On-chain options protocol Derive said Derive V3 is now live, its migration has been completed, and trading has resumed. The release shifts custody of assets to Ethereum and uses zero-knowledge proofs to handle margin and settlement. Derive also said the new version brings sub-millisecond order matching.
According to the project, V3 lets users create vaults without writing code and earn fees. It also supports freeing up capital through ETH and BTC hedging. In addition, the platform now supports yield and borrowing strategies built around ETH, WBTC, HYPE, and USDC.
Derive said it plans to roll out new markets, additional vaults, and partner integrations over the coming weeks. The update marks the completion of the protocol’s migration process and the return of trading on the platform.
On-chain options protocol Derive said Derive V3 is now live, the migration has been completed, and trading has resumed.
According to the project, the new version uses Ethereum for asset custody and handles margin and settlement through zero-knowledge proofs. It also adds sub-millisecond order matching.
Derive said V3 lets users create vaults without code and earn fees. It also supports capital efficiency through ETH and BTC hedging.
The release also supports yield and borrowing activity around ETH, WBTC, HYPE, and USDC. Derive said it plans to launch new markets, vaults, and partner integrations in the coming weeks.
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