News list for "Derived"
The on-chain option protocol Derive said on the social platform that it has launched the airdrop DRV and stDRV query pages. The distribution includes LYRA for snapshots, pre-pledge rewards, migration rewards, and trading and deposit rewards.
On January 14, Derive, an on-chain options agreement, announced that Aerodrome will become a source of liquidity on the DRV chain, and DRV will adopt LayerZero's OFT standard, enabling DRV tokens to cross chains between Derive Chain, Base, and more than 100 chains from day one. Previously, it was reported that Derive will launch DRV tokens in January, with 5% of the supply allocated to sENA pledgers.
Nick Forster, founder and cryptocurrency analyst at Derive, said: "BTC is still a meme asset, and market psychology tends to attract the attention of a wider audience, thereby attracting new market participants and changing the views of existing players, which leads to further volatility and potential upside, so it is unlikely to see excessive consolidation around the 100,000 dollar." Cryptocurrency trader Matthew Hyland echoed a similar sentiment, saying that bitcoin is expected to rise to the ...
An institution has hedged $25 million on Derive's on-chain bitcoin options market, betting that bitcoin will continue to rise after the Nov. 5 U.S. election. The deal involves a long options strategy that targets bitcoin prices to $80,000 by Nov. 29, making it the largest on-chain options trade linked to the U.S. election to date. The agency bought 100 call-over options at $70,000 while selling 200 call options at $80,000 and 100 put periods at $50,000.
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