UPDATED (MAY 8 12:00:00 AM UTC)
The DRV snapshot has been taken as MAY 8 12:00:00 AM UTC.
Purchasing LYRA from May 8 12:00 AM UTC onwards will not confer any additional DRV.
Blocknumbers for the DRV snapshot were as follows:
Optimism. The balance on Optimism after the block: 119763811
Arbitrum. The balance on Arbitrum after the block: 208941786
Ethereum. The balance on Ethereum after the block: 19821623
To see the balances taken at snapshot visit the Holder Page.
Where did DRV come from?
Over the last 3 years the ecosystem has expanded from an options AMM to include a Chain, Protocol, Exchange and Wallet, becoming the first capital efficient and composable primitive for perps and options trading on any erc20.
This new scope demands a token native to the network.
Enter DRV, the utility token for the Derive Derivatives Network.
DRV was ratified by Derive DAO governance on April 19 via snapshot vote.
How can I earn DRV?
You can earn DRV in two ways:
Yield Farming: Earn points hourly by depositing into your Derive account.
Regular Deposits - Earn 1 point per $100 in account value; capped at $100k.
LRT Deposits - Earn 30 points per hour per weETH or rswETH; uncapped.
Trading: Trade perps and options to earn DRV, starting May 8 — there will be multiple airdrops for traders
DRV will be airdropped to yield farmers and traders in Q3 2024.
More details about trading incentives will be revealed closer to May 8.
LYRA to DRV migration
Additionally, existing LYRA holders will be migrated 1:1 to DRV with the same total supply. Learn more about the migration here.
LYRA balances
To see the balances taken at snapshot visit the Holder Page.