The Derive Protocol allows users to earn rewards by depositing collateral, trading, and referring friends.
By participating, users can collect DRV points, which will be used to determine their share of DRV tokens in an upcoming airdrop scheduled for Q4 2024.
Each action, such as trading and depositing, helps accumulate points.
Additionally, users can refer others to earn a portion of their referrals’ DRV and USDC fees.
The program also features a weekly reward of 15,000 OP tokens, distributed based on trading fees, and special OP bonuses for reaching milestones.
Time to complete: Variable depending on tasks
Risk Level: Low
Investment required: Trading fees
Connect your wallet
1. Visit the Derive airdrop page.
2. Connect your Ethereum wallet to participate.
Earn DRV by trading
• Earn 10,000 DRV points for every $1 in trading fees paid.
• A share of 15,000 OP tokens is distributed weekly based on trading activity.
Earn DRV by depositing collateral
• Earn 1 DRV point per day for every $1 deposited in vaults or trading accounts.
• Boost your points by using partner protocols like EtherFi, Swell, and Kelp.
Refer friends to earn DRV and USDC
• Get 20% of your referral’s DRV points and 10% of their referrals’ points.
• Receive 10% of your referred user’s USDC fees (up to $200,000 fees paid per user).
• Earn 50 OP tokens when your referral pays over $100 in fees (subject to availability).
Derive Protocol, formerly known as Lyra, is an Ethereum Layer 2 rollup built on the OP Stack and governed by a DAO. It focuses on decentralized finance (DeFi) and offers tools for trading, deposits, and account management. Derive raised $6.3 million in angel funding and is currently running a DRV airdrop campaign. The protocol aims to provide an efficient, scalable DeFi infrastructure, allowing users to earn through participation in its ecosystem. With its recent rebranding and focus on governance, Derive is set to grow its decentralized financial offerings.