josh_pwrk's profile picture. head of eng @derivexyz, ex-apple iPhone & VisionPro

josh.pwrk

@josh_pwrk

head of eng @derivexyz, ex-apple iPhone & VisionPro

josh.pwrk 님이 재게시함

Well said

In today's 996 chest-thumping culture, don't forget about the quiet ones keeping your company together..

nikunj's tweet image. In today's 996 chest-thumping culture, don't forget about the quiet ones keeping your company together..
nikunj's tweet image. In today's 996 chest-thumping culture, don't forget about the quiet ones keeping your company together..


josh.pwrk 님이 재게시함

OI jumped again $235M in the last 24h (single-sided) Next stop: $1B 🔥

DeriveXYZ's tweet image. OI jumped again

$235M in the last 24h (single-sided)

Next stop: $1B 🔥

josh.pwrk 님이 재게시함

Reminder: coinbase bought deribit for billions Derive is the hyperliquid of options Note: dcf cap holds drv

The highest-volume day of the year on Derive XYZ - pure organic volume, no points schemes. ~$220M single-sided OI across BTC & ETH options + perps. The Dark Horse of Defi is just getting started. 🐴🔥

DeriveXYZ's tweet image. The highest-volume day of the year on Derive XYZ - pure organic volume, no points schemes.

~$220M single-sided OI across BTC & ETH options + perps.

The Dark Horse of Defi is just getting started. 🐴🔥


josh.pwrk 님이 재게시함

Look at these amazing spreads:

DeriveXYZ's tweet image. Look at these amazing spreads:

Direct impact on our UX is that users and market makers will soon be able to fit 256 options in a single portfolio (currently 128) - 100% margined onchain. Seems like microjuice, but seriously reduces onboarding friction for MMs that are used to unlimited CEX position limits.

Shoutout to @conduitxyz for lifting our gas limit to 200m. We're gearing up for tighter spreads and cleaner execution as more retail traders and institutions onboard. 3 commas club next 😎

DeriveXYZ's tweet image. Shoutout to @conduitxyz for lifting our gas limit to 200m. We're gearing up for tighter spreads and cleaner execution as more retail traders and institutions onboard.

3 commas club next 😎


josh.pwrk 님이 재게시함

ETH Strategy today announces a strategic partnership with Derive to launch our Perpetual Note Vault. This new product targets USD-denominated yield using STRAT convertible notes on Ethereum as the base and options on Derive Chain for execution. blog.ethstrat.xyz/derive-vault


Grinding it out with @muir_eth @TelonicID. Roundtrip cancels / post-only orders already at 200-500 micros in mainnet. Next stop, p99 <1ms on all orders.

A human blink takes 100 – 400ms. Derive’s orders post in 1ms. Blink and you’ll miss it. Literally.



Rolling this out in prod very soon. We’ve got 2-3 other big near term 10x improvements brewing meanwhile.

Rust-tuned Derive CLOB is blistering: - <1 millisecond order placement - 200 microsecond cancels A very underrated part of our stack Liquidity and integrations next



Excited for our power option traders to try this. We built a modular base layer in the protocol that allows for “periodic upgrades”. New risk managers used to require 6-9mo and massive migrations. This one we design->audit->deployed in 2-3mo. Users get 2-3x capital efficiency.

Introducing Derive Pro, the most customizable trading interface. Shape your strategy with modular tools, enjoy 2-3x better capital efficiency, and experience lightning-fast execution that rivals top CEXs. Customization. Capital Efficiency. Speed.



This + options great as insurance too. Can buy ultra cheap puts 1wk-1mo out if you think this 40% run needs a bit of a breather @derivexyz

not posting because of pnl but just to show how powerful 0dte options can be for short opinions $17k profit for $500 paid in premiums with no liquidation risk this was yesterday

litocoen's tweet image. not posting because of pnl but just to show how powerful 0dte options can be for short opinions

$17k profit for $500 paid in premiums with no liquidation risk

this was yesterday


git push -u origin derive-trading-system-rearch

Lo-Fi MAGA Video to Relax/Study To 🇺🇸 Have a great weekend!



40x non liquidatable leverage on @derivexyz 🫡

Adding more. For now achieved exposure for 500 ETH at average price of $48 per contract.

derteil00's tweet image. Adding more.

For now achieved exposure for 500 ETH at average price of $48 per contract.


One benefit of defi is that the chain / node gives you a free / rate limit-less API for your agent. Excited to see @GrixFinance build this out.

@GrixFinance ‘s MCP is evolving! injected multiple DeFi protocols’ data into an LLM and got a $BTC April 2025 $88K Call on @derivexyz at $2,637. Real-time options, perps, trading indicator. Thats how years of experience, hours of digging, done in seconds. AI rewriting trading 🤯



Lots of demand for USDC as we’re one of the few protocols that allow multi collaterals for perps and options but settle in USDC

Almost 14% for doing nothing right now. Expect more yield like this at derive.xyz/earn

DeriveXYZ's tweet image. Almost 14% for doing nothing right now.

Expect more yield like this at derive.xyz/earn


Still a long ways away from target, but @derivexyz by far the most organic / liquid options market onchain

josh_pwrk's tweet image. Still a long ways away from target, but  @derivexyz by far the most organic / liquid options market onchain

Plug-and-play algo trading on Derive!

🚀 Hummingbot v2.4 is here with new @solana DEX support for @RaydiumProtocol + @MeteoraAG ✨ + new connector to @derivexyz + many bug 🐛 fixes!

_hummingbot's tweet image. 🚀 Hummingbot v2.4 is here with new @solana  DEX support for @RaydiumProtocol + @MeteoraAG ✨ + new connector to @derivexyz + many bug 🐛 fixes!


So cool - that’s what defi is all about, equal access to top notch markets / instruments.

이 트윗은 더 이상 사용할 수 없습니다.

josh.pwrk 님이 재게시함

.@derivexyz app chain top 3 in mgas/s

KAndrewHuang's tweet image. .@derivexyz app chain top 3 in mgas/s

Not easy to find crypto teams that you can 100% rely on. Conduit is one of those rare ones.

Since January 2024, Derive has grown from $107M to $3.7B in monthly trade volume And it’s doing it on a Conduit rollup, built with @Optimism OP Stack & @celestia underneath Here’s how we helped @derivexyz launch a chain for its DEX, supercharge throughput, and cut DA costs 95%



🔥 🔥 🔥

Starting now, the Derive DAO will begin buying back $DRV on the open market. The buyback will begin with $205,990, equivalent to 25% of the fees generated in January so far. As per the DRV Launch proposal, this buyback will continue indefinitely.

DeriveXYZ's tweet image. Starting now, the Derive DAO will begin buying back $DRV on the open market.

The buyback will begin with $205,990, equivalent to 25% of the fees generated in January so far.

As per the DRV Launch proposal, this buyback will continue indefinitely.


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