Derive is a decentralized protocol designed to create programmable on-chain options, perpetuals, and structured financial products. Built on Derive L2, an Ethereum rollup on the OP Stack and governed by a DAO, it features modular architecture for flexible upgrades. The protocol uses subaccounts, assets, and managers to ensure efficient trade execution, risk management, and liquidity optimization. With support for perpetual futures, European options, and wrapped ERC20 assets, Derive empowers users to engage in decentralized trading and lending markets while enhancing capital efficiency and security.
