Nick Forster suggests minting 500 million additional DRV tokens to support key contributors and institutional partnerships, with an expected dilution rate of 8.25% per year over four years.
Nick Forster, co-founder of Derive, has proposed a 50% increase in the DRV token supply, involving the minting of 500 million new tokens. The tokens would be allocated to the newly renamed Lyra Foundation to incentivize core contributors and foster institutional partnerships. The proposal predicts a maximum dilution rate of 8.25% annually over the next four years for existing holders. Additionally, Forster announced ongoing discussions with top liquidity providers to bring institutional-grade liquidity and custody services to the platform.