Derive is a decentralized protocol that enables the creation of programmable on-chain options, perpetuals, and structured financial products. Operated on Derive Chain, an Ethereum rollup utilizing the OP stack, Derive serves as a permissionless smart contract platform designed to facilitate various trading functionalities. The Derive DAO, which is governed by DRV token holders, generates revenue through trading fees from the Derive Protocol and gas fees from the Derive Chain. These trading fees contribute to an insurance fund, enhancing the protocol's resilience and the overall integrity of the rollup. For professional traders, Derive offers an AI-powered trading application that translates market insights into actionable trades. In partnership with Messari, the Derive Pro app simplifies the trading process by preparing transactions for users, allowing for a seamless experience that is gasless and chainless. This innovative app supports trading across different asset classes, including spot, perpetuals, and options, on the Derive platform. Additionally, it integrates with automated market makers (AMMs) on Layer 2 solutions such as Optimism, Arbitrum, and Base, broadening its trading capabilities and accessibility. Overall, Derive aims to provide a comprehensive and efficient trading environment, leveraging advanced technology to empower users in the decentralized finance space.