The $DRV token is live and includes an airdrop and migration program for Derive users. 7.71% of the total supply (77,114,554 DRV) is allocated as an airdrop to reward trading, depositing, and referral activities over six rounds (May 8, 2024 – January 13, 2025). Users who stake their airdrop receive a 25% bonus and can participate in governance and rewards with a 28-day unstaking period. An additional 56.38% of DRV supply is allocated for migrating LYRA holders 1:1, including bonuses for prestaking and snapshot participation.

Network

Ethereum