Derive.xyz

LIT is now live as collateral on Derive 🕯️

Deposit LIT and put it to work without selling it:
• Margin LIT options and LIT-PERP
• Sell covered calls against your LIT
• Use it as cross-margin for BTC, ETH, HYPE and alts

Keep your exposure to @Lighter_xyz while making your holdings productive.

One Week to Go! 🏁

Road to Expiry with @kinetiq_xyz is heating up on the 13 Nov $HYPE expiry:
- $41M notional traded
- ~$24M open interest
- 151 traders competing for the kHYPE prize pool

New to Derive? Qualify and earn 1 kHYPE back.

Our CEO @nickforster in the Wall Street Journal.

Odds of BTC finishing above $80K on Friday: 5% at the overnight low, 55% after the results.

"Traders were paying a premium for protection ahead of the election. Once the results became clear, much of that demand disappeared."

Article link below 👇

GM

BTC dumps to $76k → Derive BTC options volume surges 124%.

$231M traded yesterday, $189M of it options, BTC options alone: $135M.

Volatility is traded on Derive 🔥🐴

We're working with @CircuitAI to make options a natural part of trading through agents.

We've heard from traders that understanding Greeks and managing options positions can be a lot to take on. To bring more retail users into options, we need to abstract more of that complexity.

Circuit lets people run different strategies with an agent managing positions and getting in and out as conditions change. They've now fully integrated our orderbook, making it easier to incorporate options into broader trading strategies.

We think this will become the default way to trade: deciding on a strategy and delegating more of the execution and ongoing management to an agent.

Our first campaign together kicks off November 10. More to come.