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has occurred in the decentralized finance (DeFi) space as Synthetix, a leading synthetic asset protocol, has withdrawn its $27 million acquisition plan for Derive, a […]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 […]
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 […]
Synthetix and Derive Launch Mainnet Perpetual Futures, Shaping Decentralized Derivatives Market
Synthetix and Derive are set to introduce mainnet perpetual futures, marking a significant step forward in decentralized derivatives trading. This launch is expected by the end of Q2 […]
Synthetix Revamps Staking with 420 Pool: Increased Efficiency and Decentralized Finance
Synthetix, a leading platform in decentralized finance (DeFi), has introduced a revolutionary new staking mechanism called the 420 Pool. This major overhaul aims to boost efficiency and engagement […]
Synthetix’s sUSD Depeg: A Manual Intervention Effort
Synthetix’s stablecoin, sUSD, experienced a sharp depegging event in April 2025 following the implementation of SIP-420. While this update aimed to streamline the system and reduce risk, it […]