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SYSTEM PROCESSING...
Posted: 2025-05-15 22:45:30 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-05-15 22:45:46 UTC
Verified By
Rollup News
Synthetix is proposing to acquire Derive, a perps and options exchange formerly known as Lyra, to reintegrate it into the Synthetix ecosystem. This move aims to consolidate talent, simplify token value and governance, and accelerate the development of perps, options, and app chains under direct protocol ownership.
Re-acquisition of Derive (formerly Lyra) for vertical reintegration
Unification of OG builders under Synthetix
Simplification of token value and governance
Acceleration of pace in product development
Enhanced value accrual for SNX token holders