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Project Overview
Derive is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Derive Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Derive to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
Event-related news
Derive Launches V3 Migration Proposal: Migrating V2 Positions and Balances to a zkVM Architecture Settled on Ethereum Mainnet
TechFlow The Derive community has released the "Launch Derive V3" proposal, planning to deploy and launch Derive V3. The new version will run on zkVM programs settled on the Ethereum mainnet, migrating Derive V2 accounts, balances, positions, rewards, native ETH, and ERC-20 assets held in wallets to the V3 genesis state. Upon completion of the migration, bridged funds will be transferred to L1 contracts, user wallets, or the relevant LayerZero OFTAdapter contracts, and Derive Chain will gradually shut down.
Bithumb Will List DRV KRW Trading Pair
According to the official announcement, Bithumb will list the DRV KRW trading pair.
Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对
据官方公告，Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对。
Coinbase to List MetaDAO (META) and Derive (DRV)
Coinbase announced that spot trading for MetaDAO and Derive will go live on May 27, 2026. The META-USD and DRV-USD trading pairs will open at or after 9:00 a.m. PT—subject to meeting liquidity conditions—and will officially launch in supported regions.
Coinbase adds MetaDAO (META) and Derive (DRV) to asset listing roadmap
Coinbase has added MetaDAO (META) and Derive (DRV) to its asset listing roadmap. Coinbase stated that the trading launch of these assets remains subject to market-making support and technical infrastructure readiness, and the specific listing timeline will be announced separately once conditions are met.
Related news
Derive Launches V3 Migration Proposal: Migrating V2 Positions and Balances to a zkVM Architecture Settled on Ethereum Mainnet
TechFlow The Derive community has released the "Launch Derive V3" proposal, planning to deploy and launch Derive V3. The new version will run on zkVM programs settled on the Ethereum mainnet, migrating Derive V2 accounts, balances, positions, rewards, native ETH, and ERC-20 assets held in wallets to the V3 genesis state. Upon completion of the migration, bridged funds will be transferred to L1 contracts, user wallets, or the relevant LayerZero OFTAdapter contracts, and Derive Chain will gradually shut down.
Bithumb Will List DRV KRW Trading Pair
According to the official announcement, Bithumb will list the DRV KRW trading pair.
Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对
据官方公告，Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对。
Coinbase to List MetaDAO (META) and Derive (DRV)
Coinbase announced that spot trading for MetaDAO and Derive will go live on May 27, 2026. The META-USD and DRV-USD trading pairs will open at or after 9:00 a.m. PT—subject to meeting liquidity conditions—and will officially launch in supported regions.
Coinbase adds MetaDAO (META) and Derive (DRV) to asset listing roadmap
Coinbase has added MetaDAO (META) and Derive (DRV) to its asset listing roadmap. Coinbase stated that the trading launch of these assets remains subject to market-making support and technical infrastructure readiness, and the specific listing timeline will be announced separately once conditions are met.