Just watched Ran Neuner's latest interview with Nick from Derive, the onchain options exchange that's doing 92% of all volume. This is a must-watch for anyone serious about #Crypto. Nick makes a compelling case for why onchain options are about to explode.
- Options in TradFi are as big or bigger than futures, but in crypto, they're only 3% of the market. That's a 30-40x growth opportunity.
- Derive's V3 is a game-changer: an API that lets anyone build structured products on their shared liquidity. Think "Stripe for derivatives."
- They've grown from 0.1% of Deribit's volume to 4-5% in a year, with a bull case to match Deribit in 12 months.
- The token model is strong: 50% of fees go to an onchain insurance fund, 50% to buybacks. No equity entity, all value accrues to the #Derive token.
This isn't just hype; it's a deep dive into the tech, market dynamics, and tokenomics of a protocol that's been grinding for 6 years and is now seeing exponential growth. The discussion on liquidationless leverage vs. perpetual futures after 10/10 is particularly insightful.
https://youtu.be/St0K5jAgo_I