Blockchain News

Synthetix Shock: $27M Derive Acquisition Unexpectedly Canceled

The world of decentralized finance (DeFi) often sees protocols exploring collaborations and mergers to expand their offerings and user base. One such potential deal involving the synthetic asset platform Synthetix recently made headlines, but not for completing. Instead, Synthetix has announced the cancellation of its planned acquisition of the crypto options platform Derive. Synthetix and […]

Ethereum News

Synthetix Proposes Ambitious $27M Token Swap to Acquire Derive

Big news shaking up the Decentralized Finance (DeFi) world! The prominent DeFi protocol, Synthetix (SNX), has put forward an exciting proposal. It aims to acquire Derive, formerly known as Lyra, a well-regarded decentralized options trading platform. This move could significantly reshape the landscape for both projects and the broader DeFi ecosystem. If you’re following the […]