Options protocol Lyra launches LDX token airdrop event, LYRA snapshot completed

BlockBeats reported that on May 8, the options protocol Lyra published a blog post stating that LDX is Lyra's new utility token. The first round of LDX airdrops rewards traders and liquidity providers, using a points system to distribute LDX to users in proportion over 4 weeks. The airdrops will last for at least 3 rounds, or 12 weeks. Users can earn points through trading, yields, and invitations.

LYRA has completed a snapshot, and points earned through staking and locking LYRA have stopped accumulating.