Programmatic Onboarding

User onboarding on Derive is fully programmatic - no humans in the loop. You can integrate the Derive Exchange for your users within minutes.

Your account and first subaccount come into existence the moment a deposit is credited to your wallet on-chain.

The account model

Three terms show up throughout the API. They nest:

Wallet — your Ethereum EOA (the address that owns everything). One wallet ↔ one account.
Subaccount — the unit you actually trade from. It holds collateral and positions and is identified by a numeric subaccount_id. A wallet can own many.
Manager — the margin/risk model a subaccount runs under: standard (cross) margin or portfolio margin. You pick a manager when the subaccount is created; it also fixes the subaccount’s risk universe.

A brand-new wallet’s first deposit creates two subaccounts: the funded one you asked for, plus a fallback subaccount (under manager id 0) that catches any deposit that can’t be applied to its intended target. Expect two ids to appear the first time — the fallback is normal.

v3 has no private/create_subaccount method — subaccounts are created on-chain by depositing. See the changelog for the v2 → v3 method changes.

Step 1 — Choose deposit params

When depositing to a new subaccount you must chose a risk universe / manager. Use public/get_risk_universes to list every universe with its managers and their accepted collaterals / instruments. See Managers & risk universes for how to choose.

import { DeriveClient } from '@derivexyz/derive-ts';

// Public read — no login required.
const client = new DeriveClient({
  network: 'mainnet',
  wallet: process.env.PRIVATE_KEY!,
});
const universes = await client.marketData.getRiskUniverses();
// Pick the manager that trades what you want (ETH options)
// and accepts the collateral you'll post (USDC).
const manager = universes
  .flatMap((u) => u.managers)
  .find((m) => m.instruments.includes('ETH-OPTION') && m.collaterals.some((c) => c.name === 'USDC'))!;
const usdc = manager.collaterals.find((c) => c.name === 'USDC')!;
console.log(manager.manager_id, usdc.address, usdc.erc20);

import asyncio

from derive_py import WebSocketClient


async def main():
    client = WebSocketClient.from_env()
    await client.connect()

    universes = await client.markets.get_risk_universes()
    # Pick the manager that trades what you want (ETH options)
    # and accepts the collateral you'll post (USDC).
    manager = next(
        m
        for u in universes
        for m in u.managers
        if "ETH-OPTION" in m.instruments and any(c.name == "USDC" for c in m.collaterals)
    )
    usdc = next(c for c in manager.collaterals if c.name == "USDC")
    print(manager.manager_id, usdc.address, usdc.erc20)

    await client.disconnect()


asyncio.run(main())

use derive_rs::{Environment, WsClient};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    // Public read — no login required.
    let client = WsClient::new_public(Environment::Mainnet).await?;
    let universes = client.rpc().market_data().get_risk_universes().await?;

    // Pick the manager that trades what you want (ETH options)
    // and accepts the collateral you'll post (USDC).
    let manager = universes
        .iter()
        .flat_map(|u| &u.managers)
        .find(|m| {
            m.instruments.contains(&"ETH-OPTION".to_string())
                && m.collaterals.iter().any(|c| c.name == "USDC")
        })
        .expect("no manager trades ETH options against USDC");
    let usdc = manager
        .collaterals
        .iter()
        .find(|c| c.name == "USDC")
        .expect("USDC collateral missing");

    println!("{} {} {:?}", manager.manager_id, usdc.address, usdc.erc20);
    Ok(())
}

What each asset field means

Value	Where it comes from	Used as
Protocol spot asset address	`collaterals[].address`	the `asset` in the on-chain deposit call
Underlying ERC-20 + `decimals`	`collaterals[].erc20`	the token you approve/send, and how to scale the amount
Margin credit	`collaterals[].im_discount`	how much margin the asset earns under this manager (`"0"` = held but no credit)

Step 2 — Deposit

You can deposit 2 different ways - each ideal for different types of users:

Direct: call the Deposit() or DepositNewSubaccount() calls on the OnchainActionManager.sol. (~2 min)
Standard: less integration work as simply requires user to send funds to a custom ETH address from where a keeper will auto deposit funds into the exchange. (~2 min)

The minimum deposit is $10 for both methods: Direct, and Standard through a deposit address. The exchange does not credit a deposit worth less than $10. Instead, the funds go to the Security Module.

On testnet, every token is mintable: open testnet.app.derive.xyz, connect your wallet, and click Deposit in the top right, then Mint a token of your choice.

