Project Analysis: Lyra🔻
1. Lyra is a decentralized options protocol that also uses an OP Stack's Ethereum Rollup is very similar to $AEVO , which was recently launched on Binance. The options products it provides are only BTC and ETH, which is also the scope of most options DEXs.
2. Lyra's biggest feature is its incentive for trading liquidity, but the trading pairs it provides are limited, and it still does not solve the core pain point of on-chain options - the general liquidity problem. This subsidy incentive method is somewhat similar to the market-making strategy of #Blur , which may be helpful to the product itself, but it is a harm to secondary market holders. Overall, the project itself does not have too many highlights.
3. 50% of its token circulation belongs to the community (including trading incentives). As mentioned in the previous paragraph, it takes the route of derivative liquidity incentives. The rest is mainly controlled by the team, and the possibility of control is very high, because the community part also needs incentives to release.
4. But the most worth mentioning is: combined with the token distribution structure and the holding of chips, this target is prone to short-term pull-up explosion. Because I am personally optimistic about the performance of the Web3 derivatives market in the future, Lyra, as a relatively early option protocol in the market, has a certain first-mover advantage. If there is a Defi derivatives market in the future, Lyra will most likely be a target with ordinary fundamentals, excellent prices, and attractive market profit and loss ratio.
