$DRV

Michael Spain

• 1 min read
$DRV

$DRV Has Arrived: The Post-Launch Guide

Welcome to the next chapter of Derive. The $DRV token is live, and here’s everything you need to know to claim, stake, and maximize its potential.

How to Claim Your DRV

Check Your Allocation
Visit the dApp to preview your allocation: derive.xyz/airdrop

Your allocation includes:

  1. Snapshotted LYRA
  2. Pre-staking rewards
  3. Migration bonuses
  4. Claim Options
    • Claim DRV directly for flexibility and liquidity.
    • Claim and stake as stDRV to unlock weekly rewards and governance rights.
Note: stDRV has a 28-day unlock period. There is a 25% bonus for staking DRV at the airdrop.

Staking and Governance

  • Stake your DRV to receive stDRV and participate in Derive’s governance.
  • Delegate your voting power to up to five representatives.
  • Governance on Derive Chain allows you to shape the future of DeFAI.

Where Can You Use DRV?

  1. On Derive Chain
    Stake DRV for rewards and governance.
  2. Bridge to Ethereum
    Use DRV for centralized exchange deposits. Supported on Kraken and Gate.io.
  3. Bridge to Base and provide liquidity on Aerodrome.
  • Incentives Duration: Jan 15, 00:00 UTC – Jan 28, 23:59 UTC
  • Total Incentives: 2 million DRV
  • Pool Breakdown:
    • DRV/ETH Full Range – Off-chain rewards (no bribes).
    • DRV/ETH CL200 – Off-chain rewards plus bribes for enhanced emissions. Must also be in range.

Full details: https://blog.derive.xyz/liquidity-incentives-on-aerodrome-everything-you-need-to-know/

How Does Bridging Work?

  • Use LayerZero’s OFT standard for seamless interoperability.
  • Withdraw DRV from your funding account on Derive Chain and bridge to Ethereum or Base.
  • Instructions for bridging will be available in the help docs.

Key Token Addresses

Always verify token addresses before interacting:

  • Ethereum: 0xB1D1eae60EEA9525032a6DCb4c1CE336a1dE71BE
  • Base: 0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d083
  • Derive Chain: 0x2EE0fd70756EDC663AcC9676658A1497C247693A

Giddy up 🐎