Derivatives protocol Derive has released a new Token DRV, aiming to enhance the governance and incentives of the Derivatives ecosystem

robot
Abstract generation in progress

Odaily Planet Daily News Derive launches a new Token DRV to support its Derivatives ecosystem. DRV will be launched on the ETH mainnet and mostly bridged to Derive L2 for users to claim. Users need to stake DRV as stDRV for governance, and staked stDRV is non-transferable, with a 28-day unlocking period. Alternatively, users can choose to unlock immediately but will incur a 20% loss. The governance system will be implemented on-chain in Derive, including proposals, delegation, and voting. The DAO will allocate up to 1.15 million DRV per week for stake rewards, which will be halved after 6 months and eventually distributed entirely through buyback. Additionally, there will be 2.5 million DRV allocated for incentivizing protocol usage. Users can choose to pre-stake DRV during the migration process to receive a one-time 5% bonus.

ETH-2.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)