Decentralized finance protocol Synthetix is making a bold move to deepen its footprint in the crypto derivatives space, announcing plans to re-acquire options trading platform Derive in a token-based deal. In a blog post published on May 14, Synthetix revealed the proposed terms of the acquisition: a token swap valuing ...
Upbit has announced it will halt deposits for Synthetix Network Token (SNX) after the token was flagged by the Digital Asset Exchange Association (DAXA) as a “trading caution item.” The suspension is set to take effect on April 24 at 15:00 KST. Synthetix is facing concerns regarding the stability of ...
Synthetix, a DeFi protocol, has acquired the leveraged token platform TLX in a token-for-token transaction. According to the organization, this move is crucial for Synthetix to establish a decentralized liquidity layer and position itself as a leading product issuer in the DeFi ecosystem. The acquisition represents the first revenue-generating product ...
After the unfortunate delay of its planned debut in Q4 2022, the anticipated user-friendly DEX, Infinex, will officially be launched to the public on May 13, 2024, Synthetix's founder, Kain Warwick, revealed recently. During his presentation at the ETH Global conference in Sydney, Australia, on May 2, Warwick happily revealed ...
