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Derive

Derive (formerly Lyra) is an onchain crypto options and futures protocol built on Ethereum, offering institutional-grade derivatives trading with CEX-like speed and self-custody. It serves professional and institutional traders, market makers, and integrators seeking capital-efficient options, perpetuals, and yield products.
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Description

Derive is an optimistic rollup settling to Ethereum that provides institutional-grade options and futures trading onchain. The protocol offers portfolio and cross-margining for capital efficiency, Block RFQ for large block trades and complex multi-leg structures, cross-asset collateral support (including stablecoins and staked/restaked ETH and BTC), and a Rust-powered orderbook capable of high-throughput offchain matching with low-latency WebSocket streaming. Its infrastructure is audited and monitored under zero-trust security principles. Derive focuses on serving professional traders, high-frequency trading firms, market makers, and integration partners, providing white-glove service and tailored institutional support for trading BTC, ETH, and altcoin options and perpetuals.