# Crypto is Ready for Onchain Options | Nick Forster, CEO of Derive

Page: https://stenobird.com/podcast/bankless-357756/crypto-is-ready-for-onchain-options-nick-forster-ceo-of-derive
Text version: https://stenobird.com/podcast/bankless-357756/crypto-is-ready-for-onchain-options-nick-forster-ceo-of-derive.md
Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756)
Published: 2026-09-14T10:30:00+00:00
Episode link: https://pscrb.fm/rss/p/episode.flightcast.com/01M2FJXD36WWSVB61P3AZ9T0X9.mp3
Audio file: https://pscrb.fm/rss/p/episode.flightcast.com/01M2FJXD36WWSVB61P3AZ9T0X9.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/crypto-is-ready-for-onchain-options-nick-forster-ceo-of-derive
Duration seconds: 2739

## Resource

Getting the direction of ETH right doesn’t guarantee you survive the trade. Derive co-founder Nick Forster joins David Hoffman to unpack why crypto’s options market has lagged behind perps, and why he believes that is changing. From the October 10 crash to a $300,000 Ethereum trade, they explore the different risks of leveraged bets, where options-based yield comes from, and why the deadline matters. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near2026 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS 0:00 Why Options Lagged 5:56 The October 10 Shift 9:03 Options vs. Perps 21:37 Market Size & Economics 27:26 Derive’s HYPE Strategy 30:01 Why Onchain Matters 33:09 Inside the Risk Engine 35:51 What V3 Changes 38:02 Options in Everyday Apps 41:53 Does Volume Lift Prices? 44:08 Following Derive --- RESOURCES Nick Forster https://x.com/nickforster Derive https://x.com/DeriveXYZ --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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## Transcript

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