Gate News Bot message, on October 14, according to CoinMarketCap data, as of the time of writing, DRV (Derive) is currently priced at 0.06 USD, rising 39.95% in the last 24 hours, with a peak of 0.06 USD and a low of 0.04 USD. The current market capitalization is approximately 43.5 million USD, having increased by 12.4 million USD compared to yesterday. Currently, DRV ranks 593rd in global Crypto Assets market capitalization. Recent important news about DRV: 1️⃣ **Derive co-founder proposes to increase the issuance of tokens by 50%** One of the co-founders of the Derive project recently proposed a significant initiative to increase the supply of DRV tokens by 50%. If this proposal is approved, it will dilute the shares of existing token holders by approximately 33%. This move has sparked intense discussions within the community, with some investors expressing concerns about

According to Gate News bot and a report by Cointelegraph, the Decentralized Finance platform Synthetix announced the cancellation of its acquisition plan for the encryption options platform Derive. The plan initially involved 27 million dollars, proposing a 1:27 ratio for the exchange of SNX and DRV tokens. Members of the Derive community have questioned the acquisition, with key concerns including the token conversion ratio and the overall benefits of the acquisition. Some users have pointed out that Derive's actual revenue exceeds that of Synthetix, and that the protocol does not limit the dilution value of Synthetix's additional tokens. Ben Celermajer, head of strategy at Synthetix, said that while some community members supported the deal, the two parties had decided to terminate the acquisition to facilitate collaboration due to the lack of expected support.

According to the Gate.io News bot and a report by Cointelegraph, the DeFi platform Synthetix is advancing its plans to repurchase the encryption options platform Derive. According to the SIP-415 proposal, Synthetix will complete this transaction by issuing 29.3 million SNX Tokens at an exchange rate of 1 SNX to 27 DRV(, valued at approximately 27 million USD. These Tokens will have a 3-month lock-up period, followed by a 9-month linear unlocking. Derive originated from the Lyra project within the Synthetix ecosystem and was independently spun off in 2021. After the completion of this buyback, Synthetix will integrate Derive's front-end technology and RWA expertise. Currently, this trading proposal still needs to be approved by a vote from both communities.

BlockBeats news, on January 15th, on-chain options protocol Derive announced on social media that the Airdrop DRV and stDRV query pages have been launched. The distribution includes Snapshot.

BlockBeats News, on January 14th, on-chain Options protocol Derive announced that Aerodrome will become the DRV on-chain Liquidity source, and DRV Token will adopt LayerZero's OFT standard, enabling Cross-Chain Interaction between Derive Chain, Base, and more than 100 chains from day one. Earlier news, Derive will launch DRV Token in January, with 5% of the supply allocated to sENA.

ChainCatcher news, according to official sources, on-chain Options protocol Derive (formerly known as Lyra) announced that DRV Token will be launched on January 15, 2025. Ethena Labs officially stated that 5% of the DRV Token supply will be allocated to sENA.