Derive is a decentralized derivatives exchange (DEX) offering scalable, efficient cross-chain trading solutions. Users can trade derivatives with deep liquidity across various blockchain networks while earning $DRV and $OP token rewards. The active farming phase runs until January 15, 2025, when points will be converted into tokens. Points can be earned by trading, locking liquidity, and inviting referrals, making this a lucrative opportunity for active traders. The platform has raised $6.6 million from emerging funds, positioning itself as a promising player in the decentralized finance (DeFi) ecosystem.
Cost to participate: ~$100 (for liquidity and trading)
Time to complete: 1 hour
Risk level: High
Register on Derive:
Deposit funds:
Choose any supported network and click Deposit to fund your account.
Start trading:
Earn points by staking liquidity:
Invite referrals:
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.