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Derive

#339
DRV
$0.079657
24h+7.33%
7d-4.33%
30d+90.42%

Derive Price Performance

Low
High
$0.073969
$0.082156

Derive Key Metrics

Market cap
$44.12M
FDV
$109.57M
Volume (24h)
$258.24K
Vol/Mkt Cap (24h)
0.01%
Total supply
1.45B DRV
Circulating supply
553.82M DRV

DRV to USD Converter

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Resources

Website
WebsiteWhitepaperBlog
Socials
@derivexyzDiscord@+YJ-VV2icdpgwYmNl@derivexyzforums.derive.xyz
Explorers
explorer.derive.xyz

Information

Repositories
derivexyz/v2-aaderivexyz/v2-corederivexyz/v2-scripts
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Derive Overview

24h High
$0.08
24h Low
$0.07
24h Change
+7.33%
7d Change
-4.33%
30d Change
+90.42%
Volume 24h
$258.24K
Market Cap
$41.79M
Circulating Supply
553.82M DRV

Derive News

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About Derive

Derive (DRV) is the native token of the Derive Protocol, a decentralised and capital-efficient trading platform for derivatives built on Ethereum and its Derive L2 rollup. DRV facilitates governance, incentivises trading, and supports the protocol’s sustainability through staking rewards and buyback mechanisms. Developed by the former Lyra team, Derive aims to provide a modular and scalable solution for decentralised derivatives trading.

DRV is designed with multiple utilities within the Derive Protocol ecosystem:

1. Governance (stDRV)
  • Users can stake DRV into stDRV to participate in protocol governance. - Features a 28-day unlock period or instant unlock with a 20% penalty. - Voting power is delegable, encouraging broad participation in decision-making.
2. Staking Rewards
  • Stakers earn weekly rewards funded by DAO emissions. - After six months post-TGE, rewards transition to a buyback-funded model. - This model ensures sustainability and supports long-term demand.
3. Protocol Usage Incentives
  • DRV incentivises trading and liquidity provision. - A weekly emission pool of up to 2,500,000 DRV supports trading and liquidity programs. - Unused rewards are returned to the DAO treasury.
4. Sustainable Buybacks
  • 25% of protocol revenue is used for weekly DRV buybacks. - This mechanism supports price stability and drives treasury growth.
5. Trading Fee Reductions & Liquidity Programs
  • DRV holders and liquidity providers benefit from reduced trading fees. - Access to exclusive ecosystem incentives encourages active participation.
Derive Protocol was developed by a team led by Sean Dawson, Dominic Romanowski, Anton Cheng, and Vladislav Abramov, with contributions from Joshua Kim, Jake Fitzgerald, Nick Forster, Timothy Gorham, and Ksett. The protocol is an evolution of the Lyra options trading platform, aiming to offer a more efficient and scalable decentralised derivatives trading experience​.

Derive Markets

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Derive Platforms

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Derive Market Data

The live Derive price today is $0.08 USD with a 24-hour trading volume of $258,236.45 USD. We update our DRV to USD price in real-time. Derive is up 7.33% in the last 24 hours.

The current market cap is $41,785,289.86 USD, ranking #339 by market capitalization. The circulating supply is 553,815,217 DRV.