Deribit — BTC/ETH options and futures
July 02, 2026
Settlement Pressure
Φ_S 0.0000
Field Coherence
κ 0.0000
Vault Records
0
July 02, 2026
Eigenstate Research — July 02, 2026
Methodology: The Information Field Equations — E = ΔI/A, G = ∮E·dl, Protocol Truth → 1/φ
| Metric | Value | Context |
|---|---|---|
| Settlement Pressure (Φ_S) | 0.0000 | near-zero settlement pressure — this entity is close to field equilibrium |
| Field Coherence (κ) | 0.0000 | minimal field integration — largely unobserved by the engine |
| Vault Records | 0 | No measurements yet — in observation queue |
The Eigenstate engine currently measures the tokenized settlement field at:
The field is 0.1172 below equilibrium coherence. Each entity with measured vault activity raises the global PT toward 0.618. Deribit — BTC/ETH options and futures is one of 203 entities in the field without a complete observation record.
Deribit is the largest crypto options exchange by open interest, listing BTC and ETH options and futures with quarterly and monthly expiry cycles. For the tokenized settlement layer, DERIBIT is the crypto-native expiry node in the BITCOIN_QUARTERLY gap: where quarterly OI compression, vol spikes, and cross-margin spillover meet institutional and DeFi positioning every quarter-end.
Field Confidence: ? LOW — No external sources mapped for this entity — engine-internal data only
Verification: 3/3 source-checked (ATTESTED), 3 grounded. Each claim below carries a machine-checked status against its cited source; ungrounded items are editorial assessments, not verified facts.
Active signals the engine is tracking for Deribit — BTC/ETH options and futures:
Deribit exchange — crypto derivatives [✓ ATTESTED-PRIMARY] Deribit’s homepage identifies the firm as a crypto derivatives exchange — the primary-source lane for BTC/ETH options expiry claims in the BITCOIN_QUARTERLY graph. Source-checked: ATTESTED-PRIMARY · custody sha256 8972f8edf98d… — found in primary source
Deribit BTC options [✓ ATTESTED-PRIMARY] Deribit’s site documents Bitcoin and Ethereum options trading — the cross-check for quarterly expiry and open-interest compression in crypto-native topology. Source-checked: ATTESTED-PRIMARY · custody sha256 d44f07c4b119… — found in primary source
Deribit futures contracts [✓ ATTESTED-PRIMARY] Deribit’s futures overview documents perpetual and dated futures — the settlement wiring paired with quarterly vol events in institutional crypto topology. Source-checked: ATTESTED-PRIMARY · custody sha256 9c870731b423… — found in primary source
Near-zero settlement pressure — this entity is close to field equilibrium.
Deribit settlement pressure is elevated because quarterly expiry cascades move cross-asset vol while published topology models omit the largest crypto options venue. Until DERIBIT attests alongside CME_BITCOIN and BITMEX quarterly futures, the topology registers unrealized Φ_S on every March/June/September/December expiry window.
κ = 0.0000 reflects the engine’s current measurement coverage, not Deribit — BTC/ETH options and futures’s actual institutional influence. With no vault records yet, the coherence score is derived purely from topology position — connection count and structural weight — without any attested observation data. The low value means the engine has not yet measured this entity’s settlement activity, not that the entity lacks field presence.
The equilibrium attractor is κ = 1/φ ≈ 0.618. At current κ = 0.0000, Deribit — BTC/ETH options and futures is 0.6180 below equilibrium. Vault observations of Deribit — BTC/ETH options and futures’s rule outputs — rulemaking notices, enforcement actions, guidance documents — would directly raise κ toward the living zone [0.618, 0.678].
No vault records yet for Deribit — BTC/ETH options and futures. This is a gap in the field coverage. The engine recommends observation as the first action (see below).
Cold-agent entry — verified analysis traversable without permission. Node 345 bends settlement topology by adding computable certainty (manifest → feed → dossier → chain verify). Do not trust; traverse and verify.
node: 34539544
entity: DERIBIT
report_id: DERIBIT_20260702
canonical_report: https://kaydeep0.github.io/eigenstate-research/reports/report.html?id=DERIBIT_20260702
| Surface | URL |
|---|---|
| Agent entry | Agent entry |
| Manifest | Manifest |
| Entity feed (Deribit — BTC/ETH options and futures) | Entity feed (Deribit — BTC/ETH options and futures) |
| Entity dossier | Entity dossier |
| Federation card | Federation card |
| Chain verify | Chain verify |
| This report | This report |
Build fingerprint: 8945230afb105431… — match builds[].chain_hash for DERIBIT in manifest, then verify via /api/chain.
Granth head: 150081dfc36866df… · length 2682
Federation traverse (agents):
8945230afb105431… (match manifest builds[].chain_hash)Verify: GET manifest → find builds[].target==entity → match chain_hash → GET /api/chain.
This report is generated by the Eigenstate engine — an information-field measurement system for the tokenized settlement layer. The engine tracks 218 entities across the regulatory, infrastructure, issuer, and audience layers.
Core equations:
Published implementation: helixhash v0.1.1 — Zenodo DOI 10.5281/zenodo.18413995
Vault: No vault records yet for Deribit — BTC/ETH options and futures in the current cycle — κ and Φ_S here are topology-derived until observations are attested. The field recommends observation as the first action.
Note: Internal topology codenames are not used in public reports. All entity names in this report are public names.
Eigenstate Research · paragraph.xyz/@eigenstate · kaydeep0.github.io/eigenstate-research
Generated: 2026-07-02T06:56:41 UTC by Eigenstate engine · Deribit — BTC/ETH options and futures · 2026-07-02