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Nomatic
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Nomatic retweetledi
Great conversation between @DeFi_Dad, @Nomaticcap, and @DeriveXYZ on the latest @Edge_Pod.
Following up on our Space with @ksett13 earlier this week. Worth the full listen.
The question at 22:19, "vaults to be built on Derive," is exactly what we've been building since 2023.
D2 isn't just a vault manager sitting on top of Derive. We built the one-click access layer for complex options strategies that DeFi has been missing.
✅ Calendar spreads exploiting inverted vol term structures.
✅ Relative value across maturities.
✅ Gamma positioning around key dealer hedging levels.
Strategies that used to require 100M AUM are now accessible through a single vault deposit.
The edge in options has never been about predicting direction.
It's about understanding how time decay, implied volatility, and Greeks interact, then positioning around those dynamics before the rest of the market catches up.
That's what D2 does on-chain. Every epoch since 2023.
On the flow side, D2 naturally absorbs unsophisticated directional positioning on Derive.
Think of it as an options-native @HyperliquidX HLP. But here's the nuance that separates a professional book from a naive short vol strategy: with non-linear payoffs, the crowd is sometimes right.
A gamma squeeze doesn't care about your theta. Convexity is unforgiving if you're short it at the wrong moment.
The edge isn't in always fading retail. It's in sizing correctly, managing Greeks dynamically, and knowing when to step aside.
That's what 10+ years of TradFi derivatives at firms like PAG ($55B AUM) teaches you that a yield optimizer never learns.
The "infinite payoff factory" is already real at D2.
D2 has been the institutional strategy layer plugged into @DeriveXYZ opportunities from day one.
DeFi Dad ⟠ defidad.eth@DeFi_Dad
🎙️ New @Edge_Pod 🤗 Why Onchain Options Are Finally Working: Derive's 90% Market Share and What's Next? 0:00 - Intro 2:27 - Betting on onchain options in 2021 4:10 - Largest onchain options exchange 5:28 - Building “the infinite payoff factory” 11:59 - Why they never pivoted to perps 14:00 - The inflection point 16:37 - How RFQ works for size 18:04 - Yieldmageddon 22:19 - Vaults to be built on Derive 24:17 - Is there an LP pool-style product? 25:17 - From Lyra's AMM to Derive's CLOB 28:20 - What markets are live today? 29:09 - Which networks Derive supports 30:26 - HYPE options driving new growth 31:36 - What if HL launched options? 35:53 - Options have strong network effects 39:17 - RWA options markets coming 44:14 - Who trades on Derive? 46:13 - Growth charts 48:43 - Why options are countercyclical 51:09 - All value flows to DRV 55:08 - Synthetix’s acquisition proposal 57:43 - How big can Derive get? 1:00:27 - What's next? 1:02:03 - Closing 🙏 Thanks to @DeriveXYZ CoFounder & CEO @itseneff for joining us!
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@D2_Finance @DeFi_Dad @DeriveXYZ @edge_pod @ksett13 Thanks chads, you guys have been pioneers in yield harvesting through options 🤝
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Nomatic retweetledi
RFVooors just reaped a 3x
sudoswap@sudoswap
PSA: A governance proposal has been submitted to fund a ragequit smart contract for SUDO with the ≈400 ETH accumulated from protocol fees. This would let SUDO holders exchange tokens at a fixed rate of ≈0.0000156ETH per SUDO. More details on Tally: tally.xyz/gov/sudoswap
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Nomatic retweetledi
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Nomatic retweetledi
🎙️ New @Edge_Pod
🤗 Why Onchain Options Are Finally Working: Derive's 90% Market Share and What's Next?
0:00 - Intro
2:27 - Betting on onchain options in 2021
4:10 - Largest onchain options exchange
5:28 - Building “the infinite payoff factory”
11:59 - Why they never pivoted to perps
14:00 - The inflection point
16:37 - How RFQ works for size
18:04 - Yieldmageddon
22:19 - Vaults to be built on Derive
24:17 - Is there an LP pool-style product?
25:17 - From Lyra's AMM to Derive's CLOB
28:20 - What markets are live today?
29:09 - Which networks Derive supports
30:26 - HYPE options driving new growth
31:36 - What if HL launched options?
35:53 - Options have strong network effects
39:17 - RWA options markets coming
44:14 - Who trades on Derive?
46:13 - Growth charts
48:43 - Why options are countercyclical
51:09 - All value flows to DRV
55:08 - Synthetix’s acquisition proposal
57:43 - How big can Derive get?
1:00:27 - What's next?
1:02:03 - Closing
🙏 Thanks to @DeriveXYZ CoFounder & CEO @itseneff for joining us!
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Nomatic retweetledi
Long time listener first time caller with @DeFi_Dad and @Nomaticcap - we went deep into Derive's history, our positioning, and some alpha on what's next. Really, really fun one.
DeFi Dad ⟠ defidad.eth@DeFi_Dad
New @edge_pod's out on @DeriveXYZ! "The market is littered with graveyards of options protocols that died from lack of runway or pivoted to perps." But Derive and @itseneff beat the odds, kept building, and now they own 90-95% of market share. This is their story 🙌
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@Nomaticcap @castle_labs @ryskfinance @ether_fi @DeriveXYZ @kpk_io @0xfluid It was cool to talk to you!
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Such a blast coming on the @castle_labs stream to nerd out about DeFi with these chads.
Some of what we talked about:
-What I'm doing now in DeFi
-What excites me in DeFi
-We talked $STRC, @ryskfinance, @ether_fi, @DeriveXYZ, @kpk_io and @0xfluid (from what I recall)
Castle Labs 🏰@castle_labs
Live with Restream, March 26 x.com/i/broadcasts/1…
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Not invested, but actually find this sort of thing a natural fit to be onchain.
Megapot@megapot
We raised $5M led by Dragonfly to build a global lottery
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@phtevenstrong @NOONcapital Yep, absolutely correct. Radical transparency before it was cool.
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@Nomaticcap @NOONcapital They were one of the first teams to use accountable, FWIW
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I was talking to @NoonCapital and trying to poke holes in their model.
Their private credit allocation stood out.
I basically said: the onus is on you to prove this is safe.
I wasn’t sure they could.
But I came away more convinced than I expected 👇
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Nomatic retweetledi
New @edge_pod's out on @DeriveXYZ!
"The market is littered with graveyards of options protocols that died from lack of runway or pivoted to perps."
But Derive and @itseneff beat the odds, kept building, and now they own 90-95% of market share.
This is their story 🙌
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DeFi founders are amazing problem solvers.
This was a missing piece to the puzzle of RWA looping.
Rob Montgomery🦞@RobAnon
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I can't believe I tagged the wrong @noon_capital 😤
Nomatic@Nomaticcap
I was talking to @NoonCapital and trying to poke holes in their model. Their private credit allocation stood out. I basically said: the onus is on you to prove this is safe. I wasn’t sure they could. But I came away more convinced than I expected 👇
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What ETH yields can loopers expect?
Currently: 11% APY on ETH
Underlying yield: 2.79% APR (30d avg)
Borrow APR: 2.00% (variable)
87% out of 91.5% LTV
Or just deposit into the @kpk_io ETH Yield vault that powers it all 🔥😉
Origin Protocol@OriginProtocol
ARM depositors can now leverage loop ARM yields on @Morpho 🦋 Borrow WETH against your position to loop — the ARM captures LST price-to-collateral spreads, performing best during volatility. Market setup curated by @kpk_io: 🔗#overview" target="_blank" rel="nofollow noopener">app.morpho.org/ethereum/marke…
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