BlockBeats news, on December 3rd, the largest Options protocol on-chain, Derive, has partnered with Ethena and joined the Ethena network. This is a further expansion of the existing collaboration between Ethena and Derive. Derive has introduced sUSDe as Collateral into the protocol and has built the first on-chain structured product for sUSDe. As part of this collaboration, the Ethena Foundation has provided Derive with millions of dollars in funding. USDe can help developers unlock new financial primitives, while benefiting from Ethena’s Liquidity support, integration channels, and network effects. In addition, sENA holders will also be eligible to align with Derive DAO and receive 5% of the DRV Token supply.
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