Celestia

Lyra is going modular
We’re upgrading Lyra Chain, powered by the @optimism
OP Stack and @celestiaorg
— the leader in modular data availability.
With Celestia underneath ,
Lyra takes another step towards creating the largest source of crypto options liquidity.

Lyra V2’s architecture is the culmination of a 3-year journey:
Lyra Chain - OP Stack rollup enabling fast and cheap transactions
Lyra Protocol - Fully onchain portfolio margin and liquidity engine
Lyra Exchange - Self-custodial interface designed natively for traders

But there is a problem.
The adoption of truly on-chain options remains bottlenecked by the cost of calldata and data throughput on Ethereum.
Without modular DA, Lyra can’t deliver the throughput and transaction costs needed to compete with centralized infrastructure.

As the industry’s leading modular DA layer, Celestia is ushering in an era of abundant, high-throughput blockspace.

By reducing the cost of DA by 100x, Celestia gives Lyra the scale and transaction costs previously only available off-chain.
Integrating modular DA enables us to pass these cost savings directly to our traders, enabling Lyra to compete with the custodial, opaque alternatives of TradFi and centralized exchanges.

Celestia also enables Lyra to significantly improve sequencer profitability for the community, with more ETH going to the Lyra DAO without increasing transaction fees.