Derive co-founder proposes to increase DRV token supply by 50% and dilute holders by 33%

Derive co-founder Nick Forster proposes the issuance of 500 million new DRV tokens, increasing supply by 50% to retain core contributors and secure institutional partnerships. These tokens will be vested within four years, with an annual dilution rate capped at 8.25%. Derive has received a significant institutional partner and is in talks with top liquidity providers. The move overturned Derive’s previous promise of “not issuing new tokens” aimed at competing with industry leader Deribit.