Synthetix（SNX）和推出社區反彈後的2700萬美元收購計劃

在不斷批評之後，已擱置了一個分散的衍生品項目Synthetix和Derive之間的2700萬美元收購

A proposed $27 million acquisition between decentralized derivatives projects Synthetix and Derive has been shelved, following mounting criticism from token holders and community members on both sides.

在雙方的代幣持有人和社區成員受到批評之後，已擱置了一項分散衍生品項目Synthetix和Derive之間的2700萬美元收購。

The two teams floated a plan in mid-May that would have seen Synthetix absorb Derive — formerly known as Lyra — in a token swap deal that consolidates their technologies and treasuries. The move was set to bring Derive’s decentralized options platform into Synthetix’s ecosystem on Ethereum mainnet, with Synthetix minting 29.3 million new SNX tokens to fund the buyout.

兩支球隊在五月中旬浮出水面，這本來可以看到Synthetix吸收的衍生物（以前稱為Lyra），這是在鞏固其技術和國庫的代幣交易協議中。此舉設定將Derive的分散期權平台帶入Ethereum Mainnet的Synthetix的生態系統，Synthetix鑄造為2930萬新的SNX代幣，以資助收購。

The proposal was formalized through governance channels — SIP-415 and DIP — but both were withdrawn this week.

該提案是通過治理渠道正式正式的-SIP-415和DIP的 - 但本週都被撤回。

“The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn after thoughtful discussion and community feedback,” Derive’s team wrote in an update.

“ SIP-415和DIP提案合併Synthetix和Derive在經過深思熟慮的討論和社區反饋後相互撤回，” Derive的團隊在更新中寫道。

Under the deal, Derive would have been valued at $27 million, based on a 27:1 token swap ratio of DRV for SNX. But that valuation quickly drew fire from Derive’s community, especially as the protocol had recently been generating more revenue than Synthetix. Some critics argued that the terms undervalued Derive’s growth and momentum relative to Synthetix’s current market cap.

根據該交易，基於SNX的DRV的27：1令牌掉期比率，派生的價值將為2700萬美元。但是，這種估值很快引起了Derive社區的火災，尤其是因為該協議最近產生的收入比Synthetix更多。一些批評家認為，該術語被低估的術語相對於Synthetix當前的市值而得出了增長和動力。

Synthetix hoped to integrate Derive’s infrastructure into its upcoming Perps V4 launch, which centers on a centralized limit order book built on Ethereum. With the deal off, Synthetix will have to seek other ways to bolster its derivatives offering.

Synthetix希望將Derive的基礎架構集成到即將到來的PERPS V4發布中，該啟動以以太坊建立的集中限制訂單簿為中心。隨著這項交易，Synthetix將不得不尋求其他方法來加強其衍生品產品。

Synthetix strategy lead Ben Celermajer said the three-month token lock-up and the pricing of the deal were among the main sticking points. The team tried to ease concerns by waving the lock-up for smaller DRV holders, but it wasn’t enough.

Synthetix策略負責人Ben Celermajer說，三個月的象徵性鎖定和交易的定價是主要的點。該團隊試圖通過為較小的DRV持有人揮舞著鎖定來緩解擔憂，但這還不夠。

Synthetix says it’s still committed to building a decentralized derivatives stack on Ethereum, but for now, Derive won’t be part of it.

Synthetix表示，它仍然致力於在以太坊上建立一個分散的衍生物堆棧，但就目前而言，派生將不會成為其中的一部分。

Opposition from Derive’s community was vocal and detailed. On Derive’s forum, users questioned the fairness of the 27:1 token exchange, with one contributor calling it the equivalent of “selling the bottom.”

來自Derive社區的反對是聲音和詳盡的。在Derive的論壇上，用戶質疑27：1代幣交易所的公平性，其中一位撰稿人稱其為“出售底部”。