January 10, 2025
Derive, the platform formerly known as Lyra, has secured a strategic investment from Maelstrom Fund, alongside notable participation from Arthur Hayes, the pioneering figure behind BitMEX. Hayes, who is recognized for his foundational work in crypto derivatives, continues to advise projects in the blockchain space and now lends his expertise to Derive. The collaboration is expected to strengthen Derive's position within the rapidly growing decentralized finance (DeFi) and trading sectors.
Derive has evolved into a platform designed to offer advanced crypto derivatives solutions. The company is focused on providing users with innovative tools for trading, particularly in the derivatives space, where Hayes made his mark with BitMEX. Through the strategic investment and Hayes’ involvement, Derive is positioning itself to lead in crypto derivatives, offering its users sophisticated financial products.
With the backing of Maelstrom Fund and Hayes' advisory, Derive aims to expand its market share and develop its platform further to meet the increasing demand for decentralized financial products. This strategic move comes as Derive seeks to integrate its products into the broader DeFi ecosystem while continuing to deliver value to its growing user base.
About Derive
Derive is a crypto derivatives platform that provides users with advanced trading tools for a wide range of crypto assets. The platform offers financial solutions aimed at empowering traders and investors in the rapidly evolving blockchain ecosystem.
Website: https://www.derive.xyz/
X: @derivexyz
About Investor
Maelstrom Fund
Maelstrom Fund is a venture capital firm that invests in high-potential projects within blockchain and decentralized finance, aiming to drive growth and innovation in the crypto space.
Location: Hong Kong
Website: https://maelstrom.fund/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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