Not easy to find crypto teams that you can 100% rely on. Conduit is one of those rare ones.

.@derivexyz app chain top 3 in mgas/s

So cool - that’s what defi is all about, equal access to top notch markets / instruments.

Plug-and-play algo trading on Derive!

Still a long ways away from target, but Derive by far the most organic / liquid options market onchain

Lots of demand for USDC as we’re one of the few protocols that allow multi collaterals for perps and options but settle in USDC

One benefit of defi is that the chain / node gives you a free / rate limit-less API for your agent. Excited to see Grix build this out.

40x non liquidatable leverage on @derivexyz 🫡

git push -u origin derive-trading-system-rearch

This + options great as insurance too. Can buy ultra cheap puts 1wk-1mo out if you think this 40% run needs a bit of a breather @derivexyz

Excited for our power option traders to try this. We built a modular base layer in the protocol that allows for “periodic upgrades”. New risk managers used to require 6-9mo and massive migrations. This one we design->audit->deployed in 2-3mo. Users get 2-3x capital efficiency.

Rolling this out in prod very soon. We’ve got 2-3 other big near term 10x improvements brewing meanwhile.

Grinding it out with Muir Telonic. Roundtrip cancels / post-only orders already at 200-500 micros in mainnet. Next stop, p99 <1ms on all orders.

ETH Strategy today announces a strategic partnership with Derive to launch our Perpetual Note Vault. This new product targets USD-denominated yield using STRAT convertible notes on Ethereum as the base and options on Derive Chain for execution. blog.ethstrat.xyz/derive-vault

Direct impact on our UX is that users and market makers will soon be able to fit 256 options in a single portfolio (currently 128) - 100% margined onchain. Seems like microjuice, but seriously reduces onboarding friction for MMs that are used to unlimited CEX position limits.

Look at these amazing spreads:

Reminder: coinbase bought deribit for billions Derive is the hyperliquid of options Note: dcf cap holds drv

OI jumped again $235M in the last 24h (single-sided) Next stop: $1B 🔥

Well said

Quietly growing. It takes forever to build up the network effects for an options protocol. But there is a massive moat once you have achieved it.