fundraising-title
DRV
DRV
2.13%
fundraising-p-1fundraising-titlefundraising-project-total-valuation
Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
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DRV fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| Community-Round | fundraising-$M | -- | 2024-12-19 | -- |
fundraising-key-milestones
- 2024-12-20Derive raised $ 500 K in Community round
- 2024-09-13Derive completed a new funding round
- 2024-08-29Lyra rebranded to Derive
- 2022-11-30Derive raised $ 3 M in strategic financing
- 2021-07-26Derive raised $ 3.3 M in funding round
24hour-high
$0.06022
24hour-volume
$38.48K
alltime-high
$0.9
alltime-low
$0.01155
market-cap--f
82.13%
fdv
$57.03M
24hour-low
$0.05345
market-cap
$57.03M
circulating-s
821.29M DRV
total-supply
1.00B DRV
max-supply
1.00B DRV
market-sentim
--
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.069% | 4.6% | 10.85% | 18.12% | 89.77% |
