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 […]
Upbit and Bithumb Halt SNX Deposits Amid sUSD Volatility Concerns
South Korea’s leading crypto exchanges, Upbit and Bithumb, suspended Synthetix (SNX) token deposits after a warning from the Digital Asset Exchange Alliance (DAXA). The DAXA added SNX to […]
Upbit Issues Warning on Synthetix Amidst sUSD Stability Concerns
South Korea’s leading crypto exchange, Upbit, has issued a warning to investors regarding Synthetix (SNX), citing concerns about the stability of its stablecoin. The exchange classified SNX as […]