Derive is a decentralized exchange (DEX) specializing in derivative trading, offering scalable and efficient cross-chain solutions. It allows users to trade derivatives with high liquidity across multiple blockchain networks, delivering a smooth and decentralized trading experience.
The Derive Protocol operates on Derive L2, an Ethereum rollup within the OP Stack governed by a DAO. The protocol consists of three main components: subaccounts, managers, and assets.
Investment Backing
Derive (formerly Lyra) has raised $6.3M in investments from Framework Ventures, GSR, ParaFi Capital, Divergence Ventures, and others.
