Derive (DRV) News

Derive Proposes 50% Token Supply Increase to Fund Institutional Expansion, Reversing Earlier Pledge Derive's co-founder proposes 500M token mint for institutional growth, reversing previous no-inflation pledge and potentially diluting holders by 8.25% annually.

Synthetix and Derive Cancel $27 Million Merger Amid Valuation Disputes and Community Opposition Synthetix and Derive halt a $27M merger due to valuation disagreements and community pushback, ending plans to merge their decentralized derivatives platforms on Ethereum.

Synthetix Cancels $27M Acquisition of Derive Following Community Backlash Synthetix has canceled its proposed $27M acquisition of Derive after strong community opposition over valuation fairness and token lock-up concerns, emphasizing the critical role of decentralized governance.