DRV Airdrop Transformed into DRV Launch Program to Boost User Engagement and Rewards

Derive has announced a significant shift in its rewards system, officially transitioning its DRV Airdrop initiative into the DRV Launch Program. The revamped program, which commenced on January 13 at 12:00 AM UTC, introduces an innovative framework designed to enhance user participation and incentivize activity within the Derive ecosystem. This transition comes just days before the DRV token’s official launch on January 15 at 12:00 AM UTC, promising new opportunities for users to earn and engage.

DRV Launch Program: Weekly Rewards That Matter

The DRV Launch Program introduces a points-based system where user activities translate into tangible rewards. Every $1 spent on trading fees earns users 100 points, which are then converted into DRV tokens. For strategic traders, certain activities, like engaging in low-fee strategies or contributing liquidity to emerging markets, offer a multiplier effect, boosting points by up to five times.

Deposits into Derive’s vaults also yield rewards, with points calibrated to the value of deposited assets. For instance:

• A $1,000 deposit in USDC earns 100 points.
• The same amount in sUSDe rewards users with additional OP tokens.

The referral system further amplifies the program’s appeal. Users who bring new participants to Derive receive 10% of the fees paid by their referrals, encouraging community-driven growth. Points earned through all these activities can be converted into stDRV, a token offering staking benefits. While stDRV has a 28-day unlock period, users can opt for immediate access with a 20% penalty.

Enhanced Opportunities with DRV Token and Staking

As part of the transition, the team has taken an airdrop snapshot, ensuring that early adopters remain rewarded. Users will continue earning DRV tokens through the program, even after the token’s official launch. Additionally, the program introduces monthly OP token rewards, alongside other incentives tied to staking and ecosystem participation.

stDRV holders unlock staking benefits, with flexibility in accessing funds balanced by penalties for immediate withdrawal. The detailed roadmap for claiming and staking DRV tokens will be released in the coming days, equipping users with actionable steps to maximise their engagement.

Derive’s Remarkable Growth Story in 2024

Derive, previously known as Lyra, underwent significant transformation in 2024. The platform’s volumes, revenue, and total value locked (TVL) surged, showcasing its rapid expansion and market dominance:

• Volume Growth: Total notional volume hit $8.5 billion, with $2.3 billion recorded in December alone.
• Revenue Surge: Annual revenue run rate surpassed $9 million in December, reflecting a substantial growth trajectory.
• TVL Milestone: TVL soared to $120 million, a 24-fold increase since January 2024.
• Market Share Leadership: Derive captured over 60% of the on-chain options market.
• User Base Expansion: The platform grew to over 75,000 active users.

This explosive growth underpins Derive’s position as a leader in the on-chain trading space, bolstered by its focus on user-centric innovations and strategic initiatives like the DRV Launch Program.

What’s Next: Derive’s Ambitious 2025 Roadmap

The DRV Launch Program is only the beginning. Derive is gearing up for a pivotal 2025, with plans to introduce advanced tools and platforms aimed at empowering its users:

1. Derive Pro: A DeFAI trading platform developed in partnership with Messari, set to launch in Q1 2025.
2. Passive AMMs and Algorithms: These tools will enable users to operate like professionals, earning spreads and fees with ease.
3. Further Expansion: With a robust track record of growth, Derive is poised to continue its upward trajectory, cementing its leadership in decentralised trading.