The options agreement Lyra has been renamed to Derive and will release the DRV token update on September 4th.

ChainCatcher news, the options protocol Lyra has announced its rebranding to Derive, which represents its vision for decentralized derivatives and future development roadmap.

Derive is now a foundational component of the decentralized finance ecosystem, providing financial applications and product support for various integrators, traders, and institutions. The goal is to make the protocol and infrastructure easily accessible.

In the coming weeks, Derive will share its roadmap and partnerships. Updates on the DRV token will be released on September 4th.