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Derive
Derive is the rebranded Lyra, an OP Stack chain focused on options with perps alongside, using a portfolio margin engine that nets risk across both.
$41.25M
Open interest
-
24h volume
12
Live markets
2m ago
Last refresh
polled live
Mechanics
How it works
An off-chain matching engine settles to the Derive chain. Portfolio margin nets options and perp exposure in a single account, which is unusual on-chain.
Risk
What to watch
Portfolio margin is powerful and unforgiving: correlated moves can liquidate positions that look independently safe. Perp depth is thinner than options.
History
Incidents and changes
Exploits, rebrands and other events that materially changed this venue.
- 2024Rebranded from Lyra to Derive
Lyra Finance became Derive and moved to its own OP Stack chain. The public API is still served from api.lyra.finance.
source ↗
Markets
What Derive lists
Deepest first.