Description
Derive is a decentralized protocol that creates unique and programmable onchain options, perpetuals, and structured products. The Derive Protocol is a permissionless protocol that settles perpetuals and options trades, deployed on an Optimistic Rollup that settles to the Ethereum blockchain, and is governed by the Derive DAO and DRV token holders. As a decentralized exchange (DEX), it is a peer-to-peer marketplace where transactions occur directly between traders, fostering financial transactions that aren't officiated by banks, brokers, or any other intermediary. Key features include self-custody, transparency, borderless transactions and immutability.