Derive publishes DRV token economics governance proposal, plans to issue tokens in the fourth quarter
2024-09-05 05:04:59
On September 5th, the derivatives agreement Derive (formerly Lyra) released a proposal for the governance of DRV token economics. The DRV token is scheduled to be launched in the fourth quarter, with a total supply of 1 billion tokens. LYRA/stkLYRA holders will have a 1:1 DRV token claim, and the number will be determined by the balance at the time of snapshot shooting. DRVs will be issued on the Ethereum mainnet, most of which will be claimed across the chain to Derive L2, and can be pledged as stDRV (only on Derive L2), and only stDRV can participate in the governance.
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