Why we chose Risk Universes for Derive V3.
V3 segments risk into universes: Prime (BTC/ETH), Midcap (HYPE), Altcoin and RWA.
Inside each universe, accounts are fully cross-margined. In Midcap, for example, your ETH can be used as collateral to trade HYPE options.
Across universes, risk stays in its own lane.
Because risk is separated, V3 offers better haircuts and margin, and room to list more assets like RWAs and tail alts.
The result: what we believe is the most capital-efficient options risk engine, onchain or off.