The DRV Airdrop has started! The program includes at least 3 rounds, each lasting 4 weeks. During each round, you can earn points and unlock levels by trading, depositing, and inviting. Your share of the DRV distributed in a round is determined by your percentage of the total points and the level you unlock. After each round, your points and levels will be recorded and reset.

View your points and levels here.

There are 3 ways to earn points:

1) Trade - Start trading and earn 10k points for every $1 in fees paid.

2) Yield - Deposit tokens into your trading account or the derivatives yield products and earn 1 point per $1 balance per day (no cap).

For details about the derivatives yield products, please refer to the Yield documentation.

3) Invite - Share your 5-digit code with friends or on social media and earn 20% of their points and 10% of their invitees' points.

A level-based system has been introduced to reward the most active traders and yield farmers with DRV bonuses and other long-term benefits. The more points you earn during a round, the higher the level you unlock, and the greater the rewards you'll receive.

In addition, during the airdrop, details about DRV and other bonuses for users of partner protocols and those who complete specific actions will be revealed.

The snapshot of the LYRA and stkLYRA balances was taken on May 8, 12:00 am UTC, and will convert 1:1 to DRV (claimable in Q3). It is important to note that this means that the only way to earn DRV is by trading, depositing, and inviting.

Those who staked & locked their LYRA before the snapshot, receive a pro-rata percentage of a separate allocation of the DRV Airdrop based on their Holder Points.

Please note that participants must abide by the Terms of Use or risk exclusion from the DRV Airdrop and exclusion from trading on the Derive protocol. The terms of use include but are not limited to trading from restricted regions and prohibitions of inorganic trading activity (e.g., gaming points).