Where and how to buy Lyra Finance in Togo
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Lyra Finance order through any of the various payment options provided.
Step 4:Monitor Lyra Finance in your Bitget spot account
Alternative methods to obtain Lyra Finance in Togo
Convert crypto to Lyra Finance with Bitget Convert
Swap on-chain assets to Lyra Finance with Bitget Swap
Methods to obtain Lyra Finance for free
Buy other cryptos
Buy Lyra Finance in a different country
How to buy Lyra Finance in other countries?
What can you do with Lyra Finance?
Store/Hold Lyra Finance
Many users hold on to their Lyra Finance with the expectation of it increasing in value. You can store your LYRA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Lyra Finance
You can trade Lyra Finance for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Lyra Finance trading to meet your needs.
Send Lyra Finance
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Lyra Finance online and send to anyone and anywhere with their Lyra Finance address.
Spend Lyra Finance
You can also buy goods and services with your Lyra Finance. More and more vendors and retailers accept Lyra Finance every day.
Donate Lyra Finance
Bitget Charity accepts Lyra Finance donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Lyra Finance so no one misses out on the growth made possible by blockchain.
Learn More About Lyra Finance
You can read more in-depth articles on Lyra Finance from Bitget Research and study how cryptocurrencies like Lyra Finance work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Lyra Finance
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
Buy Lyra Finance in Togo with Bitget
How to safely store your Lyra Finance
- Sign up and transfer LYRA to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your LYRA.