#Derive Chain Adds New Liquidity Source#
Hot Topic Overview
Overview
Derive Chain recently announced that it will provide liquidity for its DRV token through Aerodrome and use LayerZero's OFT standard to enable cross-chain transfer. This means that DRV tokens will be able to circulate between Derive Chain, Base, and over 100 other chains from day one, bringing more liquidity sources to Derive Chain. Previously, Derive announced that it would launch the DRV token in January and allocate 5% of its supply to sENA stakers. These initiatives demonstrate that Derive is actively expanding its ecosystem and creating more possibilities for its token circulation and application.
Ace Hot Topic Analysis
Analysis
On-chain options protocol Derive has announced that Aerodrome will provide liquidity for its native token DRV on the Derive Chain, using LayerZero’s OFT standard to enable DRV to be cross-chain from day one across Derive Chain, Base and over 100 other chains. This means Derive will leverage Aerodrome’s liquidity pools to support trading of its native token DRV, and achieve cross-chain interoperability through the OFT standard, providing broader liquidity and accessibility for the DRV token. This move indicates Derive is actively seeking to expand its ecosystem and provide a more convenient trading experience for its users. In addition, Derive has announced that it will allocate 5% of the DRV token supply to sENA stakers, further incentivizing users to participate in its ecosystem. Overall, these initiatives from Derive demonstrate its commitment to building a stronger, more liquid ecosystem, and providing its users with a broader range of trading and investment opportunities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
DeriveChain will use LayerZero's OFT standard to enable DRV token cross-chain transfer.
Aerodrome will be the source of liquidity for DRV on-chain.
DRV token will be cross-chain from day one on Derive Chain, Base and over 100 chains.
Derive will launch DRV token in January, with 5% of the supply allocated to sENA stakers.