>"Derive feels too small" People clearly aren't thinking about Derive properly: it's more than an options exchange and it's ceiling for "relevance to global finance" is higher than almost anything else in crypto Here's how I see it: To start, options will continue to command more attention this cycle than anyone expected Why? Twofold. 1) There's no other way to get >20x leverage on alts. When the market gaps, Derive PnL cards will print like crazy 2) Options are the only way to social signal positions traders _actually_ believe in long-term. Crypto was built on deeply held, contrarian, long-term beliefs and perps are too fickle to support them (liquidations make them sub-optimal for expressing long-term beliefs) We just saw this with @koolkrypto223. Traders will flock, and the flywheel continues But all that attention is only the hook. Derive IS NOT just a crypto options exchange v3 will scale the number of markets massively. Options on commodities, equities, alts... only liquid, traded 24/7 on Derive And all of those long-dated expressions from earlier will open the door for perps on Derive... The market makers on the other side are forced to hedge, creating a source of price insensitive flow that will subsidize perps liquidity in a way that's only possible on Derive The ceiling from there isn't limited. We've been talking about programmable finance for years, but progress has been slow In the limit, with liquid options and futures markets on a single, programmable venue, traders can express and tokenize any view on any assets on any time horizon. This would be true programmable finance, the holy grail, that much of this industry has been building towards this whole time

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