Diagram of the Derive deposit methods. Direct: call Deposit() or DepositNewSubaccount() on OnchainActionManager.sol; takes 1-2 minutes while the L1 reaches finality. Standard: send funds to a custom ETH address from which a keeper auto-deposits them into the exchange; also 1-2 minutes but needs no contract calls.

Direct
Standard

Your own wallet calls the settlement contract (ACTION_MANAGER, address per Contracts). First approve the contract to pull your ERC-20, then call one of:

depositToNewSubaccount(asset, amount, managerId, owner) — create a new subaccount under managerId, owned by owner.
deposit(asset, amount, subaccountId, fallbackRecipient) — fund an existing subaccountId; fallbackRecipient receives the funds into its fallback subaccount if the deposit cannot be applied.

asset is the protocol spot asset address (collaterals[].address from Step 1), not the ERC-20 token. amount is in the token’s native ERC-20 decimals

import { DeriveClient } from '@derivexyz/derive-ts';
import { ethers } from 'ethers';

// The SDK holds no provider — supply an ethers signer connected to the
// settlement-chain RPC; it signs the approve + deposit for you.
const provider = new ethers.JsonRpcProvider(SETTLEMENT_CHAIN_RPC_URL);
const signer = new ethers.Wallet(OWNER_PRIVATE_KEY, provider);

// No login needed — a Direct deposit is a pure on-chain call; the network
// config supplies the ActionManager and USDC addresses.
const client = new DeriveClient({ network: 'mainnet' });

// ASSET_ADDRESS = collaterals[].address (protocol asset, NOT the ERC-20) and
// MANAGER_ID = manager_id, both from Step 1. Approves the ActionManager to
// pull the ERC-20 (defaults to the network's USDC), then deposits into a NEW
// subaccount under MANAGER_ID, owned by the signer.
const { txHash } = await client.deposits.contractCall.depositToNewSubaccount({
  signer,
  asset: ASSET_ADDRESS,
  amount: '100', // human units — scaled by the ERC-20's on-chain decimals()
  managerId: MANAGER_ID,
});
// Mined on-chain; crediting still happens asynchronously (Step 3).

import asyncio

from derive_py import WebSocketClient
from derive_py.data_types import D, MarginType, RiskUniverseID


async def main():
    client = WebSocketClient.from_env()
    await client.connect()

    # No login needed for the on-chain part — the client holds the wallet key
    # and the network config supplies the ActionManager and USDC addresses.
    # amount is in HUMAN units; the SDK scales by the ERC-20's decimals().
    steps = client.plan_deposit_to_new_subaccount(
        risk_universe_id=RiskUniverseID.PRIME,
        margin_type=MarginType.SM,
        asset_name="USDC",
        amount=D("100"),
    )

    # One step per tx: the ERC-20 approve (skipped if already approved),
    # then the deposit into a NEW subaccount owned by the signer.
    async for step in steps:
        print(f"[{step.kind}] {step.description}")
        tx_hash = await step.submit()
        receipt = await step.wait_for_finality()
        print(f"  {tx_hash} in block {receipt.blockNumber}")
    # Mined on-chain; crediting still happens asynchronously (Step 3).

    await client.disconnect()


asyncio.run(main())

use std::str::FromStr;

use alloy::primitives::Address;
use bigdecimal::BigDecimal;
use derive_rs::{
    Environment, WsClient,
    actions::{DepositArgs, DepositTypes, DirectDepositType, SupportDepositAssets},
};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    let wallet: Address = std::env::var("DERIVE_WALLET")?.parse()?;
    let client = WsClient::new(
        Environment::Mainnet,
        Some(std::env::var("DERIVE_PRIVATE_KEY")?),
        Some(wallet.to_string()),
        None, // no subaccount yet — this deposit creates one
    )
    .await?;

    // MANAGER_ID comes from Step 1. amount is in HUMAN units; the SDK scales it
    // by the ERC-20's decimals() and approves the ActionManager first if needed.
    let args = DepositArgs::builder()
        .asset(SupportDepositAssets::USDC)
        .amount(BigDecimal::from_str("100")?)
        .recipient(wallet) // owner of the new subaccount
        .manager_id(2)
        .deposit_type(DepositTypes::Direct(
            DirectDepositType::DepositToNewSubaccount,
        ))
        .build();

    // One hash per tx sent: the ERC-20 approve (if required), then the deposit.
    for hash in client.fund_movements().deposit(args).await? {
        println!("{hash:?}");
    }
    // Mined on-chain; crediting still happens asynchronously (Step 3).
    Ok(())
}

