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synthetix

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SNX WHALE ACCUMULATION IMMINENT ๐Ÿšจ Entry: 0.32 ๐Ÿ”ฅ Target: 0.50 ๐Ÿš€ Stop Loss: 0.27 โš ๏ธ Synthetix just dropped a game-changing 2026 roadmap. Revenue buybacks for SNX and sUSD are set to ignite deflationary pressure. Direct ETH and cbBTC collateralization on Perps will unlock massive Ethereum liquidity. This is not a drill. Position for the SNX takeover. Not financial advice. Manage your risk. #Synthetix #SNX #Crypto #DeFi #Alpha ๐Ÿš€
SNX WHALE ACCUMULATION IMMINENT ๐Ÿšจ

Entry: 0.32 ๐Ÿ”ฅ
Target: 0.50 ๐Ÿš€
Stop Loss: 0.27 โš ๏ธ

Synthetix just dropped a game-changing 2026 roadmap. Revenue buybacks for SNX and sUSD are set to ignite deflationary pressure. Direct ETH and cbBTC collateralization on Perps will unlock massive Ethereum liquidity. This is not a drill. Position for the SNX takeover.

Not financial advice. Manage your risk.

#Synthetix #SNX #Crypto #DeFi #Alpha

๐Ÿš€
๐Ÿ”— $SNX {future}(SNXUSDT) powers the Synthetix ecosystem, enabling the creation of synthetic assets on blockchain networks. These assets track the value of real-world assets like currencies and commodities. #Synthetix #Crypto
๐Ÿ”— $SNX
powers the Synthetix ecosystem, enabling the creation of synthetic assets on blockchain networks. These assets track the value of real-world assets like currencies and commodities. #Synthetix #Crypto
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#snx #synthetix The community just deleted me from the discord group because after paying 35% usd, the staked snx was not refunded. I asked a few times and got deleted. It has been two weeks now without a refund. They have now directly deleted me. Help.
#snx #synthetix The community just deleted me from the discord group because after paying 35% usd, the staked snx was not refunded. I asked a few times and got deleted. It has been two weeks now without a refund. They have now directly deleted me. Help.
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Bearish
Synthetix ($SNX {future}(SNXUSDT) ): The "Extreme Fear" Opportunity for RWA Investors ๐Ÿ“‰๐Ÿฆ Analysis: The market is in "Extreme Fear" regarding $SNX, with sentiment at a score of 13. Most call it a loser because of its 90% bearish sentiment. The Contrarian Reality: Synthetix V3 has completed its migration, turning the protocol into a "liquidity layer" for any financial derivative. As Real-World Assets (RWA) become the dominant trend of mid-2026, $SNX is the only platform capable of scaling institutional-grade synthetics. The Bear Trap: "Too complex and high price volatility." Real-World Catalyst: Institutional pilots using Synthetix for tokenized commodity trading. Entry Zone: $0.30 โ€“ $0.35. Target: $1.50 | $5.80 (Long-term recovery). CTA: When the index hits "Extreme Fear," the winners go shopping. Are you a lion or a sheep? #Synthetix #SNX #RWA #Contrariantrading
Synthetix ($SNX
): The "Extreme Fear" Opportunity for RWA Investors ๐Ÿ“‰๐Ÿฆ
Analysis:
The market is in "Extreme Fear" regarding $SNX , with sentiment at a score of 13. Most call it a loser because of its 90% bearish sentiment. The Contrarian Reality: Synthetix V3 has completed its migration, turning the protocol into a "liquidity layer" for any financial derivative. As Real-World Assets (RWA) become the dominant trend of mid-2026, $SNX is the only platform capable of scaling institutional-grade synthetics.
The Bear Trap: "Too complex and high price volatility."
Real-World Catalyst: Institutional pilots using Synthetix for tokenized commodity trading.
Entry Zone: $0.30 โ€“ $0.35.
Target: $1.50 | $5.80 (Long-term recovery).
CTA: When the index hits "Extreme Fear," the winners go shopping. Are you a lion or a sheep? #Synthetix #SNX #RWA #Contrariantrading
THE BLUE CHIP GIANTS (STABLE GAINS) If you want to sleep at night while making bank, trade the giants. High liquidity means you can go heavy on the margin with lower risk. ๐Ÿฆ $ETH {future}(ETHUSDT) : LONG | Entry: $2,145 | TP: $2,450 | SL: $2,050 ๐Ÿฆ $SNX {future}(SNXUSDT) : LONG | Entry: $0.340 | TP: $0.440 | SL: $0.315 ๐Ÿฆ $CVX {future}(CVXUSDT) : LONG | Entry: $1.97 | TP: $2.60 | SL: $1.82 URGENCY: Ethereum is leading the entire market recovery today. If moves, everything moves. DON'T MISS THE TRAIN! ๐Ÿš‚๐Ÿ’ต #Ethereum #Synthetix #ConvexFinance #CryptoWealth
THE BLUE CHIP GIANTS (STABLE GAINS)
If you want to sleep at night while making bank, trade the giants. High liquidity means you can go heavy on the margin with lower risk.
๐Ÿฆ $ETH
: LONG | Entry: $2,145 | TP: $2,450 | SL: $2,050
๐Ÿฆ $SNX
: LONG | Entry: $0.340 | TP: $0.440 | SL: $0.315
๐Ÿฆ $CVX
: LONG | Entry: $1.97 | TP: $2.60 | SL: $1.82
URGENCY: Ethereum is leading the entire market recovery today. If moves, everything moves. DON'T MISS THE TRAIN! ๐Ÿš‚๐Ÿ’ต
#Ethereum #Synthetix #ConvexFinance #CryptoWealth
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Bullish
$SNX โ€“ EXPLOSIVE RALLY WITH STRONG MOMENTUM {spot}(SNXUSDT) $SNX skyrocketed over 66%, jumping from $0.90 to $1.63 as buyers dominated the market. Momentum remains bullish โ€” holding above $1.55 could open the door for another breakout. Entry: $1.60 โ€“ $1.63 TP1: $1.70 TP2: $1.78 SL: $1.52 Take Profit: Gradually as it approaches targets. #SNX #Synthetix #CryptoSignal #BinanceFutures #TradingSetup
$SNX โ€“ EXPLOSIVE RALLY WITH STRONG MOMENTUM


