I already wrote about a possible airdrop from Lyra Finance and it is coming, just not the old fashion way. Instead of airdropping tokens, they will allow users to earn them for over a month by using their protocol on Optimism.

How To Earn

Ignition Phase Explained

Tokenomics and Allocations

• 50% (500,000,000 LYRA) to the community:
  -15% (150,000,000 LYRA) allocated to Traders
  -15% (150,000,000 LYRA) allocated to Liquidity Providers
  -10% (100,000,000 LYRA) allocated to Security Module stakers
  -5% (50,000,000 LYRA) allocated to incentivise liquidity in the LYRA token
  -3% (30,000,000 LYRA) allocated to Community Incentives
  -2% (20,000,000 LYRA) allocated to SNX stakers

• 20% (200,000,000 LYRA) allocated to the LyraDAO

• 20% (200,000,000 LYRA) allocated to the core team

• 10% (100,000,000 LYRA) were sold to private investors

Incentivized rewards will be distributed until December 14th, 2021 at 00:00:00 UTC when the token unlocks for eligible wallets.

Is it worth it?

Lyra seems like a blue-chip protocol on Optimism so it would probably be good to participate in any way you can. Going out of your way to move liquidity from other chains probably isn't smart but if you have some coins lying around ready to go to work, why not? I'll personally try to earn some tokens by trading options.

Posted Using LeoFinance Beta