josh.pwrk
@josh_pwrk
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head of eng @derivexyz, ex-apple iPhone & VisionPro
Joined March 2022
Direct impact on our UX is that users and market makers will soon be able to fit 256 options in a single portfolio (currently 128) - 100% margined onchain. Seems like microjuice, but seriously reduces onboarding friction for MMs that are used to unlimited CEX position limits.
Shoutout to @conduitxyz for lifting our gas limit to 200m. We're gearing up for tighter spreads and cleaner execution as more retail traders and institutions onboard. 3 commas club next š
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RT @eth_strategy: ETH Strategy today announces a strategic partnership with Derive to launch our Perpetual Note Vault. This new product tarā¦.
blog.ethstrat.xyz
ETH Strategy today announced a strategic partnership with Derive to launch its Perpetual Note Vault. This new product provides USD-denominated yield using STRAT convertible notes on Ethereum as the...
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Generate videos in just a few seconds. Try Grok Imagine, free for a limited time.
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Grinding it out with @muir_eth @TelonicID. Roundtrip cancels / post-only orders already at 200-500 micros in mainnet. Next stop, p99 <1ms on all orders.
A human blink takes 100 ā 400ms. Deriveās orders post in 1ms. Blink and youāll miss it. Literally.
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Rolling this out in prod very soon. Weāve got 2-3 other big near term 10x improvements brewing meanwhile.
Rust-tuned Derive CLOB is blistering: . - <1 millisecond order placement.- 200 microsecond cancels. A very underrated part of our stack . Liquidity and integrations next.
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Excited for our power option traders to try this. We built a modular base layer in the protocol that allows for āperiodic upgradesā. New risk managers used to require 6-9mo and massive migrations. This one we design->audit->deployed in 2-3mo. Users get 2-3x capital efficiency.
Introducing Derive Pro, the most customizable trading interface. Shape your strategy with modular tools, enjoy 2-3x better capital efficiency, and experience lightning-fast execution that rivals top CEXs. Customization. Capital Efficiency. Speed.
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This + options great as insurance too. Can buy ultra cheap puts 1wk-1mo out if you think this 40% run needs a bit of a breather . @derivexyz.
not posting because of pnl but just to show how powerful 0dte options can be for short opinions. $17k profit for $500 paid in premiums with no liquidation risk. this was yesterday
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git push -u origin derive-trading-system-rearch.
Lo-Fi MAGA Video to Relax/Study To šŗšø. Have a great weekend!
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40x non liquidatable leverage on @derivexyz . š«”.
Adding more. For now achieved exposure for 500 ETH at average price of $48 per contract.
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One benefit of defi is that the chain / node gives you a free / rate limit-less API for your agent. Excited to see @GrixFinance build this out.
@GrixFinance ās MCP is evolving!.injected multiple DeFi protocolsā data into an LLM and got a $BTC April 2025 $88K Call on @derivexyz at $2,637. Real-time options, perps, trading indicator. Thats how years of experience, hours of digging, done in seconds. AI rewriting trading š¤Æ
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Lots of demand for USDC as weāre one of the few protocols that allow multi collaterals for perps and options but settle in USDC.
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Still a long ways away from target, but @derivexyz by far the most organic / liquid options market onchain
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Plug-and-play algo trading on Derive!.
š Hummingbot v2.4 is here with new @solana DEX support for @RaydiumProtocol + @MeteoraAG āØ + new connector to @derivexyz + many bug š fixes!
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So cool - thatās what defi is all about, equal access to top notch markets / instruments.
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Not easy to find crypto teams that you can 100% rely on. Conduit is one of those rare ones.
Since January 2024, Derive has grown from $107M to $3.7B in monthly trade volume. And itās doing it on a Conduit rollup, built with @Optimism OP Stack & @celestia underneath. Hereās how we helped @derivexyz launch a chain for its DEX, supercharge throughput, and cut DA costs 95%
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š„ š„ š„.
Starting now, the Derive DAO will begin buying back $DRV on the open market. The buyback will begin with $205,990, equivalent to 25% of the fees generated in January so far. As per the DRV Launch proposal, this buyback will continue indefinitely.
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0-days, all the way to 12-months all secured on-chain.
I asked these mofos if they are ready to give the degens what they want? They said fuck yes 0-day-options. Itās going to be fucking lit.
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All CME + NASDAQ option settlements need around 10G gas / sec, which is only ~100x from current node performance. Can get there even faster with a couple simple application-based optimizations. Thatās why @derivexyz is built on a @conduitxyz rollup. Riding the right tech waves.
we are going to scale @base another 100x with reth. our core protocol team just wrote a deep dive into our progress thus far, the collaboration with @gakonst & team, and where we are heading in 2025 ā worth a read below!
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