Derive is a decentralized protocol designed to create programmable on-chain financial instruments, including options, perpetuals, and structured products. It operates on Derive Chain, an Ethereum rollup developed using the OP stack, providing a permission-less smart contract platform for its functionalities. The governance of the Derive Protocol is managed by the Derive DAO, which is funded through trading fees and gas fees generated on the Derive Chain. The DRV token holders have a say in the decision-making processes of the DAO, which also contributes to an insurance fund aimed at enhancing the protocol's stability and reliability. Derive has introduced an AI-powered trading application tailored for professional traders. This innovative app, developed in partnership with Messari, translates market insights into actionable trades. The AI agent facilitates transaction preparation for users, enabling a seamless trading experience that is one-click, gasless, and chainless. This trading app supports a variety of trading options, including spot trading, perpetual contracts, and options trading. 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. Through its robust infrastructure and advanced trading capabilities, Derive aims to provide a comprehensive platform for traders looking to leverage the benefits of decentralized finance. The combination of innovative financial products and user-friendly technology positions Derive as a significant player in the evolving DeFi landscape.