Lyra Finance, a luminary in decentralized options and perpetuals exchange for cryptocurrencies like BTC and ETH, has recently launched a new L2 protocol and a novel primitive to tokenize derivatives yield on EigenLayer, and with these advancements comes a new token: $LDX.
Capitalizing on this innovation, Lyra has implemented a points system-based Airdrop to distribute LDX pro-rata, rewarding traders and yield farmers for participating in bootstrapping new yield products for LRTs like Swell & Ether.fi, as well as Lyra DEX liquidity. A golden opportunity awaits!
Lyra Finance is a decentralized high-performance crypto trading platform for options, perpetuals, and spot trading, providing advanced trading features only found in traditional finance, including cross-asset collateral & portfolio margin for flexible risk management and best capital efficiency.
The Lyra orderbook efficiently matches orders and settles them to the Lyra Protocol´s smart contracts, deployed on the Lyra Chain, a Layer 2 scaling solution built on the OP Stack, enabling permissionless and self-custodial trading, governed by the Lyra DAO via a fully on-chain system.
Let’s begin with our step-by-step guide!
Step by Step Guide
Airdrop Platform
– Head over to Lyra Finance Airdrop platform: Lyra
– Use our referral code: 1KREC
– Connect your wallet.
Trade and earn
– Get 250 points for every 1 fees paid on Perps and Options trades, and 1 point per $100 in account value.
– Lyra will introduce boosted trading rewards throughout the Airdrop.
Deposit
– Deposit a minimum of $25 worth of weETH or rswETH to earn derivatives yield and 30 points per ETH and hour.
– Lyra will be launching new derivatives yield products with boosted rewards.
Referrals
– Share your unique invite link and earn 20% of the points earned by your referrals, along with an extra 10% of the points earned by their invitees, and can unlock new levels by earning points.
– Higher levels will unlock an additional LDX bonus on top of their pro-rata rewards from points.
Community
– Make sure you join the discord community and follow on X to stay informed!
– Join: https://discord.com/invite/UajzgjSn
– Follow: https://x.com/lyrafinance
That’s all for now. We hope you find value in this guide.
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