Derive is a decentralized protocol designed to create programmable on-chain options, perpetuals, and structured products. It operates on Derive Chain, an Ethereum rollup built using the OP stack, serving as the foundation for the Derive Protocol. This platform is characterized by its permission-less nature, allowing users to interact with smart contracts freely. Governance of the Derive Protocol is managed by the Derive DAO, which earns trading fees and gas fees from the Derive Chain. DRV token holders have a say in the governance process, and the trading fees collected contribute to an insurance fund aimed at enhancing the protocol's security and stability. Derive also features an AI-powered trading application tailored for professional traders. In partnership with Messari, this application interprets market insights and translates them into actionable trades. The AI agent prepares transactions, enabling users to execute trades effortlessly with a one-click, gasless, and chainless experience. The app supports various trading options, including spot, perpetuals, and options trading on the Derive Protocol. Additionally, it integrates with spot automated market makers (AMMs) on Layer 2 solutions such as Optimism, Arbitrum, and Base, expanding its usability and reach within the DeFi ecosystem. Overall, Derive stands out as a versatile and robust platform, combining advanced trading capabilities with a decentralized governance model, making it an appealing choice for traders and investors in the blockchain space.