Derive

About Derive

-Derive is bringing the options market onchain - we have built a monopoly with over (>70% market share) and we’re experiencing rapid growth (currently 120m TVL, 70k users and 400k wallets eligible for airdrop).-The size of the market today is $200 billion and this will grow to $5 trillion over the next 3 years as more RWAs are issued onchain, and the onchain economy constitutes a significant share of financial flows globally. -Composability with Major Partners: Largest DeFi protocols (Ethena, Et Highlight/Vision: AI accelerated trading: Finally, we are pioneering agent-based AI trading which will solve the complexity problem in options unlocking trillions in latent demand and enabling us to build a trading superapp equivalent to onchain Robinhood. Market leading Risk Engine: Over 10b volume achieved in 2024 with cross-asset collateral across options, perps, structured products, spot, and borrow/lend_ over 20 perp markets such as Ethena, Lombard, EtherFi, Kelp, and Swell. Token Economics: Current 1. Governance 2. Control of DAO Treasury 3. Staking 4. 25% of revenues used to buyback DRV on market for DAO Treasure Future 1. Fee rebates and discounts 2. Protocol owned liquidity direction 3. Gas token on the Derive chain Technical Overview: Derive offers a generalized risk engine that supports a wide range of financial instruments, including options, perpetual futures, and spot assets, with sophisticated margining methodologies. Its modular design allows for rapid upgrades and customization, while the use of subaccounts ensures user-centric, permissionless asset management. Furthermore, Derive enhances accessibility and trust through decentralized governance and transparent operations, empowering users to trade more efficiently and securely while maintaining full control of their funds. Token Allocation: Market Makers 3% - TGE unlock 100%_ Ethena Foundation 5% - TGE no unlock, cliff period 6 months, vesting period 25 month_ Circulating/Vested 58% -TGE unlock 100%_ Eco_/ Community 20% - TGE unlock 2.3%, no cliff period, vesting period 77 month_ Foundation 3% - TGE no unlock, cliff period 1 months, vesting period 20 month_ Team 3% - TGE no unlock, cliff period 6 months, vesting period 30 month.