US midterms today. Here's how Derive traders are positioned into tomorrow's expiry: - BTC: 2.5x more calls than puts, focused on $78K - ETH: 3.0x more calls than puts, focused on $2,350 - HYPE: 4.2x more calls than puts, focused on $90 Calls are leading across the board. https://t.co/tAioLHGhlP

October at Derive: ➤ V3 Live. Launched with Ethereum custody, ZK proofs, sub-millisecond matching and no-code vaults. ➤ Governance. Submitted a CFTC comment letter on conflicts and affiliations. Proposed expansion into US-regulated derivatives markets through governance. ➤ Volume. $3.47B month to date, including $2.94B in options and ~$4B open interest. ➤ Trading. Added RFQ Price Protection, PUMP and VVV markets as well as LIT as collateral. ➤ HYPE. Integrating Elysium by @Kinetiq_xyz. Launched Road to Expiry with Kinetiq, a HYPE options contest with a ~$40k prize pool. Lowered margin and more borrowing power against HYPE and kHYPE.

HYPE options are heating up on Derive 🔥 24h notional: $342M $HYPE: $102M (30%) • HYPE volatility: 59.3% → 67.9%, up about 9 points • 13 Nov HYPE OI up 4.4x since Road to Expiry launched • More $kHYPE on Derive than HYPE https://t.co/05zi3thrJp

Road to Expiry, 4 days in: - $23.6M notional traded on the 13 Nov $HYPE expiry - 734 trades from 81 traders - ~$900K in premium Current top 3 by realized ROI: 1. 0xeA36…59aF: +458% 2. 0xeBF9…dDF8: +451% 3. 0x441e…B5A2: +347% https://t.co/p9U8amiYdq

LIT is now live as collateral on Derive 🕯️ Deposit LIT and put it to work without selling it: • Margin LIT options and LIT-PERP • Sell covered calls against your LIT • Use it as cross-margin for BTC, ETH, HYPE and alts Keep your exposure to @Lighter_xyz while making your holdings productive.

V3 is running smoothly, and our team keeps shipping improvements. Here are three updates traders can expect this week: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • More capital-efficient collateral. You can borrow more against $HYPE and $kHYPE in eligible accounts. • More collateral types. We'll add $LIT as collateral to back supported altcoin markets.

FOMC is 11 hours out, and BTC options are calm. Vol is fairly priced, and puts are no longer rich, so protection costs about normal. The market expects a move of about ±2%, roughly $79k–$82k by tomorrow. For a move that small, spreads may be better value than buying options outright. Chart by @derivativemonky

We're working with @lifiprotocol to make it easier to fund your Derive account across chains. You find an options trade you want to put on. Your funds are on another network. Before you can trade, you're working out what to swap and how to bridge. That's why we've integrated. We want users to spend less time arranging transfers before they can trade, and we want builders to have a simpler path for bringing new users onto their applications.

Derive October, so far 📈 🔸 $3.47B total volume 🔥 $2.94B in options, our 2nd-best month ever 🐋 Largest trade: a $301M notional BTC call block 📊 ~$4B open interest 🏆 ~90% market share in onchain options 🛠️ 25 new builders joined More soon 👀

Big LIT options flow on Derive 🕯️ A trader sold $330k notional of LIT calls expiring 25 December, collecting $31k in premium upfront. TL;DR: they’re selling upside roughly ~36% above spot into year-end. https://t.co/3OiuXIhgim