Lyra is a decentralized options and perpetuals exchange for cryptocurrencies like ETH and BTC. When trading on Lyra, you have access to key features such as cross-margin, cross-asset collateral, and portfolio margin.

All asset balances (e.g., USDC, WETH, WBTC) are used as collateral for all perps and options positions in a subaccount. Users can create multiple subaccounts to isolate risk.

Various base assets (e.g., WETH, WBTC) can be used as collateral for perps and options positions, allowing users to:

Scenario-based model in which the maximum loss of an entire portfolio is used to determine margin requirements, providing complex portfolios with the best capital efficiency.

An overview of some of Lyra's key features from Amberdata: