Derive
Derive, formerly Lyra, is an innovative decentralized protocol that creates programmable on-chain options, perpetuals, and structured financial products. Derive is a self-custodial derivatives trading platform on Ethereum that enables users to seamlessly engage in the buying and selling of cryptocurrency options. The protocol enables users to trade options, spot, and perpetuals on a self-custodial, modular, and performant technology stack. With support for perpetual futures, European options, and wrapped ERC20 assets, Derive empowers users to engage in decentralized trading and lending markets while enhancing capital efficiency and security.
ABOUT DERIVE
Derive is an open protocol for trading options built on Ethereum.
The protocol aims to redefine the options trading experience and attract traders seeking a decentralized and efficient marketplace.
It operates on an Ethereum rollup within the Optimistic Rollup (OP) stack, ensuring high throughput and low-cost transactions.
The protocol uses subaccounts, assets, and managers to ensure efficient trade execution, risk management, and liquidity optimization.
Derive's revolutionary automated market maker (AMM) technology has made it one of the most popular DeFi options protocol in Web3.
DERIVE PRODUCTS
On-Chain Options.
Derive's flagship product is its decentralized options market. It uses an Automated Market Maker to facilitate the trading of options on the blockchain.
Perpetuals.
Derive offers perpetual contracts for crypto assets. These contracts do not have an expiry date, unlike traditional futures, allowing users to maintain positions as long as they want.
Structured Financial Products.
Derive provides structured products tailored to investors looking for customizable risk-return profiles. These are sophisticated products that might involve a combination of options, perpetuals, and other DeFi primitives.