Derive vs Prism DEX

Derive V3 Options is the options market of Derive V3, the latest version of the self-custodial derivatives exchange formerly known as Lyra. V3 runs on a zkVM exchange that settles trades on Ethereum: orders are matched on a central limit order book while positions, margin and settlement stay verifiable on-chain. Traders can buy and sell European options on major crypto assets with portfolio margin shared across options, perpetuals and spot, and market makers quote directly into the book.

Prism is a high-speed decentralized exchange built on MegaETH, designed to provide light-speed swaps, liquidity provision and on-chain trading tools. The protocol leverages Uniswap V3 infrastructure, using contracts such as UniversalRouter, SwapRouter02 and QuoterV2 for routing, quoting and execution. Prism offers curated HTTP endpoints for pool discovery and swap path selection, while quotes are performed directly via RPC reads. Swaps are routed through UniversalRouter by default, optionally through a SelectiveTaxRouter for taxable tokens, with Li.FI used as a fallback for cross-chain or unavailable local routes. The platform also supports concentrated liquidity positions through NonfungiblePositionManager, enabling advanced LP strategies.