DRV Price Chart

Derive Market Information

$ 0.2282

0.00%

174

25,157,167.99

$ 142,158,321.72

999,706,903.85

Information

Issue Date

Initial Offering Price--

Max Supply

1,500,000,000.00

Circulating Supply999,706,903.85

Listed Exchanges4

Incentive Mechanism

Encryption Algorithm--

Derive Price History

Over the past year, the Derive price has decreased by 0.00%. During this period, the highest price of Derive against USD was -- and the lowest price of Derive against USD was --.

Time	Change	High	Low
24H	0.00%	--	--
7D	0.00%	--	--
30D	0.00%	--	--
All	0.00%	--	--

About Derive

Derive is an options automated market maker (AMM) that allows traders to buy and sell cryptocurrency options based on liquidity pools. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of Derive's market maker vaults (MMVs) for a specific asset. This liquidity is used to create a two-way (buy and sell) options market for the asset designated by the vault (e.g., ETH market maker vault LPs quote options on ETH). LPs deposit liquidity into the vault to earn fees paid when trading options. Traders use Derive to trade options. They can either buy options from the MMV or sell options to the MMV. Traders pay fees (in the form of market maker spreads) to LPs as compensation for their liquidity.

Derive News