Synthetix to Acquire Derive in $27M Token Swap Using Newly Minted SNX

Synthetix proposed acquiring Derive, a crypto options platform formerly called Lyra, through a $27 million token swap. The plan, announced on May 14, 2025, falls under Synthetix Improvement Proposal 415 (SIP-415) and is pending a community vote next week. The deal values Derive at $27 million with a swap ratio of 1 SNX to 27 […]

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