#Aerodrome provides liquidity for the Derive chain.#
Hot Topic Overview
Overview
On-chain options protocol Derive announced that Aerodrome will provide liquidity for its native token DRV. DRV will adopt LayerZero's OFT standard to enable cross-chain transfers, making it available on Derive Chain, Base, and over 100 chains from day one. Previously, Derive announced that it would launch the DRV token in January and allocate 5% of its supply to sENA stakers. This means that Derive will leverage Aerodrome's liquidity support and LayerZero's cross-chain technology to facilitate the widespread circulation of its native token, attracting more users and trading volume to its ecosystem.
Ace Hot Topic Analysis
Analysis
On-chain options protocol Derive announces Aerodrome will provide liquidity for its native token DRV and utilize LayerZero's OFT standard for cross-chain transfer.This means DRV tokens will be cross-chain compatible from day one, operating across Derive Chain, Base, and over 100 other chains. This will significantly boost DRV's liquidity and accessibility.As the on-chain liquidity provider for DRV, Aerodrome will offer users a more convenient trading experience and attract more users to participate in the Derive ecosystem.In addition, Derive plans to launch the DRV token in January, allocating 5% of its supply to sENA stakers. This will further incentivize users to participate in Derive's ecosystem building.Overall, the collaboration between Derive and Aerodrome, along with the launch of the DRV token, will bring more liquidity to the Derive ecosystem and drive its development in the on-chain options space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aerodrome will provide liquidity to Derive Chain, providing cross-chain support for the DRV token.
The DRV token will be implemented using LayerZero's OFT standard for cross-chain transfer.
The DRV token will be cross-chain from day one between Derive Chain, Base and over 100 chains.
Derive will launch the DRV token in January, with 5% of the supply allocated to sENA stakers.