$DRV live on Binance Alpha 2.01 day ago

Derive is a self-custodial onchain exchange for options, perpetuals and spot. Traders keep wallet custody while using order-book execution, with portfolio margin so offsetting positions reduce required collateral. Trading settles on Ethereum. Started as Lyra Finance in 2021, it rebranded in 2024 and launched DRV in January 2025. Staked DRV governs the protocol and benefits from fee-funded buybacks.