On-chain options protocol Derive said Derive V3 is now live, its migration has been completed, and trading has resumed. The team said the rebuild is meant to support continued growth in its on-chain options business. According to the announcement, custody is based on Ethereum, while margin and settlement use zero-knowledge proofs. Derive also said order-matching latency is below 1 millisecond.
The new version supports no-code vault launches with fee collection and allows capital to be freed up through ETH and BTC risk offsets. It also extends yield and lending functions across ETH, WBTC, HYPE, and USDC, while aiming to speed up listings for both crypto assets and real-world assets. Derive added that developers can build applications on the protocol with less configuration and earn fees. Over the coming weeks, the project plans to roll out new markets, vaults, and partner integrations. The team said its on-chain options business has been operating for more than five years.
According to ChainCatcher, on-chain options protocol Derive said Derive V3 is now live, its migration has been completed, and trading has resumed.
The team said the rebuild is designed to continue the growth of its on-chain options business. Custody is based on Ethereum, while margin and settlement use zero-knowledge proofs. Derive said order-matching latency is below 1 millisecond.
What Derive V3 adds
According to the announcement, V3 supports launching no-code vaults and charging fees. It also allows users to free up capital through ETH and BTC risk offsets.
The release also covers yield and lending for ETH, WBTC, HYPE, and USDC, and is intended to speed up the onboarding of crypto assets and real-world assets.
Developer tools and next steps
Derive said developers can build applications on the protocol with less configuration and earn fees. In the coming weeks, the project plans to add new markets, vaults, and partner integrations.
The project said its on-chain options business has been operating for more than five years.
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