🦇🔊 Bobloblawlaw.Ξth🏒🍁

total raised: $7.5b total 24h revenue: $1,306 15,418 years to return investments

Onchain options are inevitable. Options are always the last vertical to mature in finance because of their complexity and the sophistication, long term and institutional nature of the cornerstone trading activity required to bootstrap a two-way market. On the flip side, because of how difficult the category is - I believe it is also the one with the strongest network effects. Liquidity compounds, institutions are sticky. Trust, stability, and years of proven operation matter. Today Derive accounts for 90% of the onchain options market. It remains small but it is growing quickly. Just yesterday, we printed our largest notional trade ever ($210m notional). Over the past 30 days you can see that Derive is responsible for $49/55m of premiums traded tracked by DeFiLlama. Options are a hard game. We started building in 2021. Since then, we have watched dozens of options teams launch, fail, or pivot away. We survived through discipline, focus, and a consistent thesis: Derive will be the liquidity layer for the most programmable financial instrument inside the world’s most programmable environment for capital. Derive v3 is close - it is the culmination of over 5 years of operating at the bleeding edge of onchain finance and will result in the realization of the vision we set out to build all those years ago: the infinite payoff factory. A platform where traders, builders, and integrators can manufacture any payoff for yield, hedging, or speculation, on any asset, 24/7. This extends far beyond the crypto assets you see on platform today. Over time, Derive will enable options markets across every major RWA category: equities, indices, metals, energy, compute, and more. We will not be rushing these launches - 5 years of experience in building options liquidity has made it clear that it is better to measure twice and cut once. But when these markets go live, our goal is clear: to make them the deepest, most programmable, and most functional options markets anywhere onchain. One year ago onchain options were seen as a dead category with zero PMF potential by 99% of the industry (arguably with the exception of the Derive community). The tide is turning. More people are beginning to recognize the scale of the opportunity. For those who have not been paying attention, now is the time. Just watch.