Derive and LI.FI Expand Cross-Chain Funding for Onchain Options Traders
Derive, an onchain options platform, and LI.FI, the universal liquidity layer trusted by more than 1,000 enterprises, are working together to make it easier for traders to fund Derive accounts with supported assets from any chain.
A trader can find an options position they want and hold the capital to take it, yet still face several steps before placing an order. If the funds sit on a different chain from the trading account, the trader has to work out which swaps and transfers will turn them into supported collateral. Each step adds friction, and some traders stop before they trade.
Derive and LI.FI are addressing this problem of liquidity fragmentation by enabling traders to fund their account with assets from any chain.
Funding Derive Accounts From Any Chain
Capital that sits outside Ethereum is hard to put to work in an options market when the trading account is on Derive. LI.FI's trading infrastructure for onchain apps gives developers access to bridges and exchanges through a single integration. Derive is using that integration so a trader can fund an account with a supported asset held on another network.
For Derive, it allows traders to access capital from different chains and at the same time, makes it possible for more traders to use their platform.
About Derive
Derive offers onchain options markets. With V3, Derive moved custody to Ethereum and expanded the infrastructure developers can use to build trading applications and strategy vaults. Its longer-term ambitions include options on real-world assets.
Learn more: Website · Docs · X
About LI.FI
LI.FI is the universal liquidity layer trusted by more than 1,000 enterprises to unlock unified market access to digital assets. LI.FI reduces the complexity of building digital asset products by orchestrating liquidity across permissioned and permissionless venues, powering stablecoin and RWA flows across more than 60 chains through a single integration.
Build with LI.FI: check out the docs or get in touch with the team.
Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
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Disclaimer:
This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.