The proposed $27 million acquisition of Derive by Synthetix has been withdrawn following community backlash regarding valuation terms, as announced by Synthetix on May 21, 2025.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 […]
Derive and Synthetix End Merger Plan Amid Community Pushback
Synthetix and Derive have called off their proposed $27 million merger, which aimed to integrate the DeFi platform’s Perps V4 derivatives offering with Derive’s decentralized options platform. The […]
Synthetix Launches New SNX Staking Program: Boosting DeFi Ecosystem
Kain Warwick, Synthetix’s founder, has announced the launch of a new SNX staking program designed to improve the platform’s decentralized finance (DeFi) ecosystem. This program offers significant incentives […]
Synthetix Scraps $27 Million Acquisition of Derive Following Community Backlash
Synthetix has abandoned its planned acquisition of crypto options platform Derive after facing significant community opposition. This decision comes after the proposal received criticism for its token exchange […]
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 […]
Synthetix Cancels Derive Acquisition Plan Following Community Backlash
A significant development has occurred in the decentralized finance (DeFi) space as Synthetix, a leading synthetic asset protocol, has withdrawn its $27 million acquisition plan for Derive, a […]
Synthetix Calls Off $27 Million Acquisition of Derive Following Community Backlash
Decentralized finance platform Synthetix has abandoned its plan to acquire crypto options provider Derive after receiving negative feedback from the community. The acquisition, initially valued at $27 million, […]
Synthetix Implements $1M Daily Buyback Program to Stabilize sUSD
Synthetix has launched a new buyback program for its stablecoin, sUSD, aimed at mitigating recent value fluctuations and fostering investor confidence. The program caps daily purchases at $1 […]
Synthetix Acquires Derive Protocol via Token Swap: $27 Million Deal
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 Proposes Acquisition of Derive Through $27 Million Token Swap
Synthetix, a prominent Ethereum-based derivatives protocol, has proposed acquiring Derive, another decentralized options platform, in a transaction valued at $27 million. The proposal entails exchanging new SNX tokens […]
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 Acquires Derive in $27M Token Swap: Expanding Derivatives Trading
Synthetix has proposed acquiring Derive in a $27 million token swap agreement, aiming to enhance its options trading capabilities. The proposal requires approval from both communities. This acquisition […]
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 […]