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Infinex and Derive

January 13 2025

Infinex and Derive Announce Strategic Partnership to Celebrate the Launch of $DRV

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Derive.xyz, the world-leading decentralized onchain options AI-powered platform (TVL $128M), has partnered with Infinex.xyz ($450M TVL), an innovative new crypto app that unlocks onchain protocols, services and applications, for the launch of its $DRV token on Wednesday, January 15, 2025.

The collaboration will debut Infinex’s innovative cross-chain swaps product, ‘Swidge,’ also launching on Wednesday January 15, 2025, with a competition worth 1million DRV to reward users for their participation.

Swidge is a new cross-chain swap feature (swap and bridge) enabling users to complete seamless cross-chain swaps between 500 of the top assets on Solana, Ethereum L1 and L2 ecosystems, all within the Infinex app.

Swidge’s integration with Derive.xyz will leverage Aerodrome on Base as the protocol for the DRV/ETH pair.

Kain Warwick, Founder of Infinex: “Swidge represents a major leap forward for crypto users seeking fast, seamless cross-chain interactions. Partnering with Derive allows us to demonstrate the capabilities of this groundbreaking product in a real-world, high-volume setting. We’re excited to see how this collaboration pushes the boundaries of DeFi innovation.”

Nick Forster, Founder of Derive.xyz, added: “Our partnership with Infinex and the debut of Swidge aligns perfectly with Derive’s mission to deliver innovative, user-centric financial solutions. By combining Infinex’s Swidge with our robust infrastructure, we’re unlocking unparalleled trading opportunities for our users, solidifying Derive’s position as the leader in onchain options.”

Infinex’s rapid integration of DRV reflects the project’s commitment to unlocking new integrations and faster feature development, starting with cross-chain swaps. This will be followed by spot, perps, lending, borrowing and other integrations.

People In This Post

Lamin Jaiteh

Kain Warwick

Infinex
Lamin Jaiteh

Nick Forster

Derive.xyz

Companies In This Post

Infinex
Lamin Jaiteh

Derive.xyz
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