Ethena Foundation provides millions of dollars in grants to Derive, sENA holders will receive 5% of DRV

CoinVoice has recently learned that the options protocol Derive (formerly known as Lyra) has announced a partnership with Ethena, officially joining the Ethena Network. As part of the collaboration, the Ethena Foundation has provided Derive with millions of dollars in grants, while sENA token holders will be eligible to receive 5% of the DRV token supply from Derive DAO.

It is reported that Derive currently holds over 75% of the on-chain options market share, with a weekly trading volume of approximately $250 million and a total locked amount exceeding $80 million, boasting over 50,000 users. [Original link]