// Raw calls to OnchainActionManager.sol — from your own contract, a Foundry
// script, or `cast send`.
//   ASSET_ADDRESS  = collaterals[].address              — protocol asset, NOT the ERC-20
//   ERC20_ADDRESS  = collaterals[].erc20.underlying_erc20
//   MANAGER_ID     = manager_id of the SM-margin manager
//   ACTION_MANAGER = settlement contract — see /getting-started/contracts
interface IERC20 {
    function approve(address spender, uint256 amount) external returns (bool);
}

interface IOnchainActionManager {
    function depositToNewSubaccount(
        address asset,
        uint256 amount,
        uint32 managerId,
        address owner
    ) external returns (uint256 actionId);
}

function depositToDerive() external {
    uint256 amount = 100e6; // native ERC-20 units (USDC = 6 decimals)

    // 1. Approve the ActionManager to pull the underlying ERC-20.
    IERC20(ERC20_ADDRESS).approve(ACTION_MANAGER, amount);

    // 2. Create a new subaccount under MANAGER_ID, owned by this wallet;
    //    crediting still happens asynchronously (Step 3).
    IOnchainActionManager(ACTION_MANAGER).depositToNewSubaccount(
        ASSET_ADDRESS,
        amount,
        MANAGER_ID,
        msg.sender
    );
}

Mainnet and testnet have different ACTION_MANAGER addresses. Take the one for your network from Contracts.

public/register_deposit_address returns a deterministic deposit address for (wallet, subaccount, manager). Send the token there from anywhere; an off-chain sweeper forwards it into the protocol and credits your subaccount. It is a plain public call — no signature — and idempotent: calling it again returns the same address.

string

required

Wallet to credit. EIP-55 checksummed.

integer

default:"0"

Existing subaccount to route the deposit into. It must belong to wallet. Omit (or 0) to create a new subaccount instead.

integer

Manager the new subaccount is created under. Required and non-zero when subaccount_id is omitted or 0. Omit it (or pass 0) when routing into an existing subaccount: a non-zero value is rejected.

import { DeriveClient } from '@derivexyz/derive-ts';

// Public call — no login required. The address is deterministic per
// (wallet, subaccount, manager).
const client = new DeriveClient({
  network: 'mainnet',
  wallet: process.env.PRIVATE_KEY!,
});
const registration = await client.deposits.depositAddress.register({
  wallet: '0xYourWallet',
  managerId: 2,
});
console.log(registration.deposit_address);

import asyncio

from derive_py import WebSocketClient
from derive_py.data_types.generated_models import RegisterDepositAddressParams


async def main():
    # Public call — no login required. The address is deterministic per
    # (wallet, subaccount, manager).
    client = WebSocketClient.from_env()
    await client.connect()

    registration = await client.public_api.rpc.register_deposit_address(
        RegisterDepositAddressParams(
            wallet="0xYourWallet",
            manager_id=2,
        )
    )
    print(registration.deposit_address)

    await client.disconnect()


asyncio.run(main())

use derive_rs::{Environment, WsClient, models::RegisterDepositAddressParams};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    // Public call — no login required. The address is deterministic per
    // (wallet, subaccount, manager).
    let client = WsClient::new_public(Environment::Mainnet).await?;

    let params = RegisterDepositAddressParams::builder()
        .wallet("0xYourWallet")
        .manager_id(2)
        .try_into()?;

    let registration = client
        .rpc()
        .onchain_actions()
        .register_deposit_address(params)
        .await?;
    println!("{}", registration.deposit_address);
    Ok(())
}

curl -X POST https://api.derive.xyz/v3/public/register_deposit_address \
  -H "Content-Type: application/json" \
  -d '{
    "wallet": "0xYourWallet",
    "manager_id": 2
  }'

Only send the registered token to a deposit address, on the correct chain (see Contracts). The address is bound to the (wallet, subaccount, manager) you registered — routing is fixed at registration time.

Step 3 — Confirm the deposit was credited

A mined deposit transaction is not the end of the story: the exchange credits the funds asynchronously, and the new subaccount_id is not carried in the transaction receipt. Two endpoints cover the gap.

First feedback — `public/get_pending_deposits`

Whichever method you used, an entry appears here the moment the exchange picks the deposit up: Direct and Standard deposits as soon as the action lands in the OnchainActionManager (for Standard, when the keeper sweeps the deposit address). It is a public call, so it works before your account exists. Direct / Standard deposits sit here (pending → confirmed) while the exchange waits roughly two minutes of confirmations before including them in state — once your entry shows up, switch to polling private/get_subaccounts below.

