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Derivatives

Derive V2

Trade leveraged or perpetual contracts on-chain.

Visit official site ↗ @derivexyz
Total value held · all chains
$128 Million
▲ +4.66% this week

31% on Hyperliquid L1 · also on 3 other chains

Chains

4

Live yield options

0

Best reward rate

—

Live since

2023

Where it runs

Available on 4 chains

  1. 01
    Hyperliquid L1 Hyperliquid L1

    $31.3Million

    value held

    →
  2. 02
    Arbitrum Arbitrum

    $30.1Million

    value held

    →
  3. 03
    Ethereum Ethereum

    $22.5Million

    value held

    →
  4. 04
    Base Base

    $16.8Million

    value held

    →

Earn here · live yield options

Yields available on Derive V2

Derive V2 doesn't currently expose live yield options we track. Visit the official site to see what they offer right now.

How it works

Using Derive V2 in three steps

  1. 1

    Pick the trade

    Choose an asset and a direction — long if you think it goes up, short if you think it goes down.

  2. 2

    Open with margin

    Post a small amount as margin to control a larger position. Leverage amplifies both gains and losses.

  3. 3

    Close when ready

    Settle the trade in cash. If the asset moved your way, you profit; if it didn't, you cover the loss with your margin.

Read up

About Derive V2

Trade options, perps and spot on the most powerful self-custodial exchange.

Description provided by the protocol team. Always verify directly before depositing funds.

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Hyperliquid HLP

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→ EX

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$157Million · value held

→

Frequently asked

What people ask about Derive V2

What is Derive V2?

+

Derive V2 is an on-chain app. Trade leveraged or perpetual contracts on-chain.

Is using Derive V2 safe?

+

Derive V2 has 0 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

+

Right now yields on Derive V2 run varies by option per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

+

Derive V2 runs on 4 chains, including Hyperliquid L1, Arbitrum, Ethereum, Base. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.

See also

Terms used on this page

See every term →