Key Points:Derive and Synthetix cancel $27 million acquisition plan.Community opposed merger valuation and potential SNX dilution.Synthetix and Derive to pursue independent strategic initiatives.
On May 26, Derive and Synthetix announced the…
Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback.A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition…
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC,…