# \[LRFC\] Deploy Lyra on Polygon zkEVM **URL:** \ **Category:** Lyra Request For Comment (LRFC)\ **Created:** [May 31, 2023, 8:22am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59 "2023-05-31T08:22:01Z")\ **Posts on this page:** 16\ **Page:** 1
**Author:** ![fkt](https://avatars.discourse-cdn.com/v4/letter/f/49beb7/32.png) [@fkt](https://forums.derive.xyz/u/fkt)\ **Post date:** [May 31, 2023, 8:22am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/1 "2023-05-31T08:22:01Z")
**Simple Summary** Polygon zkEVM is an open-source ZK-Rollup that provides EVM equivalence for a frictionless user experience and to benefit from the security of Ethereum. This proposal recommends launching Lyra on Polygon zkEVM by integrating with [Quick Perps.](https://perps.quickswap.exchange/#/dashboard) **Abstract** Polygon zkEVM is an open-source ZK-Rollup that provides EVM equivalence for a frictionless user experience and to benefit from the security of Ethereum. Essentially all existing smart contracts, developer tools, and wallets work seamlessly. The zkEVM harnesses the power of ZK proofs to reduce transaction costs and massively increase throughput, all while inheriting the security of Ethereum. The mainnet beta was launched on March 27, 2023. zkEVM currently crossed $[15m TVL](https://defillama.com/chain/Polygon%20zkEVM?tvl=true) and has grown 50% in the last 7 days, and unique wallets have crossed [60K](https://zkevm.polygonscan.com/chart/address). Transactions have increased [8x over the last two weeks. ](https://zkevm.polygonscan.com/chart/tx)This just marks the beginning of growth of TVL, users and transaction growth as many new protocols launch in the next phase of growth. This proposal recommends launching Lyra on Polygon zkEVM by integrating with [Quick Perps](https://perps.quickswap.exchange/#/dashboard), which is a Perps protocol with advanced features like trailing orders. Assuming a passed proposal and successful integration, there will be ways to further integrate Lyra Protocol into the Polygon zkEVM ecosystem. **Motivation** Deploying early on Polygon zkEVM Mainnet Beta will solidify Lyra’s position as a leader in the multi-chain EVM ecosystem. Increased users and assets will help accelerate Polygon zkEVM’s growth, introducing Lyra’s unique user base to the new blockchain ecosystem. In tandem, increased volume through Lyra grows the protocol and expands Lyra to a new suite of ZK enthusiasts. Increased users and assets will help accelerate Polygon zkEVM’s growth, introducing Lyra’s unique user base to the new blockchain ecosystem. In tandem, increased volume grows the protocol and expands Lyra to a new suite of ZK enthusiasts. **Specification** Delta Hedging-Lyra aims to keep the exposure of liquidity providers close to delta-neutral. It does this by either opening a long or short perpetual futures position through QuickPerps. QuickPerps is QuickSwap’s new decentralized Perpetual Exchange built on Polygon zkEVM mainnet Beta, allowing users to trade spot & perpetual swap contracts for $MATIC, $ETH, $BTC, $USDC, $USDT, and $DAI with up to 50x leverage. Given QuickPerps’ decentralized and permissionless nature, spot and perpetual swap contract trades are powered by a liquidity pool called QLP. When users deposit liquidity to the QLP pool, they receive QLP tokens, which represent their total stake in the pool - they can then borrow up to 50x the value of their collateral from this pool to go long or short. The current liquidity on Quick Perps is $4.5 mn, with immediate plans to scale. The Polygon zkEVM Mainnet Beta is EVM equivalent, with technical specifications on block-times and timestamp required on part of the Lyra technical team. **Polygon Labs** This proposal is being made by Jack Melnick, Senior Manager, Growth BD, an employee of Polygon Labs. Polygon Labs is a legal entity focused on the ecosystem growth and maintenance of the suite of Polygon networks. Legal The legal entity that is supporting this proposal is Polygon Labs Services (Switzerland) AG, a Swiss corporation known as “Polygon Labs”. Conflict of Interest Declaration There are no existing financial or contractual relationships between Polygon Labs and any of Lyra’s legal entities, including Lyra, Lyra tokens, nor investments of Lyra. Risk Profile Deploying on Polygon zkEVM should pose minimal risks, relative to deploying on alternate blockchains. As an Ethereum Layer 2, it uses Zero Knowledge proofs to inherit Ethereum’s core safety, while allowing developers to easily deploy existing EVM codebases. The bridge has been disintermediated, and Lyra can expect reputable oracle providers to be available as data providers. Polygon’s zkEVM testnet has been running for the past six months. Additionally, the deployment has been audited multiple times, by auditors including Spearbit and Hexens. Risks are outlined in detail here:[https://wiki.polygon.technology/docs/zkEVM/](https://wiki.polygon.technology/docs/zkEVM/) **## Protocol security** Please address the following