Ethena: Derive (DRV) to Launch on January 15th Next Year

BlockBeats News, December 4th, Ethena posted on social media that Derive (DRV) will launch on January 15th next year, with 5% of the supply allocated to sENA stakers.

BlockBeats previously reported that Ethena announced a partnership with Derive yesterday. Derive has introduced sUSDe as collateral into the protocol and built the first on-chain structured product for sUSDe. As part of this collaboration, the Ethena Foundation has provided Derive with millions of dollars in funding.