The focus of this article:
Derive, an on-chain option and contract trading platform, will allocate 5% of tokens to sENA holders
Derive provides an additional 2.5% airdrop to users who have pledged more than 10k USDe/sUSDe on Derive and whose trading volume exceeds 1m. (Top 1,000 traders)
Derive token $DRV will be launched on January 15, 2025
On December 3, Ethena issued an announcement announcing a cooperation with Derive. In this cooperation, Ethena will fund Derive millions of dollars, and Derive will provide 5% of the token share to sENA holders.
At this stage, you can already check your Derive points at the "sENA" link on the Ethena platform.
What is Derive?
Derive is an on-chain derivatives platform. Its products include options, perpetual contracts, spot trading and lending, with a TVL of more than $80 million. Derive’s investment and financing lineup includes Framework Venture, ParaFi Capital, and founders of well-known protocols (Derive community also mentioned that it is supported by GSR and Bodhi Ventures).
How to get Derive points to share the 5% airdrop in Ethena?
On the Ethena web page, click on the "sENA" page and stake the ENA in your wallet into sENA to earn Derive points. If you choose to lock sENA, you can earn points with a higher multiplier. (As shown in the picture above)
Can I earn Ethena airdrop points on Derive?
Derive has supported depositing sUSDe as collateral. By executing ETH option transactions, the current rate of return is 32.23% APY, and 5% of Ethena airdrop points Sats can be obtained.
In the future, USDe will be supported as collateral to earn 20x Ethena airdrop points Sats.
Incentives for the Ethena community
Users who stake more than 10k USDe/sUSDe on Derive and have a trading volume of more than 1m will be able to share 2.5% of the $DRV airdrop.
Summarize
Since Derive has officially announced the token issuance on January 15, 2025, the timeline is clear, and the investment and financing lineup is also of a certain level, the points airdrop income is more guaranteed, which is suitable for those who want to get the airdrop income in the short to medium term. Friends participate.
However, in view of the recent continuous rise in the price of ENA currency, users must also note that there is a cooling-off period for un-placing and unlocking ENA. After locking and pledging, you will not be able to withdraw assets for trading as you wish!
While everyone is earning sENA's attractive multiple points income, you still need to evaluate whether you have short-term trading needs.
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※Partners who want to participate in the Ethena Season 3 airdrop to earn $ENA can use my code:
eu54u
※None of the above content constitutes investment advice. Users are advised to operate according to their own risk tolerance and DYOR participate in the investment market with caution.
※The attached picture is taken from Ethena and Derive announcements