On-chain Options Protocol Derive V3 Migration Completed, Trading Resumes

The on-chain options protocol Derive has announced that Derive V3 is now live, the migration is complete, and trading has resumed. The new version utilizes Ethereum to custody assets, processes margin and settlement through zero-knowledge proofs, and introduces sub-millisecond order matching. Derive V3 allows users to create vaults without code and earn fees, releasing funds through ETH and BTC risk hedging, while also supporting yield and lending operations around ETH, WBTC, HYPE, and USDC. Derive plans to launch new markets, vaults, and partner integrations in the coming weeks.

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