Derive Bolsters Perpetual Contracts with DRV and F Listings
Derive, an on-chain derivatives platform, has expanded its perpetual contracts to include two new assets: $DRV and $F. The platform offers up to 5x leverage for both tokens, marking a more conservative approach compared to its existing offerings of up to 15x leverage across multiple assets.
The listing comes just days after Derive's V3 migration on September 14, which aimed to enhance functionality and increase throughput on the platform. The DRV token itself went live in January 2025, with a maximum supply of 1.5 billion. Derive allocates 35% of its fees toward weekly buybacks of DRV.
The $F listing is particularly noteworthy as it allows traders to bet on the price of Ford Motor Company's stock. This move suggests that Derive is positioning itself for growth and increased adoption, especially with its recent integration of additional collateral types, including FXRP. The platform has also signaled interest in expanding access for institutional traders.