Derive announced that V3 it has launched and completed the migration, and trading has resumed.
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on-chain options protocol Derive V3 launched, and trading has resumed
PANews October 8 reported that Derive posted on X, saying Derive V3 has launched, the migration is complete, and trading has resumed.V3 Assets are custodied on Ethereum, using ZK proof to process margin and settlement, and supporting sub-millisecond order matching. The new version supports no-code vault creation, provides ETH and BTC risk hedging to improve capital efficiency, and supports ETH、WBTC、HYPE and USDC lending and borrowing. Previously, the Derive community proposed migrating V2 positions to V3 and shutting down Derive Chain.
Derive's migration is complete, and trading has resumed.
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V3 Assets are custodied on Ethereum, and ZK proof is used to process margin and settlement.
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V3 Supports sub-millisecond order matching, no-code vault creation, and ETH and BTC risk hedging.
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V3 Supports ETH、WBTC、HYPE and USDC lending and borrowing.
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Previously, the Derive community proposed migrating V2 positions to V3 and shutting down Derive Chain.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Derive is an on-chain options protocol. Following this upgrade,V3 completed the migration and resumed trading, adding or supporting multiple trading, vault, risk hedging, and asset lending and borrowing functions.
Why it matters to readers
This indicates that Derive V3 has entered a tradable state and consolidated asset custody, margin settlement, and multiple-asset functionality into the new version.
Beginners can understand this as a protocol version migration: after positions from the old version are moved to V3 the platform resumes trading and provides more functionality.
Risks and unknowns
The materials do not provide V3 actual trading volume, lending and borrowing scale, vault usage, or liquidity data following the launch.
The materials do not explain whether V2 the position migration and shutdown of Derive Chain have been fully completed.
The materials do not provide ZK actual performance data for proof, order matching, or asset custody functions.
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on-chain options
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