
Nick Forster | Derive
1.3K posts

Nick Forster | Derive
@itseneff
cofounder and CEO @DeriveXYZ



About a year ago we made the switch from podcasting to live shows. Time flies.





Today on MCG: @ksett13 | @DeriveXYZ 99% of people in crypto know perps but few understand options... Ksett breaks down why they are the next frontier, how they will be accessible on-chain, and why $22.3 billion in notional volume is just the beginning 👇 00:46 - Meet Ksett 01:19 - Background 01:37 - From user to team member 02:11 - Most people know perps — why options are the next step 02:48 - Perps limitations 03:36 - What you can build with options 04:42 - The team 05:56 - What Derive offers 08:59 - On-chain benefits 09:33 - Self-custodial 11:53 - How Derive came to be 21:26 - Who is the target audience? 21:55 - The institutional set 22:10 - The broker program 23:47 - Agentic trading 27:05 - A retail agent version 28:32 - Is Derive bridging CeFi to DeFi? 29:38 - Commodities on Derive 41:10 - Coinbase acquisition 42:17 - $22.3 billion in notional volume 43:28 - Governance and tokenomics 45:40 - Options MM program 50:31 - The SEC side and regulation 51:37 - White label opportunities 51:53 - 35% of fees go to buybacks 57:07 - Wrap up and takeaways


$HYPE two week implied vol sits at ~60% (implying a 3% average daily move until May 15). This is down from 100% (!) in February, a big drop. Flow has overwhelmingly been selling HYPE vol as the market has developed, with covered calls being the most popular strategy on Derive.









New gov proposal, DRV holders take a look, tldr: - Buyback % increase from 25% to 35% - DRV Staking emissions down 60% - Unstake period down from 28 days -> 7 days 'Together, these changes are intended to reduce unnecessary emissions, improve capital efficiency, and make staking more flexible for token holders.' forums.derive.xyz/t/dip-update-d…