Crediting — `private/get_subaccounts`

Discover a new subaccount by snapshotting your subaccount ids before depositing and polling private/get_subaccounts afterward for the id that appears — the SDK’s client.deposits.awaitNewSubaccount does this. For a deposit into an existing subaccount, poll private/get_subaccount and watch its collateral balance increase.

import { DeriveClient } from '@derivexyz/derive-ts';

const client = new DeriveClient({
  network: 'mainnet',
  wallet: process.env.PRIVATE_KEY!,
});
await client.connect();
await client.login();

const subaccountIds = await client.subaccounts.list();
console.log(subaccountIds);

import asyncio

from derive_py import WebSocketClient

async def main():
    client = WebSocketClient.from_env()
    await client.connect()

    subaccounts = await client.account.get_subaccounts()
    print(subaccounts.subaccount_ids)

    await client.disconnect()

asyncio.run(main())

use derive_rs::{Environment, WsClient, models::GetSubaccountsRequest};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    let wallet = std::env::var("DERIVE_WALLET")?;
    let client = WsClient::new(
        Environment::Mainnet,
        Some(std::env::var("DERIVE_PRIVATE_KEY")?),
        Some(wallet.clone()),
        Some(1),
    )
    .await?;
    client.login().await?;

    let params = GetSubaccountsRequest::builder().wallet(wallet).try_into()?;
    let subaccounts = client.rpc().subaccounts().get_subaccounts(params).await?;
    println!("{:?}", subaccounts.subaccount_ids);
    Ok(())
}

curl -X POST https://api.derive.xyz/v3/private/get_subaccounts \
  -H "Content-Type: application/json" \
  -H "X-DeriveWallet: 0xYourWallet" \
  -H "X-DeriveTimestamp: 1695836058725" \
  -H "X-DeriveSignature: 0x…" \
  -d '{ "wallet": "0xYourWallet" }'

{
  "jsonrpc": "2.0",
  "id": 1,
  "method": "private/get_subaccounts",
  "params": { "wallet": "0xYourWallet" }
}

{
  "jsonrpc": "2.0",
  "id": 1,
  "result": {
    "wallet": "0xYourWallet",
    "subaccount_ids": [9, 10]
  }
}

For Direct and Standard deposits (both observed on-chain), you can track whether the exchange has picked up your on-chain action with public/get_onchain_action_history. It lists each OnchainActionManager action the sequencer scraped and its status — applied (with an op_uuid), consumed as a fallback no-op, or still retrying.

import { DeriveClient } from '@derivexyz/derive-ts';

// Public read — no login required.
const client = new DeriveClient({
  network: 'mainnet',
  wallet: process.env.PRIVATE_KEY!,
});
const { actions } = await client.marketData.getOnchainActionHistory({
  wallet: '0xYourWallet',
});
for (const a of actions)
  console.log(a.action_type_label, a.status, a.tx_hash, a.op_uuid);

import asyncio

from derive_py import WebSocketClient
from derive_py.data_types.generated_models import GetOnchainActionHistoryParams


async def main():
    # Public read — no login required.
    client = WebSocketClient.from_env()
    await client.connect()

    history = await client.public_api.rpc.get_onchain_action_history(
        GetOnchainActionHistoryParams(wallet="0xYourWallet")
    )
    for action in history.actions:
        print(action.action_type_label, action.status, action.tx_hash, action.op_uuid)

    await client.disconnect()


asyncio.run(main())

use derive_rs::{Environment, WsClient, models::GetOnchainActionHistoryParams};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    // Public read — no login required.
    let client = WsClient::new_public(Environment::Mainnet).await?;

    let params = GetOnchainActionHistoryParams::builder()
        .wallet("0xYourWallet".to_string())
        .try_into()?;

    let history = client
        .rpc()
        .onchain_actions()
        .get_onchain_action_history(params)
        .await?;
    for action in history.actions {
        println!(
            "{:?} {:?} {:?} {:?}",
            action.action_type_label, action.status, action.tx_hash, action.op_uuid
        );
    }
    Ok(())
}

curl -X POST https://api.derive.xyz/v3/public/get_onchain_action_history \
  -H "Content-Type: application/json" \
  -d '{ "wallet": "0xYourWallet" }'

For a full record of credited Direct and Standard deposits use private/get_deposit_history, scoped to the whole wallet or a single subaccount_id. Amounts and fee are decimal strings; the net credited amount is amount - fee.

import { DeriveClient } from '@derivexyz/derive-ts';

const client = new DeriveClient({
  network: 'mainnet',
  wallet: process.env.PRIVATE_KEY!,
});
await client.connect();
await client.login();

