Potential Derive Airdrop Guide, How to Be Eligible?
Quick Summary
The Derive Airdrop rewards active traders on HyperLiquid and holders of staked ENA tokens with a share of the $DRV token supply.
Project Overview
The Derive Protocol is a collection of smart contracts on Derive L2, an Ethereum rollup governed by a DAO. It consists of subaccounts, managers, and assets.
Airdrop Details
Total Airdrop Value
N/A
Distribution Date
N/A
Token Information
The $DRV token is the native token of the Derive Protocol, with 2.5% allocated for HyperLiquid traders and 5% for sENA holders from the Ethena Foundation grant.
How to Become Eligible
Requirements
- HyperLiquid Traders: Deposit $10,000+, generate $1M+ trading volume before the 1,000 trader cap
- sENA Holders: Hold sENA tokens during the snapshot period
Step-by-Step Guide
HyperLiquid: Connect wallet, deposit $10,000+, trade $1M+ before cap
sENA: Hold sENA tokens during snapshot period
Additional Tips
- Start trading on HyperLiquid early to secure a spot
- Maintain consistent trading activity to meet volume requirements
- Consider holding sENA tokens for additional participation
- Monitor official Derive and Ethena communications for updates
Is It Possible to Automate Potential Airdrop Farming?
Potentially you can automate onchain activity. Copilot helps automate onchain activity on 20+ chains and 40+ projects. Take a look on the active automations
Important Notice
This guide is for informational purposes only. Airdrop eligibility and rewards are not guaranteed. Always do your own research and be cautious when connecting to new protocols.