Iris

Options, explained simply.

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A contract that gives you the right — not the obligation — to buy or sell an asset at a price fixed in advance, before a set date.

Whoever sells that right gets paid upfront: the premium. It's like insurance — you collect today to cover someone tomorrow.

A call is the right to buy (betting on the upside). A put is the right to sell (protecting against a drop). Two tools, one mechanic.

On most platforms: leverage, margin calls, liquidations. An option can end up costing you far more than you put in.

A single leg, fully collateralised. Zero margin, zero liquidation. The worst case is known and capped from the very start.

06★ flagship

Deposit USDC and earn a steady yield. Worst case: you buy the asset cheaper than it is today. Our flagship product.

Already hold an asset? Earn a bonus by agreeing to sell it a little higher. Think of it as rent on what you already own.

Bet on the upside. Your risk is capped at the premium you pay — never a cent more, whatever happens.

Deposit any token, from any chain. It lands as USDC on Derive, ready to work. You never touch the plumbing.

Your orders are matched on Derive's permissionless orderbook, then settled on-chain. Fully transparent and verifiable.

Ready to put your capital to work?

Single-leg, fully collateralised. No margin, no liquidations.