Derive (DRV) is now available on @HyperliquidX.
DRV-USDC spot trading is available on Hyperliquid.
HyperEVM contract address: 0x9628bba16db41ea7fe1fd84f9ce53bc27c63f59b
Built for serious traders:
โข ๐ Portfolio margin with portfolio-level risk engine.
โข ๐ Cross-asset collateral across BTC, ETH, stablecoins & LSTs.
โข ๐น Trade options, perps & spot from a single margin account.
โข ๐ค Block RFQ for institutional-sized and multi-leg trades.
๐ Derive is gearing up for the launch of V3, our biggest upgrade yet.
๐ More details coming soon.
๐ฒ Follow @deriveinsights and this channel to stay up to date.
๐
With HYPE moving around, sophisticated traders on Derive are using options to farm the volatility rather than selling their HYPE/kHYPE.
The clearest positioning is:
(1) Short August and September puts at $55โ58
(2) Long September calls at $100โ110
By selling those puts, traders
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Three clicks on testnet and we have a self-custodial vault with access to:
- options, perps, spot, borrow/lend strategies within one vault
- industry leading portfolio margin
- transparent and verifiable reporting/history
More to come, very soon
Binance just dropped a covered call vault if you enjoy the feeling of your face being ripped off
They take 15% of all premiums generated regardless of performance AND tack on redemption fees
Derive v3 will solve vaults, once and for all, soon
ETH calls paid this week.
Congrats to one trader who closed 730 ETH $1,900 calls for $17.7K in profit on Derive. He spent less than 1/10th opening those positions.
$ETH options block trading activity has picked up significantly following the recent release of @VitalikButerin 's Lean Ethereum roadmap, which outlines a multi-year plan for scaling, quantum resistance, and privacy upgrades.
A review of the last 24 hours of trading across
Derive has launched the first fully lit options market for @Zcash$ZEC.
๐ธ Spreads tightening, especially around ATM strikes
๐ธ More market makers responding to RFQs
๐ธ Trade $ZEC using 23+ collateral assets
Bullish, bearish, or neutral, options offer strategies for expressing
A possible ETH rotation is showing up on Derive.
Weโre seeing ETH options surge in trading volume, nearly matching BTC last week. One of the more popular trades has been risk reversals expiring July 31 and August 28.
Options flow for HYPE on Derive over the past 24h:
100kx 70/80 bull call spread on the 24JUL26 expiry. 50kx 70-C bought, 50kx 80-C sold.
Short strangles rotated through the day: 17JUL26 63/67, 24JUL26 60/70, and 17JUL26 62.5/67.
What can you actually do with a tokenized equity?
- 24/7 trading (coming to all mkts soon)
- Borrow against them (this is useful)
- Lend them out (enjoy your 0.05% per year)
Most assets have a lending rate of <10bps - you simply can't wring yield from them.
Options change
Weekly Buyback #75 Complete
220,123 DRV was purchased at an average price of $0.16. Derive DAO has bought back a total of 26,334,324 DRV.
Buybacks are allocated 35% of protocol fees.
A great introduction to Derive, its founder, and the opportunity in onchain options is @nickforster's appearance on @edge_pod
It covers much of Derive's thesis: our early journey, why the collapse in basis yields makes options one of the most compelling sources of onchain yield,