Investment
Features
FeesSafety
Academy
More
Pluang+

Derive proposes V3 upgrade to shift options trading to Ethereum with offchain matching and zkVM.

Protocol Fundamentals
01 Oct 2026
Tokenpost
View Source
Neutral
Derive proposes V3 upgrade to shift options trading to Ethereum with offchain matching and zkVM.

Derive has proposed upgrading its Derive Chain to V3, an options exchange that will settle trades on Ethereum and offer its trading infrastructure to other crypto apps. The V3 upgrade plans to handle order matching offchain using a zkVM, while Ethereum Layer 1 verifies proofs for trade settlement. User funds will remain secured in Ethereum contracts, and state data will be posted to Celestia. The proposal includes migrating existing V2 balances without requiring withdrawals, and winding down Derive Chain after migration. Markets will be organized into four risk groups, and new developer tools will enable easier vault deployment, borrowing, and margin controls. The upgrade aims to make Derive a shared API and settlement layer for other applications, pending a governance vote and migration schedule confirmation.

Derive's proposal for an Ethereum settlement upgrade to its V3 options exchange is the subject here, with Pluang's market snapshot providing context. As of Oct 02, 2026 01:41 WIB, among 50 major cryptocurrencies priced on Pluang, 29 rose and 20 fell. Notable movers include DOT at Rp21.303 with a 1-day change of -3.71% and a typical hold time of 121 days, COMP at Rp429.188 down 3.70% with a 97-day hold, and THETA at Rp3.955 down 3.63% with a 77-day hold.

More News

Analysts rate BlackRock stock 'Overweight' ahead of strong Q3 earnings forecast.

Analysts rate BlackRock stock 'Overweight' ahead of strong Q3 earnings forecast.

Wells Fargo initiated coverage on BlackRock with an 'Overweight' rating, highlighting it as a good entry point for investors. Analysts expect BlackRock's Q3 earnings per share to rise to $14.25 from $11.55 a year ago, with revenue projected at $7.56 ...

Analyst Insights
Bullish
1 hour ago
Nike misses revenue targets and issues weak outlook due to China market challenges, shares fall 5.8%.

Nike misses revenue targets and issues weak outlook due to China market challenges, shares fall 5.8%.

Nike reported earnings per share of $0.48, beating estimates, but revenue fell short at $11.21 billion due to weak demand in Greater China and rising competition. The company issued a cautious fiscal 2027 outlook with EPS forecast between $1.15 and $...

Company Fundamentals
Bearish
1 hour ago
NETSOL Technologies posts record Q4 revenue, forecasts strong growth for fiscal 2027.

NETSOL Technologies posts record Q4 revenue, forecasts strong growth for fiscal 2027.

NETSOL Technologies reported a record $20.7 million revenue in fiscal 2026 Q4, with net income rising 45.9% to $3.8 million. The company improved its gross margin to 63.6% and operating margin to 21.6%, reflecting enhanced profitability. For fiscal 2...

Company Fundamentals
Bullish
1 hour ago
Nexalin, Armada, Roze AI, Mattel, and Accenture lead market gains on key deals and earnings beats

Nexalin, Armada, Roze AI, Mattel, and Accenture lead market gains on key deals and earnings beats

On October 1, 2026, Nexalin Technology surged 76.4% after securing a 10-year exclusive deal for its medical device in South America. Armada Acquisition Corp. II jumped 42.9% following shareholder approval of its merger with Evernorth, expected to clo...

Market News
Bullish
1 hour ago
Jefferies sets $150 target for Nektar Therapeutics amid promising alopecia drug data despite stock drop.

Jefferies sets $150 target for Nektar Therapeutics amid promising alopecia drug data despite stock drop.

Jefferies analyst Roger Song set a $150 price target for Nektar Therapeutics, suggesting a 219% upside from its $46.99 trading price. This comes after Nektar presented positive six-month Phase IIb trial results for its alopecia drug REZPEG, which als...

Analyst Insights
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App