DRV

Derive

$0.05091
11,71%
DRVERC20ETH0xB1D1eae60EEA9525032a6DCb4c1CE336a1dE71BE2024-11-19
DRVERC20BASE0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d0832025-01-12
DRVERC20OP0x33800De7E817A70A694F31476313A7c572BBa1002024-12-10
DRVERC20ARB0x77b7787a09818502305C95d68A2571F090abb1352024-12-10
DRVDRV0x2EE0fd70756EDC663AcC9676658A1497C247693A2024-11-20
Derive (DRV) is the native token of the Derive Protocol, a decentralised and capital-efficient trading platform for derivatives built on Ethereum and its Derive L2 rollup. DRV facilitates governance, incentivises trading, and supports the protocol’s sustainability through staking rewards and buyback mechanisms. Developed by the former Lyra team, Derive aims to provide a modular and scalable solution for decentralised derivatives trading.

Derive (DRV) is the native token of the Derive Protocol, a decentralised derivatives ecosystem designed to offer capital-efficient trading and risk management on the Ethereum network and its dedicated layer-2 solution, Derive L2. The protocol supports various financial instruments, including European options, perpetual futures, and spot trading. It operates through a modular structure with smart contracts for asset management, risk control, and trading functionalities. DRV serves as the foundation of this ecosystem, integrating governance, staking incentives, and protocol growth mechanisms.

DRV is designed with multiple utilities within the Derive Protocol ecosystem:

  • Users can stake DRV into stDRV to participate in protocol governance.
  • Features a 28-day unlock period or instant unlock with a 20% penalty.
  • Voting power is delegable, encouraging broad participation in decision-making.

  • Stakers earn weekly rewards funded by DAO emissions.
  • After six months post-TGE, rewards transition to a buyback-funded model.
  • This model ensures sustainability and supports long-term demand.

  • DRV incentivises trading and liquidity provision.
  • A weekly emission pool of up to 2,500,000 DRV supports trading and liquidity programs.
  • Unused rewards are returned to the DAO treasury.

  • 25% of protocol revenue is used for weekly DRV buybacks.
  • This mechanism supports price stability and drives treasury growth.

  • DRV holders and liquidity providers benefit from reduced trading fees.
  • Access to exclusive ecosystem incentives encourages active participation.

Derive Protocol was developed by a team led by Sean Dawson, Dominic Romanowski, Anton Cheng, and Vladislav Abramov, with contributions from Joshua Kim, Jake Fitzgerald, Nick Forster, Timothy Gorham, and Ksett. The protocol is an evolution of the Lyra options trading platform, aiming to offer a more efficient and scalable decentralised derivatives trading experience​.