@BrianInCrypto@Ostium@tether@VelocityDEX Tether didn't save drift per se. Their deal was structured as activity linked credit facility and loans to MMs. Users recovery is based on a rev share with drift. The deal didn't help much. Their founder/CEO just announced her departure yesterday.
@0xthade They raised $28m, they announced back in March their revenues crossed $30m. Yet they couldn't afford $24m loss. Did NASDAQ take all their treasury for that billboard or something!
@DeriveXYZ just recorded its best month ever.
$3.8B in options notional volume traded through the exchange during Sep.
Derive accounts for ~95% of onchain options volume.
$DRV