Question 1

What is Derive (DRV)?

Accepted Answer

Derive (DRV) is the native token of the **Derive Protocol**, a decentralised derivatives ecosystem designed to offer capital-efficient trading and risk management on the **Ethereum network** and its dedicated layer-2 solution, **Derive L2**. The protocol supports various financial instruments, including **European options**, **perpetual futures**, and **spot trading**. It operates through a modular structure with smart contracts for **asset management**, **risk control**, and **trading functionalities**. DRV serves as the foundation of this ecosystem, integrating **governance**, **staking incentives**, and **protocol growth mechanisms**.

Question 2

What is Derive (DRV) used for?

Accepted Answer

DRV is designed with multiple utilities within the Derive Protocol ecosystem:

Question 3

# 1. Governance (stDRV)

Accepted Answer

- Users can stake **DRV** into **stDRV** to participate in protocol governance.  
- Features a **28-day unlock period** or **instant unlock with a 20% penalty**.  
- Voting power is **delegable**, encouraging broad participation in decision-making.

Question 4

# 2. Staking Rewards

Accepted Answer

- Stakers earn **weekly rewards** funded by **DAO emissions**.  
- After **six months post-TGE**, rewards transition to a **buyback-funded model**.  
- This model ensures **sustainability** and supports **long-term demand**.

Question 5

# 3. Protocol Usage Incentives

Accepted Answer

- DRV incentivises **trading** and **liquidity provision**.  
- A **weekly emission pool** of up to **2,500,000 DRV** supports trading and liquidity programs.  
- **Unused rewards** are returned to the **DAO treasury**.

Question 6

# 4. Sustainable Buybacks

Accepted Answer

- **25% of protocol revenue** is used for **weekly DRV buybacks**.  
- This mechanism supports **price stability** and drives **treasury growth**.

Question 7

# 5. Trading Fee Reductions & Liquidity Programs

Accepted Answer

- **DRV holders** and **liquidity providers** benefit from **reduced trading fees**.  
- Access to exclusive **ecosystem incentives** encourages active participation.

Question 8

Who created Derive (DRV)?

Accepted Answer

Derive Protocol was developed by a team led by Sean Dawson, Dominic Romanowski, Anton Cheng, and Vladislav Abramov, with contributions from Joshua Kim, Jake Fitzgerald, Nick Forster, Timothy Gorham, and Ksett. The protocol is an evolution of the Lyra options trading platform, aiming to offer a more efficient and scalable decentralised derivatives trading experience​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	DRV-USD DRV-USD	coinbase	AA	0.4095USD	1.14%	3,467,159.30DRV	3,799	0.4048USD	0.4274USD
2	DRV-USD DRVUSD	kraken	AA	0.4108USD	1.32%	2,259,914.32DRV	2,992	0.4054USD	0.4177USD
3	DRV-USDT DRV_USDT	gateio	A	0.4102USDT	1.48%	1,721,957.40DRV	5,193	0.4043USDT	0.4150USDT
4	DRV-EUR DRVEUR	kraken	AA	0.3665EUR	0.80%	173,144.49DRV	160	0.3636EUR	0.3698EUR
5	DRV-KRW KRW-DRV	upbit	B	553.00KRW	0.73%	3,906,305.34DRV	3,683	549.00KRW	560.00KRW
6	DRV-USDT drv_usdt	lbank	C	0.4102USDT	1.38%	2,628,599.15DRV	85,473	0.4046USDT	0.4141USDT
7	DRV-USDC DRVUSDC	hyperliquid	-	0.4103USDC	1.24%	1,484,179.78DRV	6,047	0.4052USDC	0.4149USDC
8	DRV-KRW DRV_KRW	bithumbkorea	-	547.00KRW	1.11%	377,276.64DRV	810	541.00KRW	559.00KRW
9	DRV-EUR DRV-EUR	bitvavo	B	0.3662EUR	1.15%	134,061.98DRV	557	0.3621EUR	0.3726EUR
10	DRV-USDT USDT-DRV	upbit	B	0.4022USDT	0.00%	0DRV	0	0.4022USDT	0.4022USDT
11	DRV-BTC BTC-DRV	upbit	B	0.0₅4780BTC	0.00%	0DRV	0	0.0₅4780BTC	0.0₅4780BTC
12	DRV-USDT DRVUSDT	coinex	C	0.3883USDT	0.00%	0DRV	0	0.3883USDT	0.3883USDT