Logo of Derive V1Derive V1(DRV)
Total Value Locked$394,261

TVL by Chain

OP Mainnet$278,098

Ethereum$89,230

Arbitrum$26,934

Key Metrics

Fees (Annualized)$926,804
Cumulative Fees$1.8m

OP Mainnet$1.13m

Arbitrum$663,779

Cumulative Options Premium Volume$52.31m

Cumulative Options Notional Volume$1.741b

Staked$0

Total Raised$6.3m

Jul 26, 2021$3.3mRound: SeedInvestors: AllianceDAO, Anthony Sassano, Anton Bukov, Apollo Capital, Divergence Ventures, Framework Ventures, Jinglan Wang, Jordan Momtazi, Kain Warwick, Orthogonal Trading, ParaFi Capital, Robot Ventures, Ryan Sean Adams, Stani Kulechov, Tyler Scott Ward

Nov 30, 2022$3mRound: Strategic Investors: Framework Ventures, GSR

Protocol Information

The first complete decentralized options protocol built on Ethereum

CategoryOptions

Audits:

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Methodology

TVL: TVL counts the option market locked synth value, along with USDC in safety module.View code on GitHubFees: Fees paid by usersView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHub

Competitors

Premia V2 ($187,959)Hegic ($8.3m)SOFA.org ($675,584)GammaSwap Open Interest ($444,398)Pods Finance ($387,981)Deri V4 ($5.66m)Panoptic V2 ($1.13m)Ribbon Earn ($761,819)Opyn Gamma ($744,701)Premia V3 ($422,214)