> ## Documentation Index
> Fetch the complete documentation index at: https://docs.derive.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# public/get_risk_universes

> Returns every risk universe (the isolated risk-containment boundaries trades never cross), each with its display name and description, its managers — at most one Standard (`SM`) and one Portfolio (`PM2`), each listing the derivative instruments it risk-prices and the collateral assets it accepts with their margin discounts and deposit metadata — and its Security Module. The one call that answers which universe and manager to choose: pick a universe, pick a manager in it, and pass its `manager_id` when depositing to a new subaccount (the accepted collateral entries carry the `asset` address for the deposit). The no-margin fallback universe (id 0) is included; it custodies dead-lettered deposits and lists no tradeable instruments. Public endpoint, no authentication required.



## OpenAPI

````yaml /openapi.json post /public/get_risk_universes
openapi: 3.1.0
info:
  title: Derive v3 API
  version: 0.2.0
  description: JSON-RPC 2.0 methods, served over WebSocket and HTTP POST.
servers:
  - url: https://api.derive.xyz/v3
    description: Production (HTTP POST base)
  - url: https://testnet.api.derive.xyz/v3
    description: Testnet (HTTP POST base)
security: []
tags:
  - name: Subaccounts
    description: >-
      List, inspect, and label subaccounts, portfolios, positions, and
      collateral.
  - name: Session Keys
    description: Register, edit, and list delegated signing keys.
  - name: Account
    description: Wallet-level account information and settings.
  - name: Orderbook
    description: Place, replace, cancel, and query orders, trigger orders, and algos.
  - name: RFQ
    description: 'Request-for-quote: send RFQs, quote, and execute block trades.'
  - name: Vault Shareholders
    description: >-
      Deposit into and withdraw from vaults, and track shares, requests, and
      performance.
  - name: Vault Curators
    description: >-
      Create and operate curated vaults: settle deposit and withdrawal requests,
      and manage vault metadata.
  - name: History
    description: >-
      Per-account historical records: orders, trades, transfers, and
      settlements.
  - name: Market Maker Protection
    description: Configure, read, and reset market-maker protection.
  - name: Transfers & Withdrawals
    description: Move collateral between subaccounts, to other wallets, and on-chain.
  - name: Onchain Actions
    description: >-
      L1 onchain actions submitted via OnchainActionManager: register deposit
      addresses, list pending deposits, and inspect onchain action history.
  - name: System
    description: Rate limits and transaction lookups.
  - name: Market Data
    description: Instruments, currencies, tickers, and market-wide feeds.
  - name: Referrals
    description: Referral codes and program performance.
  - name: Other
    description: Uncategorized.
paths:
  /public/get_risk_universes:
    post:
      tags:
        - Market Data
      summary: public/get_risk_universes
      description: >-
        Returns every risk universe (the isolated risk-containment boundaries
        trades never cross), each with its display name and description, its
        managers — at most one Standard (`SM`) and one Portfolio (`PM2`), each
        listing the derivative instruments it risk-prices and the collateral
        assets it accepts with their margin discounts and deposit metadata — and
        its Security Module. The one call that answers which universe and
        manager to choose: pick a universe, pick a manager in it, and pass its
        `manager_id` when depositing to a new subaccount (the accepted
        collateral entries carry the `asset` address for the deposit). The
        no-margin fallback universe (id 0) is included; it custodies
        dead-lettered deposits and lists no tradeable instruments. Public
        endpoint, no authentication required.
      operationId: public_get_risk_universes
      requestBody:
        required: true
        content:
          application/json:
            schema:
              $ref: '#/components/schemas/EmptyRequest'
      responses:
        '200':
          description: Success
          content:
            application/json:
              schema:
                type: array
                items:
                  $ref: '#/components/schemas/RiskUniverse'
        default:
          description: JSON-RPC error (see Error Codes)
components:
  schemas:
    EmptyRequest:
      description: This method takes no parameters; send an empty object `{}`.
      type: 'null'
    RiskUniverse:
      description: >-
        One risk universe: its display metadata, managers (each with what it
