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Derive.xyz
@DeriveXYZ
Derive (prev. Lyra) | The Leading Onchain Options Platform w/BTC, ETH & HYPE. Deep liquidity. Seamless onboarding. Lowest fees. Institutional-grade custody.
Joined February 2021
36 Following    107.2K Followers
One Derive trader put $2,753 into four Sep. 25 XRP calls across the $1.20 to $1.50 strikes. It is currently worth $43,590, a 1,483% return. Reminder: Options are capable of this because the payoff curve gets steeper as price moves in your direction. At its peak, this position was worth around $170,000.
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