The on chain option protocol Derive V3 has been officially launched, and trading has resumed

Derive V3 has been launched and completed migration, with trading functionality restored. This version of the asset is hosted on Ethereum, using ZK proof to handle margin and settlement, and supporting sub millisecond order matching. The new version supports creating vaults without code, provides ETH and BTC risk hedging, and supports ETH, WBTC, HYPE, and USDC deposit and lending. The Derive community has proposed to migrate the V2 warehouse to V3 and close the Derive Chain.