Migration complete. Derive is running on its new V3 architecture.
Market makers and traders are reconnecting as liquidity builds back up. Withdrawals for some assets may take up to a week to resume.
We'll share more about V3 in the coming days, including a closer look at the new architecture and what’s next for users and builders.
This moment feels like an origin story for @DeriveXYZ
5 years of persistence. Infrastructure that scales well beyond the walls of crypto. Shipping repeatedly, consistently…and then finally: traction 🧵
Derive has the main $HYPE options market
Derive is 1st to launch off-exchange custody with @BitGo for insti’s
Derive has ~$3B in open interest - more than OKX, Bybit, Binance
Derive dominates the category - does 94% of all defi options
Massively improved liquidity both on OB & RFQ
Derive offers options on $ZEC, has 22+ collaterals including $kHype, $wsETH, $fXRP
Derive lets you earn juicy yield on deposited USDC 👀
You know where this is heading, it’s going to be a massive year for @DeriveXYZ
As long as I've been in DeFi I've heard onchain options will be huge.
The @DeriveXYZ team has battled through 5+ years of crypto ups and downs and have emerged as the only serious competitor. Their PMF during the bear market has been extremely impressive.
I think they're on the verge of becoming one of the most important apps in all of DeFi. And this isn't a token shill, somehow I don't hold ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be. I really need to though, but it keeps running away on me. This is a different kind of shill - read on.
V3 is the culmination of everything they've been building towards.
Where are they building Derive V3?
It's currently up in the air, Ethereum Mainnet looks like the early winner, but all the usual big chains are knocking on their door aggressively. Nothing is settled.
How do I know this?
I'm fresh off a podcast with Co-Founder @nickforster who may cringe at me bringing this up 😂
There's possibly no product better suited for institutional adoption than Derive.
I think this can be Ethereum's Hyperliquid (h/t @dcfgod)
Therefore, I have one request. For the newly created Ethereum Orgs: this is one of those non-obvious types of wins I think you need to be going after. I urge you to be as aggressive as possible.
There will be no adoption without apps like Derive...
@ethlabs_org@ethereuminsti@Etherealize_io@fundstrat@joechalom
Happy Lunar New Year from FalconX!
As we welcome the Year of the Horse, we’re reflecting on growth, innovation, and the partnerships that make our journey possible. Here’s to a year filled with prosperity, resilience, and new opportunities in the world of digital assets.
FalconX is launching Prime Brokerage Margin Financing for trading on @HyperliquidX, enabling clients to access up to 5x leverage on a leading onchain derivatives venue.
Clients can trade on Hyperliquid using FalconX financing, with portfolio-level margin and risk management through a single prime relationship. For DMA clients, exposures can be netted across Hyperliquid and supported DMA venues, including Binance, OKX, Bybit, and Deribit, unlocking greater capital efficiency across portfolios.
“As DeFi markets continue to grow, financing and risk frameworks need to evolve alongside them,” said Matthew Long, General Manager, APAC & Middle East at FalconX. “By extending our prime brokerage financing to Hyperliquid, we’re bringing FalconX’s risk discipline and capital framework into onchain markets.”
Read here: https://t.co/QNKwZXeg4O
FalconX will be on the ground at @CoinDesk's @consensus_hk, February 11–13!
We’re looking forward to connecting with innovators shaping the future of finance and technology, and engaging in conversations shaping the next phase of digital markets.
If you’re attending, come find our team – we’d love to connect.
FalconX is expanding support for the Hyperliquid (HYPE) ecosystem with custody and staking solutions.
Clients can now:
✓ Custody HYPE securely on FalconX
✓ Stake HYPE on HyperCore directly from FalconX Custody accounts
✓ Delegate staking to the FalconX validator, operated with @ChorusOne
✓ Access liquid staking via @kinetiq_xyz (kHYPE, iHYPE) for greater flexibility
This is just the first phase of FalconX’s engagement with the Hyperliquid ecosystem. Beyond custody and staking, FalconX will soon integrate HYPE into its market-making capabilities, enabling institutional clients to access liquidity, yield, and exposure through a single trusted platform.
It used to be risky to put crypto into your institutional portfolio. Now it's risky not to. The flows into ETFs, DATs and crypto focused equities show how quickly allocators are realizing this.
Digital assets and crypto are the future - plain and simple.
It was a pleasure to join the Wyoming Blockchain Symposium this morning to discuss how I’m working to keep America on the cutting edge of digital asset innovation.
It’s been a wild ride – but one that speaks volumes about what it means to operate as a truly crypto-native firm. @FalconXGlobal has been one of the largest liquidity providers supporting the movement of new digital asset treasuries. Over the past few months, our spot desk has seen multiple record-breaking weeks, handling nearly 30% of all inflow for the deals.
But why are treasuries bringing size to FalconX? We provide balance-sheet flexibility by bridging the gap between capital raising and deployment, while offering deep expertise and execution through bespoke structuring of large tickets – efficiently utilizing our FX, OTC, and derivatives pipelines.
ETH corporate treasuries attracted more than $6B+ in just 2 months; while spot ETH ETFs took nearly a year to hit the same milestone. That pace reflects the nimbleness that’s required to capture emerging opportunities in this market. One which rewards crypto-native teams that can structure creatively and quickly, work across borders, and act in real time. That’s where we excel.
Eager to see treasuries continue to develop into a new category, of permanent capital focused on delivering token exposure and yield to a broad investor base. One avenue, many more to come.
It's my firm belief that if you're securing a significant amount of user's fund and have been funded appropriately to do so.
There is absolutely zero excuse to not use the best institutional grade custody even for the team/protocol multisig.
Just use the best institutional grade custody solutions like Fireblocks, Fordefi etc. They can be integrated into your multisig workflow as well.
Hardwallet wallet + SAFE multisig is not gonna cut it.
1/🎉 Fordefi Unlocks #DeFi For Institutions Transacting on Sui!
@SuiNetwork is the newest L1 blockchain to be supported on the @FordefiHQ platform! Fordefi users can now interact directly with Sui's entire DeFi ecosystem via Fordefi's browser extension or API, enjoying full transaction enrichment and policy engine support.✨