Derive completes migration to V3 architecture with liquidity rebuilding and partial withdrawals resuming within a week.
Tech & Launches ·
Derive has completed its migration to V3 architecture and is now operating on the new system. Market makers and traders are reconnecting to the protocol as liquidity rebuilds, with partial asset withdrawals expected to resume within a week.
The migration represents a shift to a new technical infrastructure. The protocol is working to restore liquidity conditions and restore user access to withdrawals across its asset offerings during this transition period.
Further technical details about the V3 architecture, including its design and implications for users and developers, are set to be disclosed in coming days. The timeline and scope of full withdrawal availability across all assets remain to be clarified.