Derive has just announced its last round of the airdrop initiative, aiming to reward traders with DRV and OP tokens.
In Brief
In a recent announcement, Derive revealed an exciting airdrop campaign, which enables users to accumulate tokens through various activities such as trading, yield farming, and referring friends to join the platform.
A decentralized platform specializes in options and perpetual contracts. Derive Starting at 12:00 AM UTC on September 18th, (DRV) will kick off an airdrop that allows users to earn tokens through trading, yield farming, and bringing new participants aboard. This is an opportunity not to be missed!
Users will earn points based on the trading fees they generate from options and perpetuals, translating into rewards in Optimism's tokens and DRV allocations. Specifically, for every dollar spent in fees, users will rack up 10,000 DRV points. Furthermore, the distribution of OP incentives is directly tied to the fees produced. OP token Importantly, the top 25 traders each week will see their fees double-counted, significantly amplifying their potential earnings.
Moreover, users can accumulate additional points depending on the size of their deposits into vaults. For every dollar placed in the vault, they will earn one point for each day that the funds remain there. The point system is based on the overall account value within the platform's ecosystem.
Users can also enjoy bonuses by bringing new traders to the platform. For each successful referral, both the existing user and the newcomer will be awarded a bonus of 50 OP tokens. Additionally, the referrer stands to earn a juicy 10% of the fees made in USDC, 20% from DRV fees, and 10% from any secondary DRV fees that occur.
To be eligible for these rewards, the referred trader must register using the referrer's link, deposit funds into their account on the exchange, and execute trades. A minimum of $100 in fee generation is required to qualify for the OP bonus.
In addition to these measures, Derive intends to leverage the OP bonus as a means to acknowledge and reward the supporters of the project.
Participate in trades on Derive to secure your part of the last prelaunch allocation of DRV tokens. Each trade will also earn a slice of a weekly allocation of 10,000 OP tokens based on the fees incurred.
What Is Derive?
Previously known as Lyra Uniquely, Derive stands out as the sole protocol within the DeFi realm that enables on-chain settlements of both options and perpetuals at the same time, while also allowing cross-margin and cross-asset collateral usage. This distinctive approach permits the creation of a wide range of yield-generating derivative structures, including basis trades and covered calls, utilizing LRTs and various other tokens. Optimism network and leverages Synthetix Please understand that the content on this webpage is not intended to serve as legal, tax, investment, financial, or any other type of advice. It's crucial to invest only what you can afford to lose and to seek independent financial counsel if you're unsure. For more details, it's advisable to consult the terms and conditions, as well as the help sections provided by the issuer or advertiser. MetaversePost is dedicated to providing accurate and unbiased reporting; however, market conditions can shift unexpectedly.
Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proof constructs, investment opportunities, and the vast potential of Web3. With her insightful perspective on emerging trends and technologies, she delivers in-depth articles that engage and inform readers about the rapidly changing world of digital finance.
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