### New Sources of On-Chain Liquidity for DerivaDEX#
Hot Topic Overview
Overview
Derive, an on-chain options protocol, has announced that it will be providing liquidity for its DRV chain through Aerodrome. DRV will adopt LayerZero's OFT standard, allowing its token to be cross-chain from day one between the Derive Chain, Base, and over 100 other chains. This means that Derive will gain access to new sources of on-chain liquidity through Aerodrome and the OFT standard, and will expand its ecosystem to multiple chains. In addition, Derive will launch the DRV token in January, with 5% of the supply allocated to sENA stakers. These moves indicate that Derive is actively expanding its ecosystem and providing broader liquidity support for its on-chain options protocol.
Ace Hot Topic Analysis
Analysis
Derive is exploring new on-chain liquidity sources to support the operations of its on-chain options protocol. Derive announced it will adopt LayerZero's OFT standard, enabling the DRV token to be cross-chain from day one between Derive Chain, Base, and over 100 chains. This means Derive will be able to leverage liquidity from other chains, providing a wider pool of funding for its protocol. Additionally, Derive has announced Aerodrome will become a source of on-chain liquidity for DRV, further bolstering its liquidity pool. These initiatives demonstrate Derive's active pursuit of expanding its ecosystem and providing stronger support for its protocol. Through cross-chain functionality and the introduction of new liquidity sources, Derive is poised to attract more users and drive growth for its protocol.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Derive will utilize Aerodrome to provide liquidity for the DRV chain.
DRV tokens will implement LayerZero's OFT standard for cross-chain transfers.
DRV tokens will be cross-chain from day one on the Derive Chain, Base, and over 100 chains.
Derive will launch the DRV token in January, with 5% of the supply allocated to sENA stakers.