Derive raised $3 M in a Strategic round on 2022-11-29.

DRV
DRV
2.13%
According to media reports, Derive raised $3 M in a Strategic round on 2022-11-29.the investors in this funding round include Framework Ventures,GSR and others. Following this round, Derive's total funding reached $6 M.
Derive is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Derive Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Derive to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.

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DRV Fundraising History
RoundAmountValuationTimeInvestor(s)
Key Milestones
  • 2025-11-20
    Derive allows HYPE as collateral for options
  • 2025-09-14
    Derive Co-founders Propose 50% Increase in DRV Token Supply
  • 2024-12-20
    Derive raised $ 500 K in Community round
  • 2024-09-13
    Derive completed a new funding round
  • 2024-08-29
    Lyra rebranded to Derive
  • 2022-11-30
    Derive raised $ 3 M in strategic financing
  • 2021-07-26
    Derive raised $ 3.3 M in funding round
24-Hour High
$0.04728
24-Hour Volume
$58.01K
All-Time High
$0.9
All-Time Low
$0.01155
Market Cap / FDV
57.5%
FDV
$66.15M
24-Hour Low
$0.04265
Market Cap
$66.15M
Circulating Supply
862.54M DRV
Total Supply
1.50B DRV
Max Supply
1.50B DRV
Market Sentiment
Positive
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