Abstract This proposal authorizes the mint of 500 million DRV tokens (a 50% increase from the current 1B supply - or 33% dilution to existing DRV holders). We estimate that this will lead to, at most, dilution of 8.25% per year for 4 years. These tokens will be allocated to the Derive Foundation (to be renamed from the Lyra Foundation) to fund institutional partnerships, market maker incentives, integrations, and development resources. This allocation will position Derive to become a...
Starts
September 23, 2025
Ends
October 3, 2025
Ended
Timeline of changes to this governance item
category_key changed
none → treasury
Mar 7, 2026, 9:36 AM
Item created
Sep 23, 2025, 12:54 AM