The Derive Protocol is a collection of smart contracts on Derive L2, an Ethereum rollup on the OP Stack governed by the DAO. There are three main components to the Protocol: subaccounts, managers and assets.

Lyra is now Derive and has raised $6.3 million in a recent angel fund raising. They are currently running an airdrop program where users can deposit, trade and refer friends to earn DRV, OP and USDC.

Step-by-Step Guide:

• Visit the Derive airdrop page.
• Connect your wallet address.
• You can earn DRV points by trading and depositing collateral.
• DRV will be rewarded based on the your share of DRV points.
• You can also earn free points by inviting your friends.
• The DRV airdrop is scheduled for Q4 2024.
• A total of 15,000 OP tokens are allocated for the airdrop alongside the DRV points.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!