#Derive Chain Secures Liquidity Support#
Hot Topic Overview
Overview
On-chain options protocol Derive announced a partnership with Aerodrome to provide liquidity support for its native token, DRV. DRV will utilize LayerZero's OFT standard for cross-chain transferability, enabling it to circulate between Derive Chain, Base, and over 100 other chains from day one. This move will provide wider liquidity for DRV and facilitate its application across more chains. In addition, Derive plans to launch the DRV token in January and allocate 5% of its supply to sENA stakers. These initiatives demonstrate Derive's active efforts in building its ecosystem and laying the foundation for the future development of its native token.
Ace Hot Topic Analysis
Analysis
On-chain options protocol Derive announced that Aerodrome will provide liquidity support for its native token DRV, and will adopt LayerZero's OFT standard, enabling DRV tokens to be cross-chain from day one between Derive Chain, Base, and over 100 other chains. This means Derive will leverage Aerodrome's liquidity pools to facilitate DRV trading and circulation, and achieve cross-chain interoperability through the OFT standard, providing users with a more convenient trading experience. In addition, Derive will allocate 5% of the DRV token supply to sENA stakers, further incentivizing users to participate in its ecosystem. This series of measures indicates that Derive is actively building a liquid and interoperable ecosystem, providing users with richer trading and investment opportunities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
DeriveChain will implement LayerZero's OFT standard to enable DRV token cross-chain transfers.
Aerodrome will provide liquidity support for the DRV chain.
DRV token will be cross-chain from day one on Derive Chain, Base, and over 100 chains.
Derive will launch the DRV token in January, with 5% of the supply allocated to sENA stakers.