$SNX skyrocketed over 66%, jumping from $0.90 to $1.63 as buyers dominated the market. Momentum remains bullish โ€” holding above $1.55 could open the door for another breakout.

Entry: $1.60 โ€“ $1.63
TP1: $1.70
TP2: $1.78
SL: $1.52
Take Profit: Gradually as it approaches targets.

#SNX #Synthetix #CryptoSignal #BinanceFutures #TradingSetup
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$SNX /USDT Surges Nearly 90%! | DeFi Market Gainer Synthetix (SNX) has taken the spotlight today with an impressive +89.86% gain, pushing its price to $1.83. The token showed strong momentum with a 24h high of $1.92, indicating massive trader interest in the DeFi sector. Analysts suggest that if SNX continues above the MA60 (1.85) line, it could see further bullish movement. The recent spike in volume confirms growing confidence in decentralized finance assets. Is this the next big DeFi breakout? #SNX #Synthetix #DeFi #CryptoNews $SNX {spot}(SNXUSDT)
$SNX /USDT Surges Nearly 90%! | DeFi Market Gainer
Synthetix (SNX) has taken the spotlight today with an impressive +89.86% gain, pushing its price to $1.83. The token showed strong momentum with a 24h high of $1.92, indicating massive trader interest in the DeFi sector.
Analysts suggest that if SNX continues above the MA60 (1.85) line, it could see further bullish movement. The recent spike in volume confirms growing confidence in decentralized finance assets.

Is this the next big DeFi breakout?
#SNX #Synthetix #DeFi #CryptoNews
$SNX
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{future}(SNXUSDT) $SNX is trading near 2.305 (+0.74%), consolidating after growth. MA(25) is acting as strong support, volumes are stable. The potential for the uptrend to continue remains. Entry: 2.28 โ€“ 2.32 TP1: 2.38 | TP2: 2.45 SL: 2.22 Trend: Bullish #SNX #Synthetix #DeFi #BinanceSpot


$SNX is trading near 2.305 (+0.74%), consolidating after growth. MA(25) is acting as strong support, volumes are stable. The potential for the uptrend to continue remains.
Entry: 2.28 โ€“ 2.32
TP1: 2.38 | TP2: 2.45
SL: 2.22
Trend: Bullish
#SNX #Synthetix #DeFi #BinanceSpot
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Bullish
$BNB {spot}(BNBUSDT) SNX (Synthetix) Is Gaining Major Momentum on Binance! ๐Ÿš€ Synthetix is capturing huge trader interest as volatility spikes and DeFi activity heats up across the market. ๐Ÿ’ก Hereโ€™s why $BTC {spot}(BTCUSDT) SNX is trending: ๐Ÿ“Š Trading volume and market activity are rising fast. โš™๏ธ It remains a key backbone for synthetic assets within the DeFi ecosystem. ๐Ÿ”ฅ Strong price swings are drawing tradersโ€™ attention this week. Be part of the action โ€” trade $ETH {spot}(ETHUSDT) SNX now on Binance.com! ๐Ÿ”ฅ @Synthetix Learn more via the official ICO announcement. #SNX #Synthetix #Binance #DeFi #Altcoins
$BNB
SNX (Synthetix) Is Gaining Major Momentum on Binance! ๐Ÿš€
Synthetix is capturing huge trader interest as volatility spikes and DeFi activity heats up across the market.

