The proposal, formalized as SIP-415, details a strategic vision for rolling up both platforms into a single derivatives protocol that executes on top of the Ethereum mainnet.

May 15, 2025 at 12:00 am

A proposed $27 million acquisition between decentralized derivatives projects Synthetix and Derive has been shelved, following mounting criticism

May 26, 2025 at 11:13 pm

A proposed $27 million merger between decentralized derivatives platforms Synthetix and Derive has been called off

May 27, 2025 at 03:00 am

Plans for a $27 million merger between Synthetix and Derive (formerly Lyra) have been scrapped, as both teams announced they have mutually withdrawn their respective proposals

May 27, 2025 at 05:01 am

In a strategic consolidation move, Synthetix has proposed acquiring Derive, a decentralized options platform and former spin-off from the Synthetix ecosystem.

May 14, 2025 at 05:42 pm

The proposal, SIP-415 on Synthetix and DIP on Derive, needs to be approved by both communities and would see Derive's treasury, codebase and operational stack incorporated into Synthetix.

May 14, 2025 at 05:16 pm

This deal between Synthetix and Derive is a unique case of DeFi using a token-swap merger. The acquisition is worth an estimated $27 million and will see a 27:1 exchange of DRV for SNX tokens.

May 14, 2025 at 05:36 pm

A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month.

Apr 28, 2025 at 08:00 am

Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC's dominance keep growing.

Apr 24, 2025 at 07:17 pm