Trading Resumes, Derive V3 Goes Live with No-Code Vault Creation

Odaily reports: Derive announced on X that Derive V3 is now live, the migration is complete, and trading has resumed. V3 assets are custodied on Ethereum, using ZK proofs to handle margin and settlement, and supporting sub-millisecond order matching. The new version enables no-code vault creation, offers ETH and BTC risk hedging to improve capital efficiency, and supports deposits and borrows of ETH, WBTC, HYPE, and USDC. Previously, the Derive community proposed migrating V2 positions to V3 and shutting down Derive Chain.