Derive completed a new round of funding on 2024-09-12.

Currently, ethena is conducting airdrops in the fourth season. Deposit ENA and lock it into sENA to quickly earn points 🔗 While earning ena points, you will also earn points for 4 other projects, namely Ethereal, Derive, Echelon, and Terminal 🔗 DONE! Earn points happily 😁

Traders on the decentralized exchange Derive.xyz are using put options to hedge against potential Bitcoin price declines, making up over 70% of recent trading volume. In contrast, Deribit traders are shifting towards bullish positions on Bitcoin while maintaining optimistic views on Ethereum ahead of upcoming events.

While Bitcoin and Ethereum remain stagnant, smaller altcoins like Fair and Free, Derive, and Kled AI show impressive gains. Fair and Free surged 55.9% due to rebranding, Derive rose 46.4% ahead of product launches, and Kled AI saw a 32.9% increase driven by marketing and a token burn. Caution is advised as rapid gains can lead to corrections.

#DRV# synthetically this coin is gonna perform well before ending of next week, mark my word

Synthetix and Derive canceled the $27 million merger Synthetix, a platform for creating synthetic assets, and Derive, a decentralized options protocol, have abandoned a $27 million merger deal. "After discussion and analysis of community feedback, it was decided not to merge," Derive reported. According to the original plan, Synthetix wanted to reintegrate Derive, exchanging DRV tokens for SNX at a ratio of 27:1. For this, 29.3 million SNX had to be released, which raised concerns about the possible devaluation of existing tokens. Both sides developed proposals for improving the protocols. Critics noted that Derive, whose revenue in recent weeks has outpaced Synthetix, was undervalued in the deal. Synthetix's market capitalization is $1.1 billion, while Derive is valued at $27 million. Participants also called the exchange conditions unfair for DRV holders.#BTC##NADA##ETFH##BNBUSDT $BNB ##XRPUSDT $XRP #