DeFi Daily News
Thursday, July 31, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi NFT

rewrite this title and make it good for SEO Derivatives Platform Synthetix Eyes $27M Acquisition of Options Protocol, Derive – NFTgators

Nicholas Kitonyi by Nicholas Kitonyi
May 14, 2025
in NFT
0 0
0
rewrite this title and make it good for SEO Derivatives Platform Synthetix Eyes M Acquisition of Options Protocol, Derive – NFTgators
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Quick take:

Synthetix will acquire Derive’s treasury, technology, and product suite, subject to approval via an on-chain community vote.

The acquisition is part of the derivatives protocol’s strategy of vertical integration to improve its protocol capabilities on the Ethereum mainnet.

The vesting terms include a three-month lock-up and nine-month linear vesting for DRV holders who receive SNX.

Synthetic, an Ethereum-based derivatives protocol has announced plans to acquire the decentralised options platform and former Synthetix ecosystem project, Derive. The acquisition is structured as a token swap in the ratio of 27 DRV tokens for 1 SNX token, as per the Synthetix Improvement Proposal (SIP-415).

The company will issue 29.3 million new SNX tokens ($27 million) to facilitate the acquisition if approved by the Spartan Council and Derive governance. The vesting terms include a three-month lock-up and nine-month linear vesting for DRV holders who receive SNX.

Upon approval, Synthetix will acquire Derive’s treasury, technology, and product suite. The acquisition is part of the derivatives protocol’s strategy of vertical integration to improve its protocol capabilities on the Ethereum mainnet.

“This acquisition accelerates Synthetix’s push towards a leading Ethereum mainnet perps engine, by integrating Derive’s capabilities and team into the core protocol,” the company wrote in a blog post on Wednesday.

This acquisition expands Synthetix’s product suite, with Derive’s CLOB-based perpetuals exchange, delivering a hybrid decentralised derivatives stack with advanced Options Trading infrastructure on the table which can be merged with Synthetix.

It also benefits from a combined experience from both teams, further complementing Synthetix DNA and roadmap.

“Derive was born from the same DNA,” said Kain Warwick, founder of Synthetix. “Reuniting under one banner simplifies our architecture and governance and unlocks the next phase. This is the kids going out to build their own successful start-ups, and coming back to join the family business.”

Stay on top of things:

Subscribe to our newsletter using this link – we won’t spam!

Follow us on X and Telegram.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 27MacquisitionDerivativesDeriveEyesGoodNFTgatorsOptionsPlatformProtocolrewriteSEOSynthetixtitle
ShareTweetShare
Previous Post

rewrite this title “Don’t know how many workouts he did on his wedding day”: Kentucky HC Mark Pope praises 6’5 guard’s work ethic ahead of sophomore season

Next Post

rewrite this title Oppo Reno 14 Pro Display, Battery Details Teased Ahead of Debut

Next Post
rewrite this title Oppo Reno 14 Pro Display, Battery Details Teased Ahead of Debut

rewrite this title Oppo Reno 14 Pro Display, Battery Details Teased Ahead of Debut

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

October 26, 2024
Top 19 crypto coins that will EXPLODE in July 2025!!

Top 19 crypto coins that will EXPLODE in July 2025!!

July 2, 2025
rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

November 15, 2024
rewrite this title New Hall of Famer Antonio Gates was a beloved teammate, remains a San Diego legend

rewrite this title New Hall of Famer Antonio Gates was a beloved teammate, remains a San Diego legend

July 31, 2025
rewrite this title Tether Reports Q2 Profit of .9 Billion, CEO Teases U.S. Venture – Decrypt

rewrite this title Tether Reports Q2 Profit of $4.9 Billion, CEO Teases U.S. Venture – Decrypt

July 31, 2025
Joe Rogan Experience #2358 – Chadd Wright

Joe Rogan Experience #2358 – Chadd Wright

July 31, 2025
rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above  Support

rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above $3 Support

July 31, 2025
rewrite this title Malicious extensions can use ChatGPT to steal your personal data – here's how

rewrite this title Malicious extensions can use ChatGPT to steal your personal data – here's how

July 31, 2025
rewrite this title Latto Teases Mystery Man In Cryptic Instagram Post | Celebrity Insider

rewrite this title Latto Teases Mystery Man In Cryptic Instagram Post | Celebrity Insider

July 31, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.