questions if you’re proposing a cross-chain deployment: Does the bridge support arbitrary message passing? Yes Is the bridge secured by a trusted entity, by a multi sig, or a protocol/set of incentivized nodes? No trusted entity, multi-sig, or a protocol/set of incentivized nodes, only L1 and L2 security. Pure smart contract interactions only. Does the bridge leverage the security of the source chain (e.g. Ethereum L1) or destination chain, or is security provided by another third party entity? All based on L1 and L2. L2 security is based on the L1. Is it possible for a fraudulent message to be passed to the destination chain? If so, are there any recall mechanisms? There are two ways to use the bridge, which do not allow for a fraudulent message to be passed to the destination chain: · Native supported messages: Allow only bridging of ERC-20 and ETH. There is no fraudulent message that can be passed. · Custom Messages: Custom receiver logic on the other side of the bridge. When you send a message, the message needs to be received by a smart contract, so you have to build the receiver smart contract, which is specific to the logic of that smart contract. The security is up to the person building the receiver smart contract. These custom messages do not take custody of any funds. All that is known is that the message will pass the bridge if implemented correctly. The bridge is just the message carrier. What are the ramifications of fraud to the malicious actor? There is no ramification to contemplate due to there being no possibility of passing a fraudulent message to the destination chain, as described above. Has the bridge code been audited? By a third party? As part of the main zkEVM [audits](https://github.com/0xPolygonHermez/zkevm-rom/blob/main/audits/Hexens_Polygon_zkEVM_PUBLIC_27.02.23.pdf), the bridge code was audited. ---
**Author:** ![YJN58](https://yyz2.discourse-cdn.com/flex030/user_avatar/forums.derive.xyz/yjn58/32/21_2.png) [@YJN58](https://forums.derive.xyz/u/YJN58)\ **Post date:** [May 31, 2023, 9:05am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/2 "2023-05-31T09:05:22Z")
Lyra on zkEVM would be huge step towards expanding Lyra’s cross-chain presence and would also give it a huge first mover advantage. All the necessary requirements and tooling is already present and I hope to see this proposal pass 🙏 ---
**Author:** ![Muir](https://avatars.discourse-cdn.com/v4/letter/m/4491bb/32.png) [@Muir](https://forums.derive.xyz/u/Muir)\ **Post date:** [May 31, 2023, 10:15pm UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/3 "2023-05-31T22:15:36Z")
Is QuickPerps a GMX fork and is there a way to get a MATIC token grant for incentives? It would be important for bootstrapping liquidity on zkEVM. I think this proposal would be interesting if Polygon can commit to either providing a reasonable amount of liquidity for the vaults or a MATIC grant to be used for incentives. Without that I dont see it being worth the dev time and it would probably just fragment the AMM liquidity. ---
**Author:** ![AlvaroHK](https://yyz2.discourse-cdn.com/flex030/user_avatar/forums.derive.xyz/alvarohk/32/22_2.png) [@AlvaroHK](https://forums.derive.xyz/u/AlvaroHK)\ **Post date:** [June 1, 2023, 2:09am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/4 "2023-06-01T02:09:30Z")
No doubt it will be interesting to deploy on Polygon zkEVM, but as part of the defi lego building parts LYRA needs a lot of liquidity and protocols to be built there before it can even thinking to deploy on Polygon zkEVM. Launching now it will drive to a protocol liquidity fragmentation and use of resources that could be really needed for other tasks with higher risk/return for the protocol (looking to Lyra v2 development…) ---
**Author:** ![MasterMojo](https://yyz2.discourse-cdn.com/flex030/user_avatar/forums.derive.xyz/mastermojo/32/12_2.png) [@MasterMojo](https://forums.derive.xyz/u/MasterMojo)\ **Post date:** [June 1, 2023, 2:31am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/5 "2023-06-01T02:31:22Z")
I agree with Muir here. Would be nice if Polygon could help out with incentives or liquidity for the vaults. ---
**Author:** ![Galmoli](https://avatars.discourse-cdn.com/v4/letter/g/9dc877/32.png) [@Galmoli](https://forums.derive.xyz/u/Galmoli)\ **Post date:** [June 1, 2023, 7:46am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/6 "2023-06-01T07:46:08Z")
I agree with Muir, MasterMojo, and Alvaro. ---
**Author:** ![crypto](https://avatars.discourse-cdn.com/v4/letter/c/b3f665/32.png) [@crypto](https://forums.derive.xyz/u/crypto)\ **Post date:** [June 1, 2023, 8:18am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/7 "2023-06-01T08:18:27Z")
I think it’s a great proposal and I’d vote yes for sure, QuickPerps has proven already within a week’s launch to be driving zkEVM adoption & Lyra integrating with QuickPerps would be a game-changer, the tech is really starting to hit home ---
