Synthetix（SNX）和推出社区反弹后的2700万美元收购计划

在不断批评之后，已搁置了一个分散的衍生品项目Synthetix和Derive之间的2700万美元收购

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.

在双方的代币持有人和社区成员受到批评之后，已搁置了一项分散衍生品项目Synthetix和Derive之间的2700万美元收购。

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.

两支球队在五月中旬浮出水面，这本来可以看到Synthetix吸收的衍生物（以前称为Lyra），这是在巩固其技术和国库的代币交易协议中。此举设定将Derive的分散期权平台带入Ethereum Mainnet的Synthetix的生态系统，Synthetix铸造为2930万新的SNX代币，以资助收购。

The proposal was formalized through governance channels — SIP-415 and DIP — but both were withdrawn this week.

该提案是通过治理渠道正式正式的-SIP-415和DIP的 - 但本周都被撤回。

“The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn after thoughtful discussion and community feedback,” Derive’s team wrote in an update.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提案合并Synthetix和Derive在经过深思熟虑的讨论和社区反馈后相互撤回，” Derive的团队在更新中写道。

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.

根据该交易，基于SNX的DRV的27：1令牌掉期比率，派生的价值将为2700万美元。但是，这种估值很快引起了Derive社区的火灾，尤其是因为该协议最近产生的收入比Synthetix更多。一些批评家认为，该术语被低估的术语相对于Synthetix当前的市值而得出了增长和动力。

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希望将Derive的基础架构集成到即将到来的PERPS V4发布中，该启动以以太坊建立的集中限制订单簿为中心。随着这项交易，Synthetix将不得不寻求其他方法来加强其衍生品产品。

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策略负责人Ben Celermajer说，三个月的象征性锁定和交易的定价是主要的点。该团队试图通过为较小的DRV持有人挥舞着锁定来缓解担忧，但这还不够。

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，它仍然致力于在以太坊上建立一个分散的衍生物堆栈，但就目前而言，派生将不会成为其中的一部分。

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.”

来自Derive社区的反对是声音和详尽的。在Derive的论坛上，用户质疑27：1代币交易所的公平性，其中一位撰稿人称其为“出售底部”。