DRV Airdrop Transitions to DRV Launch Program Starting January 13
Derive has transitioned its DRV Airdrop initiative into the DRV Launch Program, effective January 13 at 12:00 AM UTC. This program incentivizes user participation through trading, deposits, and referrals.
The DRV token launch is scheduled for January 15 at 12:00 AM UTC. Users will continue to earn DRV tokens as part of the ongoing program following the snapshot taken for the airdrop.
DRV Launch Program Details
- Users earn 100 points for every $1 paid in trading fees, convertible to DRV tokens.
- Certain trades can yield up to five times the usual points.
- Depositing assets earns points based on the deposit amount.
- Referring friends provides 10% of the fees paid by referrals as points.
- Points can be converted to stDRV, which offers staking benefits with a 28-day unlock period.
- Monthly distributions include OP tokens and other incentives.
Details on claiming and staking DRV will be released soon.
Future Plans
Derive aims for further expansion in 2025, including the launch of Derive Pro in partnership with Messari and advanced tools for users. In 2024, Derive achieved significant growth, with notional volumes reaching $8.5 billion and total value locked (TVL) increasing to $120 million.