Demex Daily #297: Ethena Partners with Derive to Boost USDe and Airdrop DRV Tokens

What’s Interesting Today:

Ethena partnered with Derive, a leading decentralized options protocol, to integrate Ethena’s USDe stablecoin as yield-bearing collateral for options trading. As part of the deal, Ethena provided a multi-million dollar grant, and Derive will airdrop 5% of its DRV token supply to staked ENA (sENA) holders. Derive will also explore launching an options market for ENA and structured products around USDe.

Trade ETHENA ENA-PERP on Demex

Namada has launched its mainnet, enabling shielded cross-chain transactions with its innovative Multi-Asset Shielded Pool (MASP). This launch marks the first phase of a five-stage decentralized rollout, offering comprehensive data protection and selective disclosure for users. Namada also introduces staking, governance, and a shielding rewards system. The platform ensures individual control over data while supporting cross-chain activities. NAM token holders participate in governance, and a portion of token inflation supports public goods funding. The ecosystem’s governance and decisions remain community-driven, with plans to expand support for additional ecosystems in the future.