Kgb retweeted
Options are this cycles Perpetuals in terms of growth
Understand this
Think about this
Prepare for this
So bullish onchain options I’m getting palpitations. I think they’re the biggest missing unlock in the onchain asset stack.
We’re building spot liquidity, borrow markets and distribution around the same assets. The constraint running through all three is who’s willing to warehouse the risk, at what price, and for how long.
LPs already carry inventory risk. Holders want yield. Traders want convexity. Options create a market between those needs: holders can sell upside, traders can buy exposure or protection, and dealers can hedge inventory.
That can change the economics of supporting an asset onchain. More risk capacity can support better execution; better execution makes larger positions and lending markets more viable; distribution can package those capabilities into products people actually want to hold.
Attracting deposits into an options yield product is only half the equation, though. That yield comes from traders paying for exposure or hedgers paying for protection. The market becomes sustainable when those buyers keep coming back because the product is useful. Get that right and options can support durable demand across the entire market around an asset.
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Wgmi
A new governance proposal to increase the allocation of protocol revenue to DRV buybacks to 50% is live on the Derive forum.
Community members can review the proposed increase and share their views.
Read the proposal and join the discussion: forums.derive.xyz/t/dip-incr…
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koolkrypto explains why $DRV deserves a higher multiple than $HYPE or $LIT
"I think that a lot of people are going to make the mistake of only looking at current revenue and over index on that as opposed as the actual growth potential"
“Perps have not actually grown that much as a sector in the last year or so. Hyperliquid volumes haven't actually gone up a ton in the last year. But, onchain options growth is ridiculously early and nascent in its growth curve. So, it's very possible for onchain options volume to 5x or 10x next year"
"There does deserve to be a much greater multiple placed on Derive where it’s growing into that TAM as opposed to Hyperliquid or Lighter”
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Kgb retweeted
its that time of the cycle where u should just remember that a retard in motion will go further than a genuis at rest
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The $DRV pump was just the beginning of a new meta
Give me 1 min and I will tell you why
Over the last few years we've dozens of perp dexs popping out and this naturally creates saturation and dilution
CT soon realizes that no big innovation comes from a new perp dex, besides the "opportunity" to farm it
That's when the meta slowly decelerates and dies
If you've been farming or using perps, you know that's the case already
So the early ones are pivoting to something new, or at least try to get new edges or throw some darts to what they believe is the next thing to run
We will have Hyperliquid, Lighter, Variational, Arcus, QFEX, Ondo perps, Nado etc...all doing pretty much the same thing
But on Options? This is just the start and we don't have the winners yet, or at least not all the winners
Cause @DeriveXYZ it's clearly one
If you want to see a more in depth take on why I do think Options will be big, read my article below
(works as a start for beginners too)
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Kgb retweeted
record day for derive yesterday:
- daily fees ath
- daily trades ath
daily notional volume ath
- daily unique traders ath
yeah, something is happening with options
derive just had its biggest week ever
$1.2b in notional volume and 10x growth ytd
finally the moment for crypto options?
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Both metrics can certainly 10x in 3 months.
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I have seen and experienced this throughout my journey, nothing is yours and everything is god’s gift to you that he can take back.
Quick advice, never celebrate in sin what you achieved through prayer. God bless yall 🫶
Going to be more humble this time around because God has a funny way of taking things away when you get cocky.
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