Episode Details

Nick Forster, CEO of Derive joins us to talk about his journey from trading equity options at SIG to building the leading decentralized options platform. Nick talks the shift from AMMs to app chains and why institutional liquidity is moving on-chain. Nick explains Derive's strategy of 'exporting' complex derivatives to 7+ chains and why on-chain transparency is the only fix for centralized OTC risks. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Captured 90% of on-chain options market share. * Traditional AMMs yielded 5-10% annually initially. * RFQ for institutional liquidity. Timestamps: 00:00 Start 00:19 Nick's background 01:20 History of Options 04:15 The journey toward an L2 App-chain 07:11 The "aggregation of liquidity" thesis 09:40 OTC desks & competitors 13:47 Roadblocks to institutional involvement 16:11 Hyperliquid integration 17:09 HLP 22:09 Perps 27:17 Tap trading vs dice rolls 30:52 Value capture 34:38 EFT options 36:05 Why have perps on Derive? 38:36 Current decentralized trading tech vs tradfi 43:14 Regulations 46:16 RWAs 48:30 Bridging to other chains 50:41 Derive token 52:24 Token holders

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