Derive (DRV)

100% in favour of this proposal as a $DRV holder and staker. Buying more $DRV here @ $0.065

Staking emissions and duration were outdated in both duration and quantity and unnecessarily high compared to $HYPE for example. Significantly comfier staking on a 7 day lockup; a month can be an entire bull market in crypto. Annually, 7.8m fewer $DRV hitting the market as staking emissions is obviously good too.

I also think 35% is the correct current buyback % for a protocol at this stage in development. Ample budget for partnerships, incentives, growth, reinvestment, but also significant alignment with tokenholders.

The signal here is the teams communicating commitment to increasing value accrual to $DRV. Obviously a 40% increase in token buybacks is massive and should instantly rerate the token when passed, but the implications are that the buyback % could also increase as @DeriveXYZ matures. For example, buyback % might be north of 50% if $DRV were a $1bn FDV protocol with less need for growth budget.

In a m

🎙️ New @Edge_Pod

🤗 Why Onchain Options Are Finally Working: Derive's 90% Market Share and What's Next?

0:00 - Intro
2:27 - Betting on onchain options in 2021
4:10 - Largest onchain options exchange
5:28 - Building “the infinite payoff factory”
11:59 - Why they never pivoted to perps
14:00 - The inflection point
16:37 - How RFQ works for size
18:04 - Yieldmageddon
22:19 - Vaults to be built on Derive
24:17 - Is there an LP pool-style product?
25:17 - From Lyra's AMM to Derive's CLOB
28:20 - What markets are live today?
29:09 - Which networks Derive supports
30:26 - HYPE options driving new growth
31:36 - What if HL launched options?
35:53 - Options have strong network effects
39:17 - RWA options markets coming
44:14 - Who trades on Derive?
46:13 - Growth charts
48:43 - Why options are countercyclical
51:09 - All value flows to DRV
55:08 - Synthetix’s acquisition proposal
57:43 - How big can Derive get?
1:00:27 - What's next?
1:02:03 - Closing

🙏 Thanks to @DeriveXYZ CoFounder & CEO @itseneff for joining us