limited instrument variety. Existing on-chain derivatives platforms struggle to offer the complex order types and risk-management tools necessary for sophisticated trading strategies.
Solution
Derive Protocol is a decentralized protocol deployed on an Optimistic Rollup that enables the creation and execution of programmable on-chain options, perpetuals, and structured products. It provides a permissionless platform for trading derivatives directly from user-controlled wallets, eliminating intermediaries and enhancing transparency. The protocol is governed by the Derive DAO and DRV token holders.
Target Audience
The primary target audience includes cryptocurrency traders, decentralized finance (DeFi) users, and institutional investors seeking transparent and secure access to on-chain derivatives markets.
Features
- Supports options and perpetual contracts trading on a decentralized exchange.
- Deployed on an Optimistic Rollup that settles to the Ethereum blockchain.
- Permissionless protocol allowing anyone to create and trade derivatives.
- Governed by the Derive DAO and DRV token holders.