#Derive on-chain liquidity is now available.#
Hot Topic Overview
Overview
Derive is launching its native token DRV and has announced that Aerodrome will provide liquidity for DRV. DRV will utilize LayerZero's OFT standard for cross-chain transferability, enabling it to be traded across Derive Chain, Base, and over 100 other chains from day one. This means Derive will have robust on-chain liquidity, providing a more convenient and efficient experience for its options trading.Furthermore, Derive will allocate 5% of the DRV supply to sENA stakers, further incentivizing community participation.
Ace Hot Topic Analysis
Analysis
On-chain options protocol Derive announced that it will be providing on-chain liquidity for its native token DRV through Aerodrome. Derive has chosen to use LayerZero's OFT standard for cross-chain transfer of the DRV token, which means that DRV tokens will be cross-chain compatible on Derive Chain, Base, and over 100 other chains from day one. This move signifies that Derive will be providing wider liquidity for its protocol and offering users a more convenient cross-chain trading experience. Additionally, Derive announced that 5% of the DRV token supply will be allocated to sENA stakers, which will further incentivize user participation in the Derive ecosystem. Overall, Derive's initiatives demonstrate that it is actively building a more open and interconnected on-chain options trading ecosystem, providing users with richer trading options and a more convenient trading experience.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Derive selects the OFT standard to transfer DRV tokens cross-chain, enabling cross-chain liquidity between Derive Chain, Base and over 100 chains.
Aerodrome will be the source of liquidity on the DRV chain, providing liquidity support for Derive.
The DRV token will be launched in January with 5% of the supply allocated to sENA stakers.
Derive is committed to achieving full chainization of derivatives trading.