Amberdata Announces Partnership with Derive (Formerly Lyra), a Leading DeFi Options and Derivatives Exchange

Amberdata is thrilled to announce a new partnership with Derive (formerly Lyra), a leading decentralized finance (DeFi) options and derivatives exchange. This exciting collaboration combines Amberdata’s leading blockchain and crypto asset data with Derive’s pioneering DeFi platform.

As the DeFi derivatives market continues to expand, this partnership enhances the trading experience for Derive’s users by providing real-time, high-quality data insights powered by Amberdata. 

Through this partnership, Derive will integrate Amberdata’s advanced charts and analytics directly into its platform. Under the new Amberdata tab on Derive’s exchange, users will gain exclusive access to a wide range of market insights such as volatility curves, open interest, term structure, and option yields. This new feature enables Derive users to stay ahead of market movements and capitalize on trading opportunities.

Greg Magadini, Director of Derivatives at Amberdata commented: "Partnering with Derive presents an exciting opportunity for Amberdata to deliver valuable tools and insights for traders. Crypto options represent a highly lucrative asset class, and the ability to trade them reliably on-chain through Derive, enhanced by Amberdata's data edge, provides traders with everything they need to succeed."

Nick Forster, Co-Founder of Derive, also shared his enthusiasm for the partnership: “Derive and Amberdata are a great fit for pushing the boundaries in options innovation. As the industry leader in the crypto derivatives space, Derive is excited about the opportunities this collaboration unlocks, paving the way for innovation and growth in the market. With Amberdata’s comprehensive and robust feeds, traders will be assured of precise and responsive prices, ensuring a top-tier trading experience. This partnership will create new products and markets to grow the pie for crypto volatility trading.”

Together, Derive and Amberdata are finding a unique edge in the nascent and rapidly growing DeFi options markets, offering robust tools for traders, institutions, and integrators alike.

Amberdata also offers Derive and other options data from our Derivatives Analytics application. To learn more, please contact sales@amberdata.com or schedule a demo here.