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by: xpoolPosted on: May 26, 2025

Synthetix Halts Derive Acquisition Due to Valuation Dispute

The proposed $27 million acquisition of Derive by Synthetix has been withdrawn following community backlash regarding valuation terms, as announced by Synthetix on May 21, 2025. This withdrawal showcases challenges in the decentralized finance (DeFi) merger process, emphasizing the critical role of community influence and its impact on protocol decisions.

Related posts:

  1. Synthetix Calls Off $27 Million Acquisition of Derive Following Community Backlash
  2. Synthetix Cancels Derive Acquisition Plan Following Community Backlash
  3. Synthetix Scraps $27 Million Acquisition of Derive Following Community Backlash
  4. Derive and Synthetix End Merger Plan Amid Community Pushback
Acquisition DeFi Synthetix

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