Lyra Finance Airdrop

Updated December 10, 2024

About Lyra Finance

Lyra Finance is a decentralized exchange (DEX) specializing in derivative trading, offering scalable and efficient cross-chain solutions. Users can trade derivatives with high liquidity across multiple blockchain networks, ensuring a seamless and decentralized trading experience. Currently, the price of Lyra Finance (formerly Derive) is $0.000721. Having peaked at $0.669 on Dec 18, 2021, it is now down by 99.9%. The project has a circulating supply of 805.95 million tokens, a max supply of 1 billion, and a market cap of $581.28K.

Why we choose Lyra Finance?

We selected Lyra Finance for its robust approach to scalable and efficient cross-chain derivative trading. With $6.3 million in funding from notable backers like Alliance DAO and Anthony Sassano, Lyra Finance demonstrates strong investor confidence. Despite its current price dip, the project’s high liquidity and decentralized trading solutions across multiple blockchain networks make it a standout in the DeFi landscape.

Lyra Finance Airdrop Guide

Airdrop Eligibility

  • - HyperLiquid Traders:
  • Connect your wallet to HyperLiquid.
  • Deposit a minimum of $10,000 USD worth of assets.
  • Achieve a trading volume of at least $1 million.
  • Complete these requirements before the first 1,000-trader cap is reached.
  • - sENA Holders:
  • Hold sENA tokens in your wallet.
  • Maintain your sENA position during the snapshot period.
  • There is no specified minimum holding requirement.

How to get Lyra Finance Airdrop?

Derive’s partnership with Ethena Labs further enhances its allure, providing access to substantial liquidity and a broad user base. The collaboration introduces seamless integration of Derive’s trading products with Ethena’s protocol, giving access to $4.5 billion in Total Value Locked (TVL) and potentially reaching 300,000 users.

To qualify for the Derive airdrop, users can engage in the following ways:

Trade on HyperLiquid:

  • Connect your wallet.
  • Deposit assets worth at least $10,000.
  • Generate a trading volume of $1 million or more.

Hold sENA Tokens:

  • Maintain sENA tokens in your wallet during the snapshot period.

By meeting these requirements, you can position yourself to benefit from the $DRV token allocations. Staying active on HyperLiquid and keeping an eye on Ethena communications will increase your chances of earning a portion of the airdrop.

Prepare for Participation:

1. Set Up Your Wallet:

  • Connect your wallet to HyperLiquid and ensure it holds at least $10,000 in assets.

2. Start Trading:

  • Begin trading early to secure a spot among the first 1,000 eligible traders on HyperLiquid.

3. Stake sENA:

  • Acquire and hold sENA tokens to participate in this portion of the airdrop.

Monitoring official updates from Derive and Ethena will keep you informed of the latest developments regarding the airdrop. Adopting effective trading and holding strategies will maximize your reward potential within this vibrant DeFi ecosystem.

Lyra Finance Airdrop Claim

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