Synthetix已計劃獲取衍生產品，這是一個分散的選項平台

該提案正式為SIP-415，詳細介紹了將兩個平台匯總為單個衍生品協議的戰略願景，該協議在以太坊主網上執行。

Synthetix, the decentralized derivatives protocol running on the Ethereum mainnet, has announced a proposal to acquire Derive, a decentralized options and perps exchange.

Synthetix是在以太坊主網上運行的分散衍生物協議，宣布了一項獲取衍生產品的建議，分散的選項和PERPS交換。

The proposal, formalized as SIP-415, aims to roll up both platforms into a single derivatives protocol that executes on top of the Ethereum mainnet. The move would bring together product development, engineering talent, and token economics in a bold bid for unified growth on Ethereum’s layer 1.

該提案正式為SIP-415，旨在將兩個平台匯總為一個在以太坊主網之上執行的單個衍生物協議。此舉將使產品開發，工程人才和代幣經濟學匯集在一起​​，以大膽地競標以太坊1層的統一增長。

Derive, a well-known contributor to the Synthetix ecosystem, is a decentralized exchange focused on options and advanced derivatives. It is powered by a modular architecture that enables the rapid integration of new products and features. Derive’s application-chain stack is currently in a production-ready state, and its sleek user interface is a testament to the seamless user experiences it prioritizes.

衍生是Synthetix生態系統的知名貢獻者，是一個分散的交換，重點是期權和高級導數。它由模塊化體系結構提供動力，該體系結構可以快速整合新產品和功能。 DERIVE的應用程序鏈堆棧目前處於生產就緒狀態，其光滑的用戶界面證明了其優先級的無縫用戶體驗。

Token Exchange Deal at $27M

代幣交易交易，價格為2700萬美元

The deal, which is still subject to the approval of the council and the governance community of Derive, would take place with the help of a token exchange mechanism. According to the terms proposed, Derive token holders would be entitled to SNX tokens in the ratio of 27 DRVs to 1 SNX, putting the market value of the transaction at about $27 million USD.

該交易仍未得到理事會和派生的治理界的批准，該協議將在令牌交換機制的幫助下進行。根據提議的條款，導出的令牌持有人將有權以27 drvs and 1 SNX的比率獲得SNX令牌，這使交易的市場價值約為2700萬美元。

To make this transaction possible, Synthetix intends to release up to 29.3 million SNX tokens. These tokens will be on a 3-month lock-up period, after which they will be on a 9-month linear vesting schedule. If given the green light, the deal would practically combine the supply of Derive tokens and market capitalization under SNX, forming a single economic configuration.

為了使這筆交易成為可能，Synthetix打算釋放多達2930萬個SNX令牌。這些令牌將在3個月的鎖定期內，之後它們將按照9個月的線性歸屬時間表。如果給出綠光，這筆交易實際上將結合SNX下的代幣和市值的供應，形成一種經濟配置。

Strategic Alignment and Technological Integration

戰略一致性和技術整合

The proposed acquisition is likely to be a spur for Synthetix’s dreams of being the major perpetuals engine on mainnet Ethereum. Derive’s CLOB-based perpetuals exchange and advanced options infrastructure would provide more functions to the protocol so that they can directly compete with other big players like Hyperliquid, Binance, Deribit, and dYdX.

擬議的收購可能是Synthetix成為Mainnet以太坊上主要永久引擎的夢想的刺激性。 DERIVE的基於CLOB的永久交換和高級選項基礎架構將為協議提供更多功能，以便他們可以直接與其他大型參與者競爭，例如Hyperliquid，Binance，deribit和dydx。

Usefully, the Derive team consists of several developers and architects who have experience with Synthetix. Their level of expertise in the modular CLOB design, Layer 1 and 2 architecture, and on-chain options mechanics is seen as a smooth continuation for the current trajectory of the Synthetix protocol.

有用的是，派生團隊由幾位具有Synthetix經驗的開發人員和建築師組成。它們在模塊化塊狀設計，第1層和2層體系結構以及鏈上選項機制方面的專業水平被視為Synthetix協議當前軌蹟的平穩延續。

Since Derive’s app-chain stack is already in a production-ready state, the deployment of the new exchange on the Ethereum mainnet could start just immediately after the deal is closed.

由於Derive的App-Chain堆棧已經處於準備就緒狀態，因此在交易完成後，新的Exchange部署可以立即開始。

Synthetix also believes that this merger is set to simplify governance. By integrating both communities onto a single token and a decision-making mechanism, the protocol expects greater network effects, less friction when it comes to governance coordination, and more of a straight line towards the market.

Synthetix還認為，此合併將簡化治理。通過將兩個社區整合到一個令牌和決策機制上，該協議期望網絡效應更大，在治理協調方面的摩擦較小，而對市場的直線更為直線。

A Return to the Founding Principles of Synthetix

返回Synthetix的創始原理

The Synthetix leadership has positioned the acquisition as a reaffirmation of the protocol’s founding principles, that is, vertical integration, token-aligned incentives, and ownership of key infrastructure. We want to build a complete on-chain derivatives ecosystem from options and perpetuals to vaults and app-chains that are native and deployed with urgency.

Synthetix的領導將收購定位為重申協議的創建原則，即垂直整合，由代幣保持一致的激勵措施以及對關鍵基礎架構的所有權。我們希望從選項和永久構建一個完整的鏈衍生物生態系統到本機且緊急部署的保管庫和應用鏈。

Ben “Fenway” Celermajer put emphasis on the strategic importance of re-focusing on the Ethereum mainnet. By going back to its reliable neutrality, composable settlements, and trusted self-custody on Ethereum, Synthetix’s redemption path is slated to become a market-leading decentralized derivatives platform again, he said.

Ben“ Fenway” Celermajer強調重新關注以太坊主網的戰略重要性。他說，通過回到其可靠的中立性，合成定居點和對以太坊的自信心，Synthetix的贖回道路計劃再次成為市場領先的分散衍生品平台。

What Comes Next

接下來會發生什麼

The acquisition is still pending approval from the governance. The Spartan Council will deliberate through the Synthetix Improvement Proposal (SIP) process, while Derive token holders will vote via a Derive Improvement Proposal (DIP).

此次收購仍在待批准中。斯巴達委員會將通過Synthetix改進提案（SIP）過程進行審議，而導出的令牌持有人將通過派生的改進建議（DIP）進行投票。

If approved, Derive’s treasury, intellectual property, code repositories, user interface stack, and governance system will be defined by the Synthetix protocol. SNX tokens will be distributed to DRV holders at agreed vesting terms, bringing in long-term incentives for the unified ecosystem.

如果獲得批准，則Synthetix協議將定義DERIRE的財政部，知識產權，代碼存儲庫，用戶界面堆棧和治理系統。 SNX令牌將以商定的歸屬條款分發給DRV持有人，從而為統一的生態系統帶來長期的激勵措施。

This team-up, if successful, would not only streamline the token structure and development roadmap of Synthetix but also have the potential to make it a dominating force in the decentralized derivatives market on the Ethereum mainnet.

如果成功的話，這一團隊不僅將簡化Synthetix的令牌結構和開發路線圖，而且還有可能使其成為以太坊主網上分散的衍生品市場的主導力量。