News list for "drv"
Ethena posted on social media that Derive (DRV) will be launched on January 15 next year, and 5% of the supply will be allocated to sENA pledgers. Previously, it was reported that Ethena announced a partnership with Derive yesterday. Derive has introduced sUSDe as collateral into the agreement and built the first on-chain structured product for sUSDe. As part of this partnership, the Ethena Foundation has provided Derive with a multi-million dollar grant.
On September 5th, the derivatives agreement Derive (formerly Lyra) released a proposal for the governance of DRV token economics. The DRV token is scheduled to be launched in the fourth quarter, with a total supply of 1 billion tokens. LYRA/stkLYRA holders will have a 1:1 DRV token claim, and the number will be determined by the balance at the time of snapshot shooting. DRVs will be issued on the Ethereum mainnet, most of which will be claimed across the chain to Derive L2, and can be pledged as...
