Derive’s new DRV Launch Program offers rewards through trading, deposits, and referrals, with plans for major 2025 expansion.
Derive has officially transitioned its DRV Airdrop initiative into the DRV Launch Program. The team revealed that starting January 13 at 12:00 AM UTC, the DRV airdrop will be transformed into the DRV Launch Program. This program aims to incentivize user participation through trading, deposits, and referrals, offering a more dynamic way to engage with Derive’s growing ecosystem.
The team stated on their X page that the DRV token will go live on January 15 at 12:00 AM UTC. It was also noted that the snapshot for the airdrop has been taken, and users will continue to earn DRV tokens as part of the ongoing program, even after the official launch of the token.
The DRV Launch Program rewards users weekly based on their activity. For every $1 paid in trading fees, users earn 100 points, which are converted into DRV tokens. Certain trades, such as those involving low-fee strategies or adding liquidity to new markets, can yield up to five times the usual points, offering boosted incentives for strategic participation.
Additionally, depositing assets into Derive’s vaults provides an opportunity to earn points directly tied to the amount deposited. For example, a $1,000 deposit in USDC USDC $1.00 24h volatility: 0.0% Market cap: $45.72 B Vol. 24h: $6.26 B can earn 100 points, while the same amount in sUSDe will reward users with 10 OP tokens OP $1.66 24h volatility: 6.3% Market cap: $2.25 B Vol. 24h: $227.10 M , aligning rewards with vault engagement.
Users can also refer friends to Derive to earn points, with users receiving 10% of the fees paid by their referrals. Points earned through the program can be converted to stDRV, which unlocks staking benefits. While stDRV has a 28-day unlock period, users can choose instant access at a 20% penalty. Additionally, OP tokens and other incentives will be distributed monthly.
The team informed users that more details about claiming and staking DRV will be shared in the coming days, providing users with a clear roadmap to maximize their participation.
The DRV Launch Program is just one of the steps Derive is taking as it continues to expand into 2025. The platform has ambitious plans, including the launch of Derive Pro, a DeFAI trading platform developed in partnership with Messari, which is scheduled for the first quarter of the year. In addition, Derive is set to roll out a suite of advanced tools, such as passive AMMs and customizable algorithms, aimed at empowering users to earn spreads and fees like professionals.
Derive, previously known as Lyra, experienced major growth in 2024, with volumes, revenue, and total value locked (TVL) expanding to levels 30 times greater than in 2023. The platform reached $8.5 billion in notional volume, including $2.3 billion in December alone. Its TVL surged to $120 million, a 24x increase since January. Derive also captured more than 60% of the market share in on-chain options and exceeded a $9 million annual revenue run rate in December. Additionally, its user base grew to over 75,000.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
