Lyra (LYRA) is the native governance token of the Lyra Protocol, a decentralised options trading platform built on the Ethereum rollup (Lyra Chain) using the OP Stack. The LYRA token enables decentralised governance, where holders can stake tokens to propose and vote on protocol changes. Beyond governance, LYRA is used for staking rewards, supporting the Security Module to manage protocol risk, and compensating service providers essential to the protocol's development and maintenance.
