PANews October 8 news: Derive posted on the X platform saying that Derive V3 has been launched, the migration is complete, and trading has been restored. V3 assets are custody on Ethereum, using ZK proofs to process margin and settlement, and supports sub-millisecond order matching. The new version supports no-code creation of vaults, provides ETH and BTC risk hedging to improve capital efficiency, and supports lending and borrowing of ETH, WBTC, HYPE, and USDC. Previously, the Derive community proposed migrating V2 positions to V3 and shutting down the Derive Chain.