Derive Lianchuang proposes to increase the supply of DRV tokens by 50%, and existing holders' equity is expected to dilute 33%

PANews September 14th news, Derive co-founder Nick Forster proposed to expand the supply of native DRV tokens on its on-chain options exchange to retain core contributors and reach deals with institutional partners, according to The Block. The proposal calls for the minting of 500 million DRV tokens to increase their supply by 50%, and allocating these tokens to the Derive Foundation (which will be renamed the Lyra Foundation). Forster said that according to the proposal’s estimates, existing holders’ tokens will be diluted up to 8.25% per year. As part of the proposal, Forster said Derive had “comprehensive partnership that would bring institutional-level liquidity and custodial services to the ecosystem”, adding that the foundation “is in-depth negotiations with several of the largest liquidity providers and traders to introduce deeper liquidity and launch new product lines”.