TVL
$112.71M
Volume 24h
N/A
Open Interest
$72.96M
Daily Fees
$1.8K
New Users
N/A
Total Users
N/A
Derive (formerly Lyra Finance) is a decentralized options and perpetuals protocol on its own OP Stack Ethereum rollup (Derive Chain), enabling programmable structured financial products, options, and perps under a unified margin account. The protocol was rebranded from Lyra to Derive in early 2025 with the DRV token launch.
Derive V2 currently has $112.71M in Total Value Locked (TVL).
Derive V2 has $72.96M in open interest across its perpetual futures markets.
Derive V2 charges a maker fee of 0.005% and a taker fee of 0.03%. Maximum leverage is 15x.
Derive V2 is built on Multi-Chain. It currently supports 12 trading pairs.