Derive has released a governance proposal for DRV token economics, planning to issue tokens in the fourth quarter

News on September 5, the derivative agreement Derive (formerly Lyra) released a DRV token economics governance proposal. The DRV token is planned to be launched in the fourth quarter, with a total supply of 1 billion. LYRA/stkLYRA holders will have a 1:1 claim right for DRV tokens, and the quantity will be determined by the balance at the time of snapshot shooting. DRV will be issued on Ethereum mainnet, most of which will cross-chain to Derive L2 for claiming and can be pledged as stDRV (only on Derive L2), and only stDRV can participate in governance.