Derivatives ($DRV) Token Airdrop Information
Derive ($DRV) is a self-managed, high-performance cryptocurrency trading platform for options, perpetual, and spot trading, secured by Ethereum and built on bullish rollups managed by the Derive DAO. How can participants receive airdrop rewards? The following is the Derive ($DRV) token airdrop guide.
Check out our step-by-step guide!
What is derivation ($DRV)?
Derive is a self-managed, high-performance cryptocurrency trading platform for options, perpetual, and spot trading. It operates on optimistic rollups secured by Ethereum and managed by Derive DAO. Derive’s main features include:
- derived chain: A payment layer for transactions built on the OP stack and protected by Ethereum.
- Protocol Derivation: Unlicensed, self-managed margin trading is possible for perpetual, options, and spot.
- derivative exchange: This is an order book that efficiently matches orders and settles them on Derive Protocol.
- cross margin: Utilize all asset balances as collateral across all perpetual and options positions within a subaccount.
- Cross-asset collateral: Strategies such as selling BTC calls with WBTC collateral by supporting various underlying assets as collateral are possible.
- portfolio margin: Uses a scenario-based model to determine margin requirements based on the maximum potential loss of the entire portfolio.
- DRV Token: A derivative utility token essential to the platform ecosystem acquired through trading activities, staking, and governance participation.
- Platform accessibility: A self-managed platform where users maintain control over their private keys and funds.
- Automated Market Maker (AMM): Provide liquidity from decentralized exchange pools and earn fees from trading activity.
How to receive Derivatives ($DRV) token airdrop
Time needed: 25 minutes
Instructions on how to receive the Derivatives ($DRV) token airdrop.
- Link to Derivation
Go to Derivatives and connect your wallet
- Derivatives Trading
Earn OP and DRV allocations by trading options and perpetual contracts at Derive. For every dollar you spend (after subtracting the base fee), you earn 10,000 DRV points. If you are among the top 25 traders on even weeks, you will also earn double commissions.
- Deposit tokens on Derive
When you deposit tokens on Derive, you will earn 1 point per US$1 deposited per day.
- invite friends
Invite your friends with a referral code to earn USDC, OP, and DRV. For every trader you refer, both you and the trader will receive an OP bonus of 50, a 10% referral fee paid in USDC, a 20% referral fee paid in DRV, and a secondary referral fee of 10% paid in DRV.
- How to Claim Derivatives ($DRV) Token Airdrop
Go to https://www.derive.xyz/home and click “Claim airdrop” in the top right corner. Enter your wallet address and click ‘Confirm’.
- Stake and delegate airdropped $DRV tokens
You may choose to sell your derivative ($DRV) tokens on the market. However, this means you will not be able to receive compensation in the future. On the other hand, you can earn $stDRV rewards by staking or delegating airdrop ($DRV) tokens. To stake $DRV, go to the staking page, select the amount you want to stake and confirm the transaction.
