Derive Integrates FXRP, Enabling On-Chain Options and Perpetuals for XRP Holders

Flare's FXRP now serves as collateral on Derive, allowing XRP holders to trade options and perps via self-custody. Derive leads in 30-day volume with $118M TVL.

Woofun AI reports that Layer1 project Flare has integrated FXRP as collateral for Derive, enabling XRP holders to execute on-chain options and perpetual contracts through self-custody wallets. Users can manage hedges, premium payments, and directional positions using Portfolio Margin V2. Derive's XRP options are cash-settled in USDC, with price differences resolved in USDC upon reaching intrinsic value while FXRP remains locked as collateral.

Derive currently ranks first in 30-day nominal trading volume among on-chain options platforms tracked by DefiLlama, maintaining a total value locked of approximately $118 million. Since its launch on the FXRP mainnet, the initial 5 million token limit was exhausted within four hours, and over 155 million tokens have been minted over the past seven months.