$ENA
Option agreement Derive (formerly Lyra) announced a partnership with Ethena and officially joined the Ethena Network.
As part of the collaboration, the Ethena Foundation provided Derive with millions of dollars in grants. Derive has established sUSDe as collateral on Derive and created the first on-chain structured product for sUSDe.
sENA token holders will be eligible to receive 5% of the DRV token supply from Derive DAO.
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 value of over $80 million, serving more than 50,000 users.
