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by: xpoolPosted on: May 22, 2025

Synthetix Calls Off Acquisition of Derive After Community Backlash

Synthetix has abandoned its proposed acquisition of the cryptocurrency options platform Derive after facing substantial opposition from both communities involved. The decentralized derivatives platform announced on Wednesday that it would not proceed with the deal, citing underwhelming community support as the main reason for its withdrawal.

Related posts:

  1. Synthetix to Re-acquire Derive in Token Exchange Deal Worth $27M
  2. Synthetix Acquires Derive for $27M, Aiming to Strengthen DeFi Ecosystem
  3. Synthetix Acquires Derive Protocol via Token Swap: $27 Million Deal
  4. Synthetix Cancels Derive Acquisition Plan Following Community Backlash
Crypto Acquisitions Derive Synthetix

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