Synthetix is exploring a strategic acquisition of the decentralized options protocol Derive (formerly Lyra) through a token swap. The proposed deal, worth $27 million, would involve exchanging 27 […]
Synthetix Acquires Derive for $27M, Aiming to Strengthen DeFi Ecosystem
Synthetix, a prominent decentralized finance (DeFi) platform, has announced the acquisition of Derive, a crypto options platform previously spun off from its ecosystem. The deal involves an exchange […]
Synthetix Acquires Derive in $27M Ethereum Mainnet Expansion
Synthetix has made a significant move, acquiring Derive for a hefty $27 million in a token swap on the Ethereum mainnet. This strategic merger aims to enhance Ethereum’s […]
Synthetix Proposes Acquisition of Derive Through Token Swap
Synthetix is proposing a token swap deal to acquire the decentralized options platform Derive. The proposal involves exchanging 29.3 million SNX tokens for a proportionate amount of DRV […]
Synthetix to Acquire Derive for $27 Million, Expanding DeFi Footprint
Synthetix has proposed a $27 million acquisition of Derive, a decentralized options platform, as reported on May 14, 2025. This move signals Synthetix’s strategic expansion into the realm […]
Synthetix to Re-acquire Derive in Token Exchange Deal Worth $27M
DeFi platform Synthetix has announced plans to re-acquire the crypto options platform Derive. The deal, valued at approximately $27 million, will be conducted through a token exchange, with […]