According to Gate News bot and a report by Cointelegraph, the Decentralized Finance platform Synthetix announced the cancellation of its acquisition plan for the encryption options platform Derive. The plan initially involved 27 million dollars, proposing a 1:27 ratio for the exchange of SNX and DRV tokens. Members of the Derive community have questioned the acquisition, with key concerns including the token conversion ratio and the overall benefits of the acquisition. Some users have pointed out that Derive's actual revenue exceeds that of Synthetix, and that the protocol does not limit the dilution value of Synthetix's additional tokens. Ben Celermajer, head of strategy at Synthetix, said that while some community members supported the deal, the two parties had decided to terminate the acquisition to facilitate collaboration due to the lack of expected support.

According to the Gate.io News bot and a report by Cointelegraph, the DeFi platform Synthetix is advancing its plans to repurchase the encryption options platform Derive. According to the SIP-415 proposal, Synthetix will complete this transaction by issuing 29.3 million SNX Tokens at an exchange rate of 1 SNX to 27 DRV(, valued at approximately 27 million USD. These Tokens will have a 3-month lock-up period, followed by a 9-month linear unlocking. Derive originated from the Lyra project within the Synthetix ecosystem and was independently spun off in 2021. After the completion of this buyback, Synthetix will integrate Derive's front-end technology and RWA expertise. Currently, this trading proposal still needs to be approved by a vote from both communities.

BlockBeats news, on January 15th, on-chain options protocol Derive announced on social media that the Airdrop DRV and stDRV query pages have been launched. The distribution includes Snapshot.

BlockBeats News, on January 14th, on-chain Options protocol Derive announced that Aerodrome will become the DRV on-chain Liquidity source, and DRV Token will adopt LayerZero's OFT standard, enabling Cross-Chain Interaction between Derive Chain, Base, and more than 100 chains from day one. Earlier news, Derive will launch DRV Token in January, with 5% of the supply allocated to sENA.

ChainCatcher news, according to official sources, on-chain Options protocol Derive (formerly known as Lyra) announced that DRV Token will be launched on January 15, 2025. Ethena Labs officially stated that 5% of the DRV Token supply will be allocated to sENA.

Ethena announced a partnership with Derive to launch Digital MoneyDRV, with 5% of supply allocated to sENA stakers. This partnership will introduce collateralized sUSDe and create the first on-chain structured product. Ethena is also providing millions of dollars in funding.

Derive collaborates with Ethena to upgrade. Derive introduces sUSDe as Collateral into the protocol and builds the first on-chain structured product for sUSDe. Ethena provides millions of dollars in funding to Derive. This collaboration is an expansion of the existing partnership, which will bring more financial primitives and liquidity support to developers. At the same time, sENA holders will receive 5% of the DRV Token supply.

Derive, the Block-Chain Options Protocol, has partnered with Ethena and joined the Ethena network. Derive has added sUSDe as Collateral and built its first on-chain structured product. The Ethena Foundation is providing them with millions of dollars in funding. sENA holders will be eligible to align with Derive DAO and receive 5% of DRV Token's supply.

Derive is launching a new Token DRV to support the Derivatives ecosystem, which will be launched on the ETH mainnet and mostly bridged to Derive L2 for users to claim. Users need to stake DRV as stDRV to participate in governance, with a 28-day unlocking period and stake rewards. The governance system will be implemented on the Derive chain, with a maximum weekly allocation of 1.15 million DRV for stake rewards, halving after 6 months. There are also 2.5 million DRV available for incentivizing protocol usage, and users can choose to pre-stake to receive rewards.

BlockBeats news, on August 28, according to official sources, Derivativesprotocol Lyra announced a name change to Derive, and will announce DRV-related updates on September 4, and will disclose roadmaps, partnerships, and other information in the coming weeks.