Derive completes V3 migration and resumes Ethereum-based options trading
- —Derive finished its V3 migration and relaunched onchain options trading
- —Assets are custodied on Ethereum; margin and settlement use zk-proofs
- —Order matching latency is claimed at under 1 millisecond
- —V3 adds no-code vaults, yield and lending for ETH, WBTC, HYPE and USDC
Why it matters: Derive's return intensifies competition in onchain options, a segment seeing growing institutional demand for derivatives.
Source: TokenPost