Derive

The Derive Protocol consists of a suite of smart contracts located on Derive L2, an Ethereum rollup built on the OP Stack and managed by its DAO. This protocol is structured around three principal elements: subaccounts, managers, and assets.

Formerly known as Lyra, Derive has successfully secured $6,3 million from a recent round of angel investing. Presently, they are hosting an airdrop campaign inviting users to deposit, trade, and invite new users to receive rewards in DRV, OP, and USDC.