Derive.xyz

@DeriveXYZ • 103,923 subscribers

Derive (prev. Lyra) | The Leading Onchain Options Platform w/BTC, ETH & HYPE. Deep liquidity. Seamless onboarding. Lowest fees. Institutional-grade custody.

Live Cam

Derive.xyz

Shorts

Our biggest upgrade ever.

Derive (DRV) is now available on Hyperliquid. DRV-USDC spot trading is available on Hyperliquid. HyperEVM contract address: 0x9628bba16db41ea7fe1fd84f9ce53bc27c63f59b

Derive welcomes FalconX as a market maker to help tighten spreads and deepen liquidity across our options markets. We’re building the best onchain options markets anywhere; now with institutional-grade participation starting to take shape.

Anyone can be come a Maker on Derive! We just shipped a completely new RFQ experience; your incoming requests, live quotes, and one-click responses are now built directly into the trading dashboard. Price, respond, and cancel quotes without ever leaving your screen.

We need a better way to hedge alts. Altcoin options are coming to Derive. After the recent market events, we’re listing altcoin options to give traders a smarter way to manage risk and hedge exposure. Let us know which alts you’d like to see first - get in touch.

Videos

Watch Anya Live

This has been a long time coming. Today marks a major milestone for institutions looking to onboard onto onchain derivatives. We’re opening up our off-exchange, custody-agnostic solution with Strands.

Excited to share that Laevitas is now tracking Derive’s onchain options data. You can track charts for individual instruments, monitor positioning, and access institutional-grade analytics on real-time options flows. 🔥

$ZEC options and perps are now live on Derive. This is the first onchain options market for Zcash. Privacy is crypto’s oldest narrative. It only makes sense that the market around it settles onchain, where positions, pricing, and settlement can be verified transparently.

Today, builders on Derive can monetize the value they create. We’ve launched Builder Codes, which let teams earn directly from better UI, smarter execution, and unique distribution networks. Over 20 teams are already integrated!

People keep telling us: “options are confusing", so we’ve launched Strategy Builder! Choose your direction, strategy, price and date and we’ll construct the position for you. You’ll receive the best price via the RFQ, the same as what institutions are getting.

Derive is live on HyperEVM. HYPE holders can now use their tokens as collateral to trade options and perps on Derive. TVL stays on Hyperliquid while users generate yield on Derive. HYPE becomes a yield-bearing collateral. Try it out at Hyperliquid.

15.01.25 $DRV is near. Years of building, partnerships, and milestones have brought us to this moment. Let’s take a moment. ↓

Introducing Derive Pro, the most customizable trading interface. Shape your strategy with modular tools, enjoy 2-3x better capital efficiency, and experience lightning-fast execution that rivals top CEXs. Customization. Capital Efficiency. Speed.

Shoutout to Jamie Coutts CMT from Real Vision on why onchain options are an under-the-radar play. First wave of option projects have iterated a bunch, experimented w/ AMMs, and now it's down to whoever can scale up margining, liquidations, and collateral.

Yesterday, we were Lyra. Today, we are Derive. Tomorrow, derivatives change forever. 🐎

Lyra is now live on @Arbitrum, integrating with GMX 🫐 💚 Get started 👉

Today, Derive integrates into . A multi-million dollar partnership to bring basis trading to Derive and unlock $4.5b of TVL and 300,000 users.

Summon ye traders, the V2 rollout begins. 𝘽𝙏𝘾 𝙀𝙏𝙁 𝙋𝙑𝙋 now LIVE! Start trading:

Tokenized Basis Trading is live. Lombard and ether.fi b-Tokens bring TradFi-grade basis trades to BTC and ETH. Structured yield, spot exposure, built for scale.

Lyra brings Real Yield to EigenLayer ⚡️⛈️🌪️ Deposit $weETH or $rswETH to earn: + $EIGEN + 10-50% APY + ETH Staking Rewards + 3x ether.fi Points + 3x $LDX or + 4.5x Swell Pearls + 4.5x $LDX Deposit now →

New to Derive? Here's a brief intro on the leading onchain options platform.

Huge thanks to everyone who made “believe in somETHing” happen. Shoutout to Desi 🐥 for putting this video together, featuring Ethereum Foundation, @ConsenSys and 400+ teams 💜 And of course vitalik.eth’s iconic speech that started it all.

LDX airdrop farming is now LIVE ⚡️ LDX is the new utility token for the Lyra Derivatives Network. LYRA holders can stake and lock to start earning their LDX airdrop 👉 What is LDX? Let’s unpack ↓