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Posted: 2025-05-14 06:40:20 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-14 06:43:09 UTC
Verified By
Rollup News
Synthetix has proposed acquiring Derive in a $27 million token swap deal to unify product, talent, and tokenomics under one derivatives protocol on the Ethereum mainnet.
Synthetix proposes acquiring Derive.
The deal is valued at $27 million.
It will proceed as a 27:1 DRV-to-SNX token swap.
Synthetix plans to issue up to 29.3 million SNX tokens.
Derive’s assets will merge into the Synthetix protocol.