**Author:** ![RossDeFi](https://yyz2.discourse-cdn.com/flex030/user_avatar/forums.derive.xyz/rossdefi/32/23_2.png) [@RossDeFi](https://forums.derive.xyz/u/RossDeFi)\ **Post date:** [June 1, 2023, 9:43am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/8 "2023-06-01T09:43:28Z")
Ross from [rhino.fi](http://rhino.fi) here. We would love for you to deploy on zkEVM and would love to help try and make this happen. I will reach out via Discord to see how we can best support rhino has a super-fast, gas-free bridge to zkEVM that is currently one of fastest, cheapest (and most private) ways to on-board onto zkEVM. We have known the zkEVM team for the past several years and are big fans! Disclaimer - I am a LYRA holder ---
**Author:** ![style](https://avatars.discourse-cdn.com/v4/letter/s/a87d85/32.png) [@style](https://forums.derive.xyz/u/style)\ **Post date:** [June 1, 2023, 1:54pm UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/9 "2023-06-01T13:54:37Z")
Pretty sure the Quick team has leaked alpha that Polygon will give out Matic incentives for quickperps and that will be on top of the Quick and usdc incentives thats active right now ---
**Author:** ![ksett](https://avatars.discourse-cdn.com/v4/letter/k/9de053/32.png) [@ksett](https://forums.derive.xyz/u/ksett)\ **Post date:** [June 1, 2023, 3:24pm UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/10 "2023-06-01T15:24:26Z")
> [@fkt](#): > > QuickPerps’ I like this proposal and the idea of seeing Lyra on a zkEVM. What markets would you be interested in seeing deployed? I would support this proposal under the following circumstances: - Incentives or grant in MATIC to bootstrap liquidity - technical integration isn’t too complex - Quickswap has sufficient liquidity ---
**Author:** ![Alexi](https://avatars.discourse-cdn.com/v4/letter/a/22d042/32.png) [@Alexi](https://forums.derive.xyz/u/Alexi)\ **Post date:** [June 2, 2023, 7:22am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/11 "2023-06-02T07:22:17Z")
Hey so polygon should be able to help with incentives. Can speak to them about a grant. Tech side is fairly straight forward. GMX fork. QuickSwap team is also happy to help with integration where possible. QuickPerps currently has 5 million tvl within a couple weeks. This is with a small fraction of incentives from our side. Rewards will ramp up and the ecosystem as a whole will grow, along with that QuickPerps. ---
**Author:** ![Panda](https://avatars.discourse-cdn.com/v4/letter/p/71c47a/32.png) [@Panda](https://forums.derive.xyz/u/Panda)\ **Post date:** [June 2, 2023, 7:32am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/12 "2023-06-02T07:32:30Z")
A great, well thought out proposal. Can’t underestimate the power of first mover advantage! TVL and users are skyrocketing on zkEVM and gas costs are way down already ---
**Author:** ![mjs](https://avatars.discourse-cdn.com/v4/letter/m/49beb7/32.png) [@mjs](https://forums.derive.xyz/u/mjs)\ **Post date:** [June 15, 2023, 1:28am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/13 "2023-06-15T01:28:47Z")
Thanks for the proposal. I have a few questions relating to the technical details required to launch on Polygon: 1. What codebase would be deployed? 2. What markets would be launched? 3. What configuration/variables would be set? For the proposal to pass, it would need to specify these things. ---
**Author:** ![mjs](https://avatars.discourse-cdn.com/v4/letter/m/49beb7/32.png) [@mjs](https://forums.derive.xyz/u/mjs)\ **Post date:** [June 15, 2023, 1:30am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/14 "2023-06-15T01:30:11Z")
Also can you please ensure the post complies with the template provided here: [Lyra Request For Comment (LRFC) Template](https://forums.derive.xyz/t/lyra-request-for-comment-lrfc-template/14) ---
**Author:** ![ksett](https://avatars.discourse-cdn.com/v4/letter/k/9de053/32.png) [@ksett](https://forums.derive.xyz/u/ksett)\ **Post date:** [June 15, 2023, 3:15pm UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/15 "2023-06-15T15:15:26Z")
Do we have a list of configurable values that would need to be specified? since these were previously set by the council, none of the prior LEAPs to launch markets serve as a template. Is it every parameter specified here that would need to be listed: [Pricing Parameters - Lyra Documentation](https://docs.lyra.finance/developers/parameters/pricing-parameters) is so, how can someone observe what is set for the current pools for reference? ---
**Author:** ![mjs](https://avatars.discourse-cdn.com/v4/letter/m/49beb7/32.png) [@mjs](https://forums.derive.xyz/u/mjs)\ **Post date:** [June 30, 2023, 1:43am UTC](https://forums.derive.xyz/t/lrfc-deploy-lyra-on-polygon-zkevm/59/16 "2023-06-30T01:43:55Z")
Yes for each market, there will need to be a full of configurable parameters specified. You can see the current parameters for some markets here: 1. [Optimism ETH](https://app.lyra.finance/#/admin/optimism/eth-usdc) 2. [Arbitrum WBTC](https://app.lyra.finance/#/admin/arbitrum/wbtc-usdc) 3. [Optimism OP](https://app.lyra.finance/#/admin/optimism/op-usdc)