Derive (DRV) is the native token of the Derive Protocol, a decentralised and capital-efficient trading platform for derivatives built on Ethereum and its Derive L2 rollup. DRV facilitates governance, incentivises trading, and supports the protocol’s sustainability through staking rewards and buyback mechanisms. Developed by the former Lyra team, Derive aims to provide a modular and scalable solution for decentralised derivatives trading.
