DRV Airdrop Transformed into DRV Launch Program to Drive User Engagement and Rewards

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The DRV Airdrop initiative by Derive has now been changed into the DRV Launch Program. According to their announcement, starting at 12:00 AM UTC on January 13, the old airdrop will be replaced with this new program. The main goal of the DRV Launch Program is to encourage user involvement through trading activities, deposits, and referrals, providing an interactive way for users to engage with Derive’s expanding ecosystem.

On their X page, the team announced that the live deployment of the DRV token is scheduled for January 15, at 12:00 AM UTC. They’ve also mentioned that the airdrop snapshot has already been taken, and post the token’s official launch, users will still receive DRV tokens as part of the ongoing distribution program.

DRV Launch Program: Weekly Rewards and Strategic Incentives for Users

The DRV Launch Program offers weekly rewards to users based on their trading activities. For every dollar spent in trading fees, users will receive 100 points, which are then exchanged for DRV tokens. Some trades, like those utilizing low-cost strategies or contributing liquidity to new markets, can potentially multiply the points by five, providing enhanced incentives for strategic engagement.

Beyond placing assets in Derive’s wallets, you can also accrue points relative to the amount you deposit. For instance, a $1,000 investment in USDC could net 100 points, whereas the same amount in sUSDe would grant users 10 OP tokens. This way, rewards are proportionate to user interaction with the vaults.

Here’s a breakdown:
– A $1,000 deposit in USDC ($1.00) can earn 100 points.
– The same amount in sUSDe ($1.67) would award users with 10 OP tokens.

Users have the option to invite friends to Derive and gain points as a reward. Each time their referred friends make payments, users receive 10% of those fees. These earned points can then be exchanged for stDRV, which grants staking advantages. It’s important to note that stDRV has a 28-day lock-up period, but users have the choice to access it immediately at a 20% deduction. Furthermore, OP tokens and other rewards will be given out on a monthly basis.

In the upcoming days, the team will disclose additional information regarding how to claim and stake DRV, offering a transparent guide for users to optimally engage in this process.

Derive’s Roadmap for 2025 and Future Expansion

The DRV Launch Program is merely part of the growth strategy that Derive is pursuing through 2025. Their platform has lofty goals, including the debut of Derive Pro – a DeFAI trading platform created in collaboration with Messari, expected in the first quarter of the year. Furthermore, Derive plans to introduce a range of sophisticated tools, including passive AMMs and customizable algorithms, designed to enable users to generate profits from spreads and fees, just as professionals do.

2024 marked a significant period of expansion for Derive (formerly Lyra), as its transaction volumes, earnings, and Total Value Locked (TVL) soared to levels thirty times higher than in 2023. The platform achieved an impressive $8.5 billion in notional volume, with December accounting for an astounding $2.3 billion. TVL skyrocketed to $120 million, representing a staggering 24-fold increase since January.

Derive further solidified its presence by capturing over 60% of the on-chain options market share and surpassing a $9 million annual revenue run rate in December. The user base also swelled to more than 75,000 individuals.

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2025-01-13 12:21