Derive
1 storyThe defining mechanism of Derive is formerly Lyra protocol, supported by options and perpetual markets in an on-chain options exchange. Participants also encounter portfolio margin system, cross-asset collateral, off-chain order book, and DRV governance token when supplying liquidity, routing orders, or managing positions.
Use Derive for changes to its trading contracts, liquidity design, execution rules, governance, security posture, and connected applications. At Derive, keep Derive's protocol token and collateral assets separate; the Derive entry follows margin design and settlement inside Derive.
Use Derive for changes to its trading contracts, liquidity design, execution rules, governance, security posture, and connected applications. At Derive, keep Derive's protocol token and collateral assets separate; the Derive entry follows margin design and settlement inside Derive.
On-Chain Options Aim to Transform Crypto Market Liquidity
On-chain options are emerging as a new tool for managing risk in crypto, but thin liquidity and infrastructure gaps mean they remain a fraction of the $21B daily perpetuals market