Today, Derive, is pleased to announce the launch of a new covered call strategy using rswETH from Swell and weETH from EtherFi as collateral. This program offers ETH holders a sustainable way to generate additional income through an automated, tokenized strategy. This will be the first of many strategies implemented

TL;DR * One-click spreads are live on Derive, enabling you to craft any payoff in a single order * Traders can now comfortably realize profits on in-the-money positions without needing to worry about gaps in liquidity * Individual leg risk, slippage, and front-running are eliminated, and upfront capital requirements are drastically reduced

This year, Lyra has launched a new protocol, an L2, and most recently a novel primitive to tokenize derivatives yield on EigenLayer. With this renewed scope and direction comes a new token: DRV. Today, the DRV Airdrop begins. This airdrop rewards traders and yield farmers, and aims to bootstrap new

TL;DR * Derive is launching a new primitive to tokenize derivatives yield — any yield-bearing derivatives trade can be automated and packaged up into a composable erc20 * This new primitive will support the dynamic EigenLayer restaking ecosystem, as new AVSs and LRTs create demand for optimal and sustainable yield * We are

TLDR * DRV is the new utility token for the Derive Derivatives Network; an ecosystem including a Chain, Protocol, Exchange and Wallet * The DRV Farming Program allows LYRA holders to farm DRV, starting today * LYRA balances will be snapshotted on May 8 and migrated 1:1 to DRV — DRV has the

TLDR * Zero days to expiration (0DTE) options have taken markets by storm * 0DTE crypto options offer a uniquely attractive value proposition * Low-cost and minimal max loss * Higher volatility than TradFi 0DTE options on high beta tech stocks * No liquidation risk despite having higher leverage than perps * Transparency, self-custody, and 24/

"Options provide the cheapest access to leverage." After almost two years of down-only price action, the skies are clearing and the bulls are charging through the streets. Crypto options are so back. Since the last bull-cycle, 0 Days to Expiration (0DTE) options have rocketed in popularity. This blog

For those venturing into the world of options trading, the journey may initially appear overwhelming. Fortunately, the digital landscape is rich with educational content designed to unravel the complexities of this intricate field. Through a careful examination of numerous online tutorials, we have curated a list of the top five

TLDR Savvy traders are earning superhuman yields basis trading on Derive: * The basis trade is the godfather of non-directional, interest-bearing crypto trading strategies * Basis trading yields are the most bountiful in bull markets * Traders are currently earning ~$5 in DRV rewards per $1 in fees paid * You can farm basis

TLDR * Derive has officially democratized capital efficiency — portfolio margin, cross-asset collateral, and multiple accounts are live on Derive for all traders * This is novel for options and perps — a first-of-its-kind feature offering in DeFi * Users can now create up to 32 subaccounts to compartmentalize risk * Portfolio margined subaccounts on Derive

TLDR * The BTC ETF PVP trading competition marks the first phase of the Derive rollout, with the final phase slated for early January. It aims to: * Concentrate liquidity on a single asset (BTC) and expiry (Jan. 12th) * Create the highest-ever BTC options OI expiry in DeFi * Make V2 the most

Partial liquidations are an essential aspect of the V2 overhaul - they swiftly remove risk from the system and ensure a maximally beneficial user experience for traders. The market impact of liquidations is reduced by closing over-extended positions incrementally, decreasing the likelihood of insolvency and cascading liquidations. Liquidating positions incrementally

The Derive Matcher is going open-source! There is much duplicate work being done on orderbooks in crypto, and much more to be done still, as the crypto techstack rapidly evolves. We felt it would only benefit the DeFi ecosystem, and ultimately our users, to open up the first all-in-one self-custodial

We know Derive is coming. We know it’s made for pro traders. And we know it’s the most scalable derivatives protocol yet. But how did we build it all onchain? It’s time to find out how we leveraged the OP Stack to build Derive Chain and make

The Derive protocol is the culmination of 12 months of rigorous research and development. In this blog post, we deep dive into the key features of the protocol’s design, including its modular architecture, subaccount and asset management innovations, permissionless onchain risk checks and liquidations, and strategic trade-offs that contribute

Despite comprising the vast majority of the decentralized crypto options market, trading over $1.5bn in notional volume, more than all other options DEXes combined, Lyra V1 was not fine-tuned for the discerning demands of smart money. The time is ripe for that to change. Enter Derive, a fully redesigned,

TLDR Derive is a spot, perpetuals and options trading platform designed to be secure, performant and easy to use: * Derive Protocol, a decentralized settlement protocol for spot, perpetuals and options trading. * Derive Chain, an OP stack rollup providing high throughput, low cost settlement of transactions to Ethereum mainnet. * Support for

Lyra Governance V2 signals a progression from a representative council model, introducing a fully on-chain system that allows LYRA token holders to directly govern the protocol and treasury.

As we approach $1b in notional volume traded, it’s time to take another step forward in the evolution of The Lyra Protocol. This blog will share the implications of the Newport upgrade, covering how we’ve extended the protocols capability to integrate with any perpetual exchange on any EVM

Today, we’re delighted to announce that Lyra has raised $3m from Framework Ventures and GSR in a strategic round. Lyra will continue to work with respected and capable venture capital partners as the protocol continues building towards the vision of becoming the volatility engine that powers DeFi. In August

It’s here! We’re proud to announce the most significant upgrade to Lyra yet, Avalon. Now live on Optimistic Ethereum, Lyra Avalon builds off the strong foundation established in V1 (Two-sided options markets, unified liquidity, composable delta hedging) with a suite of new features which will offer the best

Now that nearly 9 rounds of trading are in the books, it's time to examine how the Lyra AMM has performed. We’ll first dive into the mechanics of the AMM and then dig into the numbers to see how the AMM has fared, and how it might