BlockBeats news, December 4, Ethena announced on social media that Derive (DRV) will be launched on January 15 next year, with 5% of the supply allocated to sENA stakers.
BlockBeats previously reported that Ethena announced a partnership with Derive yesterday, and Derive has introduced sUSDe as collateral in the protocol, building the first on-chain structured product for sUSDe. As part of this collaboration, the Ethena Foundation provided Derive with millions of dollars in funding.