// Whole wallet (omit subaccountId). Amounts and fee are decimal strings.
const { deposits } = await client.deposits.getHistory();
for (const d of deposits)
  console.log(d.subaccount_id, d.asset, d.amount, d.fee);

import asyncio

from derive_py import WebSocketClient


async def main():
    client = WebSocketClient.from_env()
    await client.connect()

    # Whole wallet. client.history is scoped to the ACTIVE subaccount;
    # client.account.history is wallet-wide. Amounts and fee are decimals.
    history = await client.account.history.deposits()
    for deposit in history.deposits:
        print(deposit.subaccount_id, deposit.asset, deposit.amount, deposit.fee)

    await client.disconnect()


asyncio.run(main())

use derive_rs::{Environment, WsClient, models::GetDepositHistoryRequest};

#[tokio::main]
async fn main() -> Result<(), Box<dyn std::error::Error>> {
    let wallet = std::env::var("DERIVE_WALLET")?;
    let client = WsClient::new(
        Environment::Mainnet,
        Some(std::env::var("DERIVE_PRIVATE_KEY")?),
        Some(wallet.clone()),
        Some(1),
    )
    .await?;
    client.login().await?;

    // Whole wallet (omit subaccount_id). Amounts and fee are decimal strings.
    let params = GetDepositHistoryRequest::builder()
        .wallet(wallet)
        .try_into()?;

    let history = client.rpc().history().get_deposit_history(params).await?;
    for deposit in history.deposits {
        println!(
            "{} {} {} {}",
            deposit.subaccount_id, deposit.asset, deposit.amount, deposit.fee
        );
    }
    Ok(())
}

curl -X POST https://api.derive.xyz/v3/private/get_deposit_history \
  -H "Content-Type: application/json" \
  -H "X-DeriveWallet: 0xYourWallet" \
  -H "X-DeriveTimestamp: 1695836058725" \
  -H "X-DeriveSignature: 0x…" \
  -d '{ "wallet": "0xYourWallet" }'

{
  "jsonrpc": "2.0",
  "id": 1,
  "method": "private/get_deposit_history",
  "params": { "wallet": "0xYourWallet" }
}

{
  "jsonrpc": "2.0",
  "id": 1,
  "result": {
    "deposits": [
      {
        "operation_id": "a1b2...",
        "new_subaccount": true,
        "subaccount_id": 10,
        "wallet": "0xYourWallet",
        "asset": "USDC",
        "amount": "100",
        "fee": "0",
        "timestamp": 1731000000000,
        "batch_uuid": "c3d4...",
        "batch_status": "Settled",
        "tx_hash": "0x..."
      }
    ]
  }
}

private/get_subaccounts and private/get_deposit_history are private methods — authenticate the connection with session login first. Once a subaccount is funded, you can log in and start trading.

Depositing from another chain

Derive v3 settles as a ZK rollup, but its deposit contracts live on Ethereum L1. Whatever chain your funds start on, they must arrive at L1 before the exchange can credit them. The Derive front-end uses Li.Fi for bridging deposits. However, you may choose any bridge you prefer. Bridge to the deposit address from Step 2 and the deposit proceeds exactly as described above, with no extra integration.

Some collaterals, such as HYPE and SOL, have no native Ethereum token. They bridge through Derive’s own LayerZero bridges — see Custom Bridges for the bridge addresses.

Next steps

Quickstart

Now that your subaccount is funded, log in, sign an order, and stream your fills.

Authentication

Session login and the per-action signing model.

Transfers & Withdrawals

Move collateral between subaccounts and back on-chain.

Get Started

Authentication & Keys

Trading Concepts

Permissionless Vaults

WebSocket

Reference

Programmatic Onboarding

The account model

Step 1 — Choose deposit params

What each asset field means

Step 2 — Deposit

Step 3 — Confirm the deposit was credited

First feedback — `public/get_pending_deposits`

Crediting — `private/get_subaccounts`

Depositing from another chain

Next steps

Quickstart

Authentication

Transfers & Withdrawals

​The account model

​Step 1 — Choose deposit params

​What each asset field means

​Step 2 — Deposit

​Step 3 — Confirm the deposit was credited

​First feedback — public/get_pending_deposits

​Crediting — private/get_subaccounts

​Depositing from another chain

​Next steps

Quickstart

Authentication

Transfers & Withdrawals

The account model

Step 1 — Choose deposit params

What each asset field means

Step 2 — Deposit

Step 3 — Confirm the deposit was credited

First feedback — `public/get_pending_deposits`

Crediting — `private/get_subaccounts`

Depositing from another chain

Next steps