        lets you trade and deposit), and the Security Module absorbing the
        universe's losses. The universe-first mirror of
        `public/get_all_currencies` — pick a universe, pick a manager in it, and
        the `manager_id` is what you pass when depositing to a new subaccount.
      type: object
      required:
        - managers
        - risk_universe_id
        - security_module
      properties:
        description:
          description: Short description of the universe; null until set by the exchange.
          type:
            - string
            - 'null'
        managers:
          description: >-
            The universe's managers (at most one Standard and one Portfolio),
            each with the instruments it risk-prices and the collaterals it
            accepts.
          type: array
          items:
            $ref: '#/components/schemas/RiskUniverseManager'
        name:
          description: >-
            Display name (e.g. "PRIME"), always uppercase; null until set by the
            exchange.
          type:
            - string
            - 'null'
        risk_universe_id:
          type: integer
          format: uint32
          minimum: 0
        security_module:
          $ref: '#/components/schemas/SecurityModuleDetails'
    RiskUniverseManager:
      description: A manager and what a subaccount created under it can trade and hold.
      type: object
      required:
        - collaterals
        - instruments
        - manager_id
        - margin_type
      properties:
        collaterals:
          description: Assets this manager accepts as deposit collateral.
          type: array
          items:
            $ref: '#/components/schemas/ManagerCollateral'
        instruments:
          description: >-
            Live derivative asset names tradeable under this manager, sorted
            (e.g. "BTC-OPTION", "BTC-PERP"). An option entry names the family —
            fetch its individual listings via `public/get_all_instruments`.
          type: array
          items:
            type: string
        manager_id:
          description: Pass this as `manager_id` when depositing to a new subaccount.
          type: integer
          format: uint32
          minimum: 0
        margin_type:
          $ref: '#/components/schemas/MarginType'
    SecurityModuleDetails:
      description: >-
        The universe's Security Module: the subaccount whose funds absorb
        insolvent losses before any socialization within the universe.
      type: object
      required:
        - cash_asset
        - cash_currency
        - subaccount_id
      properties:
        cash_asset:
          description: EIP-55 checksummed address of the universe's cash asset.
          type: string
        cash_currency:
          description: Currency of the cash asset (e.g. "USDC").
          type: string
        subaccount_id:
          type: integer
          format: uint64
          minimum: 0
    ManagerCollateral:
      description: >-
        A spot asset the manager accepts as collateral, with deposit metadata
        and the manager's margin discounts for it ("1" = full credit, cash).
      type: object
      required:
        - address
        - erc20
        - im_discount
        - min_deposit_usd
        - mm_discount
        - name
      properties:
        address:
          description: >-
            EIP-55 checksummed protocol asset address — the `asset` argument
            when depositing.
          type: string
        erc20:
          $ref: '#/components/schemas/Erc20Details'
        im_discount:
          description: Initial-margin credit for the asset under this manager.
          type: string
        min_deposit_usd:
          type: string
        mm_discount:
          description: Maintenance-margin credit for the asset under this manager.
          type: string
        name:
          description: Registered asset name (e.g. "USDC").
          type: string
    MarginType:
      description: >-
        Margin model applied by a manager: `SM` (standard, cross-collateral) or
        `PM2` (portfolio, scenario-based netting).
      type: string
      enum:
        - SM
        - PM2
    Erc20Details:
      type: object
      required:
        - decimals
      properties:
        decimals:
          type: integer
          format: uint8
          minimum: 0
        underlying_erc20:
          description: On-chain ERC20 token deposited into the spot asset (informational).
          type:
            - string
            - 'null'

````

## Related topics

- [Managers & Risk Universes](/trading/managers-and-risk-universes.md)
- [Programmatic Onboarding](/getting-started/depositing.md)
- [New features](/migrating/new-features.md)
