---
# System prepended metadata

title: Initial Assessment of Lyra Protocol

---


#  Initial Assessment of Lyra Protocol

**Overview** : Lyra Protocol is the collection of smart contracts that allow Liquidity Providers (LPs) to provide capital for traders to buy or sell options from/to the market,

**Scope** : [Commit 196edeb27c93f90314b54fcea66ebdbd938b8cda](https://github.com/lyra-finance/lyra-protocol)

## **code**
     
#### Size 
                 NSloc: 6238
                 Version: 0.7.*
#### Complexity
                 Math: Moderate 
#### Style/Best Practise
                 Code Readibility:  Average
#### Upgradable
                 Yes/No      : No
                 Model Used : 
#### Assembly Usage
                 Operation: 
                 
                        assembly {
                                   size := extcodesize(account)
                                 }
                                 
                        assembly {
                                let returndata_size := mload(returndata)
                                revert(add(32, returndata), returndata_size)
                                }
------------------------------------------------  

## Dependecies

#### Protocol
             Synthetix
#### Libraries 
             Openzeppelin & Synthetix
----------------------------------------------------
## External Data
    Use Synthetix to fetch price of given pair
                 
## **Testing**

#### Coverage
               Percentage: Not found
#### Formal Verification
######              Firm/Dev : [Certora](https://certora.atlassian.net/wiki/spaces/CVR/pages/60359364/Formal+Verification+Report+of+Lyra)
               
#### Fuzzing
                 Yes/No : Not found
----------

## **Security**

#### Audits
#####               [IOSIR0 Audit Report](https://)
#####               [Certik Audit Report](https://raw.githubusercontent.com/lyra-finance/lyra-protocol/master/audits/v1/iosiro_report-lyra.pdf)
              
#### Acess Control
                 Present : Yes
                 
#### Monitoring Services
              Yes/No     : Not found
#### Emergency Shutdown
              Pausable/Non-Pausable : Yes
              Emergency Fund Avialable : Yes through Security Model
###### [Security Model](https://docs.lyra.finance/tokenomics/security-module-rewards)
            
-------------------------

## Platform & TVL

Optimism{ $85 Million}


              
              
              
              
        
            