Logo of Derive V1Derive V1(DRV)

Total Value Locked$134,325

TVL by Chain

Ethereum$89,021

Arbitrum$26,411

OP Mainnet$18,893

Key Metrics

Cumulative Fees$1.8m
Cumulative Fees by chain

OP Mainnet$1.13m

Arbitrum$663,779

$52.31m

$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: StrategicInvestors: Framework Ventures, GSR

Protocol Information

The first complete decentralized options protocol built on Ethereum

WebsiteX/Twitter
Category:Options

Audits:

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 ($221,441)Hegic ($9.52m)SOFA.org ($1.05m)Siren ($471,324)Pods Finance ($389,360)Cega V1 ($308,155)TYMIO ($217,751)Thetanuts Finance ($215,258)Cega V2 ($110,080)Opium ($76,818)

Frequently Asked Questions

What is Derive V1's TVL?

Derive V1 currently has $134,325 in total value locked. TVL has decreased 0.1% over the past 30 days.

What chains does Derive V1 operate on?

Derive V1 operates on 3 chains: Ethereum, Arbitrum, and OP Mainnet. Ethereum holds the largest share at 66.3%.

How does Derive V1's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Derive V1 ranks #23 by TVL. The category holds $139.74m across 72 protocols, and Derive V1 accounts for 0.1% of that total. Other leading protocols include Premia V2, Hegic, SOFA.org, Siren, Pods Finance, Cega V1, TYMIO, Thetanuts Finance, Cega V2, and Opium.