Alright dad joke time
How many shurikens could you find on a ninja?
None, theyd all be in you! 😁
If you're into ninjas/samurai (or picking alphas) there's an eternal battle raging at the @OneShogunCom discord come and pick your side! https://t.co/F7vgLBGWcp
#GameFi#PlayToEarn
Starting now, the Derive DAO will begin buying back $DRV on the open market.
The buyback will begin with $205,990, equivalent to 25% of the fees generated in January so far.
As per the DRV Launch proposal, this buyback will continue indefinitely.
Excited to announce @derivexyz, the largest onchain options protocol, is partnering with @ethena and joins the Ethena Network alongside @etherealdex.
Derive is building options & structured products on USDe, leveraging Ethena liquidity and USDe composability to uniquely enable new financial primitives.
In addition, 5% of $DRV supply will be allocated to sENA stakers alongside the existing @etherealdex points.
Grants are back!
Derive is launching a Builder Grants program supported by the Optimism Governance Fund.
This initiative will reward community contributions and drive growth on Derive L2, focusing on technical integrations, infrastructure development, and liquidity incentives.
Learn more: https://t.co/kIkDylXgBo
.@derivexyz's onchain derivatives market is setting records in terms of $BTC options trading volume ahead of the U.S. election. Reports @godbole17.
https://t.co/aJrZiQuhCk
If you held LYRA into the DRV migration, you are now eligible for a 2.5% boost on your deposit by prestaking!
➤ Head to https://t.co/5z5v9vuc4A
➤ Connect your wallet and nominate your tokens for prestaking
➤ Deposit and gain a 2.5% boost on your deposit on TGE
Variable-rate lending has arrived on Derive
You can now borrow USDC at 3.1% on Derive against: cbBTC, LBTC, weETH, rsETH, rswETH, sUSDe, USDe and sDAI.
Key features include;
➤ Competitive rates and LTVs across a variety of yield-bearing collaterals.
➤ The ability to borrow USDC or open perps and options positions against these collaterals for maximum capital efficiency.
Borrowing and lending have always been built into Derive’s protocol, but the updated UI makes these features more accessible and user-friendly. Every collateral added to Derive automatically benefits from perps and options margin, USDC borrowing, and spot trading (coming soon).
Maximize your capital efficiency 🐎 https://t.co/Oz8ccAGmj0
This week: 10,000 OP and many new trading features!
New Features
1. Exchange now accepts; cBTC, LBTC, weETH, rswETH, rsETH, sUSDE and sDAI as collateral.
2. Lending is live! Borrow USDC at 3.1% against a range of collaterals.
3. TradingView integration is live!
Trading Incentives
1. 10,000 OP to trading fees pro-rata.
2. Top 25 traders receive a 2x OP multiplier.
3. Top 50 traders receive a 1.5x OP multiplier.
Referral Rewards
1. Earn 20% of your referred users' DRV and 10% of their referred users' DRV.
2. Earn 10% of referred users' fees paid in USDC, up to $200,000 fees per user.
3. You and your referred users earn a 50 OP bonus when they surpass $100 in fees paid (subject to availability).
Ever thought about unlocking new potential with your Bitcoin? Now you can.
Derive now accepts @coinbase Wrapped BTC (cbBTC) as collateral for trading options and perpetuals (available to only non-US users subject to our terms of use). For the first time, use your Bitcoin holdings directly in DeFi trading without sacrificing security or liquidity.
cbBTC is backed 1:1 by BTC held securely by Coinbase, a trusted custodian with experience safeguarding billions in Bitcoin. With cbBTC on Derive, you can:
• Use your Bitcoin to explore new trading strategies
• Access deep liquidity while maintaining the security of your assets
• Participate in onchain applications without the usual barriers
This isn't just another asset addition—it's about enhancing what you can do with Bitcoin. We're building a future where your BTC works harder for you, unlocking financial utility previously out of reach. Trade smarter with your Bitcoin on Base.
Welcome to the DeFi Renaissance.
Amidst the remnants of past cycles, a new era unfolds; focused on building applications that users want. Derive, founded in the 2021 cycle is leading this revival.
For the first time on any CEX or DEX, traders can deposit interest-bearing assets as collateral: weETH, rswETH, rsETH, LBTC, sUSDe, and sDAI. We are dismantling the status quo where assets sit idle, putting your holdings to work.
Why is interest-bearing collateral a game-changer?
Unlocking collateral empowers traders. Earning passive yield on your collateral is bigger.
By holding interest-bearing assets, users earn rewards while borrowing against them to trade options and perpetuals, maximizing capital efficiency. With cross-asset collateral traders can execute any strategy on their restaked tokens, including basis trades and covered calls. This unlocks payoffs and yield previously unavailable.
Our vision is to create a fluid, efficient market where your assets actively participate in your trading strategy. Embracing these collaterals breaks through liquidity barriers and opens new avenues for profit and risk management.
A special thanks to the modern-day innovators of DeFi: @MikeSilagadze, @KoppKnows, @daniel_swell_, @GAmitej, @galacticminter, @JacobPPhillips, @leptokurtic_ and @RuneKek.
And their works of art: @ether_fi, @swellnetworkio, @KelpDAO, @Lombard_Finance, @ethena and @SkyEcosystem.
Join us in realizing their vision. 🐎 https://t.co/vSnWlSqmHu
I am checking out the new @Amberdataio stats section on @derivexyz and it is LOOKING GREAT! 🔥
It has:
-volatility curves
-open interest
- term structure
- option yields
- most traded instruments
Check out some pics 👇
The Final Round.
Trade on Derive to earn the last prelaunch allocation of DRV. All trades will also receive a portion of 10,000 OP every week, rewarded based on fees paid.
🐎 https://t.co/p0WX5aBOIE
LBTC is now on Derive
$LBTC holders can now access automated options strategies on @derivexyz to earn a real yield while minimizing risk.
Additionally, LBTC depositors can earn 3x DRV Points, 2x Lombard Lux, and native staking rewards.
LBTC from @Lombard_Finance is now integrated with Derive's automated vaults!
LBTC holders can now access our Safe Harvest and Maxi strategies to earn additional yield while minimizing risk.
Earn 3x DRV Points and 2x Lombard Lux rewards at https://t.co/yvT42H4BEB
Pre-deposits have just opened for the BTC vault on @derivexyz via @Lombard_Finance
This is a game-changer for earning yield on BTC.
8-30% APY on self-custodial Liquid Staked BTC (LBTC).
Sign up to derive to start earning yield 👇
https://t.co/na3KzAj44W