Derive.xyz

Derive is a decentralized finance (DeFi) protocol focused on institutional-grade crypto options and futures trading onchain. Built on Ethereum as an optimistic rollup, it combines the security and decentralization of Ethereum with fast, low-cost transactions and self-custody. Derive targets professional traders, market makers, and institutions seeking advanced derivatives trading with capital efficiency and sophisticated risk management. The protocol supports trading of options, perpetual futures, and yield products on major cryptocurrencies including BTC, ETH, and various altcoins.

Key features include portfolio and cross-margining that optimize capital use by allowing unified collateral management across multiple positions and assets. Derive supports cross-asset collateral, enabling traders to use a variety of assets such as stablecoins and staked or restaked ETH and BTC as collateral. Its Rust-powered offchain orderbook delivers high throughput (up to 20 million transactions per second) and low-latency WebSocket streaming, providing a trading experience comparable to centralized exchanges but fully onchain.

Derive also offers block Request-for-Quote (RFQ) functionality for large trades and complex multi-leg option structures, catering to high-frequency traders and market makers. The protocol is audited and monitored with zero-trust security principles to ensure safety and reliability. Developers and integrators can access comprehensive REST and WebSocket APIs with client libraries in Python, Rust, and JavaScript, facilitating seamless integration into trading systems or custom frontends. Getting started involves onboarding via the Derive interface or manual API onboarding, with detailed documentation and support available.