Announcements Derive (DRV) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Derive (DRV) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

2025-01-20 07:39:02 UTC 5276 Read

DRV/USDT -5.78%

[//]:content-type-MARKDOWN-DONOT-DELETE
Derive (DRV) is now live on Gate.io Launchpool! Stake supported assets to earn DRV token rewards every hour!

**1.Introduction to Derive (DRV)**
Derive is bringing the options market onchain - we have built a monopoly with over (>70% market share) and we’re experiencing rapid growth (currently 120m TVL, 70k users and 400k wallets eligible for airdrop).
The size of the market today is $200 billion and this will grow to $5 trillion over the next 3 years as more RWAs are issued onchain, and the onchain economy constitutes a significant share of financial flows globally.
Composability with Major Partners: Largest DeFi protocols (Ethena, EtherFi, Lombard) using Derive to increase the utility of their tokens. We onboard interest bearing collateral faster than anyone else on the market.
Website: <a href="https://www.derive.xyz/" rel="nofollow noopener noreferrer" target="_blank" >https://www.derive.xyz/</a>

**2.Derive (DRV) Mining Rules**
(1) Staking Period: 08:00 AM on January 20th - 08:00 AM January 25th, 2025(UTC)
(2) Total Staking Rewards: 148,148 DRV

<a href="https://gimg2.gateimg.com/image/1737358532532770531-22.png" rel="nofollow noopener noreferrer" target="_blank" >![挖矿](https://gimg2.gateimg.com/image/1737358532532770531-22.png)</a>

(3)Unlocking Rule: 100% Unlock

**3.Reward Calculation and Distribution**
(1)The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(2)Token rewards will be distributed into the spot accounts of eligible users hourly.
(3)Users can join DRV and BTC Staking Pool at the same time to earn rewards from DRV pool and BTC pool separately.

**4.Notice**
(1) Gate.io Launchpool is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools. Before participating in Launchpool, please ensure that you fully understand the participation rules. <a href="https://www.gate.io/help/guide/faq/37021/startup-mining-faq" target="_blank" title="Click here" >Click here</a> to learn more details.
(2) Please complete <a href="https://www.gate.io/myaccount/kyc_home" target="_blank" title="identity verification" >identity verification</a> before participating in Startup Mining to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. Users can increase or redeem the staked assets at any time during the staking period. After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate.io reserves all rights to the final explanation.
(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the <a href="https://www.gate.io/user-agreement" target="_blank" title="User Agreement" >User Agreement</a> for further details on Restricted Locations.

**Gateway to Crypto**
Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate.io

• Visit our <a href="https://www.gate.io/activities/gate-collaborates-with-inter-milan" target="_blank" title="Official Website" >Official Website</a>
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• Join our <a href="https://www.gate.io/community" target="_blank" title="Global Community" >Global Community</a> to get more updates
• We provide <a href="https://www.gate.io/proof-of-reserves" target="_blank" title="100% proof of reserve" >100% proof of reserve</a>\>>>
• <a href="https://www.gate.io/signup" target="_blank" title="Sign up" >Sign up</a> to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from <a href="https://www.gate.io/referral" target="_blank" title="referrals" >referrals</a>

Gate.io Team
Jan 20th, 2025

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Derive (DRV) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Derive (DRV) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

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