๐Ÿ’ก Hereโ€™s why $BTC
SNX is trending:
๐Ÿ“Š Trading volume and market activity are rising fast.
โš™๏ธ It remains a key backbone for synthetic assets within the DeFi ecosystem.
๐Ÿ”ฅ Strong price swings are drawing tradersโ€™ attention this week.

Be part of the action โ€” trade $ETH
SNX now on Binance.com! ๐Ÿ”ฅ
@Synthetix
Learn more via the official ICO announcement.

#SNX #Synthetix #Binance #DeFi #Altcoins
๐Ÿ’ฌ Synthetix ($SNX ) โ€” The DeFi Derivatives Leader is Heating Up! $SNX is powering synthetic assets across DeFi, and adoption is surging. Volume is climbing, and charts show bullish momentum โ€” early moves could see serious gains. If you want in before the next leg, click the chart to buy and check the setup yourself. Traders who spot the opportunity early often capture the biggest moves. ๐Ÿ“ˆ Share your insights, write your take, and earn rewards while the market heats up. Donโ€™t wait โ€” momentum wonโ€™t last forever! #Synthetix #SNX #AltcoinSetup #CryptoCharts {spot}(SNXUSDT)
๐Ÿ’ฌ Synthetix ($SNX ) โ€” The DeFi Derivatives Leader is Heating Up!

$SNX is powering synthetic assets across DeFi, and adoption is surging. Volume is climbing, and charts show bullish momentum โ€” early moves could see serious gains.

If you want in before the next leg, click the chart to buy and check the setup yourself. Traders who spot the opportunity early often capture the biggest moves.

๐Ÿ“ˆ Share your insights, write your take, and earn rewards while the market heats up. Donโ€™t wait โ€” momentum wonโ€™t last forever!

#Synthetix #SNX #AltcoinSetup #CryptoCharts
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Bullish
Ever wanted to trade Tesla stock, Gold, or even synthetic Bitcoinโ€ฆ without leaving crypto? Welcome to the mad science lab of DeFi: Synthetix ๐Ÿงช๐Ÿ” Synthetix lets you mint and trade synthetic assets (aka โ€œSynthsโ€) that mirror real-world stuffโ€”without ever holding the real thing. Itโ€™s like cosplay for your portfolio. ๐ŸŽญ๐Ÿ“Š No slippage. No liquidity issues. Just pure, on-chain exposure to everything from crypto to commodities to equities. Want to long synthetic oil or short synthetic ETH? Synthetix says, โ€œSure, why not?โ€ ๐Ÿ˜Ž And $SNX ? Itโ€™s the token powering the whole mutant synth lab. Stake it, mint Synths, earn rewards, and feel like a DeFi central banker printing yield instead of money. ๐Ÿ’ธ๐Ÿง‘โ€๐Ÿ”ฌ In short: Synthetix is how you flex TradFi dreams with DeFi techโ€”without ever wearing a suit. ๐Ÿงต๐Ÿšซ #Synthetix #SyntheticAssets #SNX {spot}(SNXUSDT)
Ever wanted to trade Tesla stock, Gold, or even synthetic Bitcoinโ€ฆ without leaving crypto? Welcome to the mad science lab of DeFi: Synthetix ๐Ÿงช๐Ÿ”

Synthetix lets you mint and trade synthetic assets (aka โ€œSynthsโ€) that mirror real-world stuffโ€”without ever holding the real thing. Itโ€™s like cosplay for your portfolio. ๐ŸŽญ๐Ÿ“Š

No slippage. No liquidity issues. Just pure, on-chain exposure to everything from crypto to commodities to equities. Want to long synthetic oil or short synthetic ETH? Synthetix says, โ€œSure, why not?โ€ ๐Ÿ˜Ž

And $SNX ? Itโ€™s the token powering the whole mutant synth lab. Stake it, mint Synths, earn rewards, and feel like a DeFi central banker printing yield instead of money. ๐Ÿ’ธ๐Ÿง‘โ€๐Ÿ”ฌ

In short: Synthetix is how you flex TradFi dreams with DeFi techโ€”without ever wearing a suit. ๐Ÿงต๐Ÿšซ

#Synthetix #SyntheticAssets
#SNX
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Bullish
โ€œ๐Ÿ”ฅ $SNX heat risingโ€”momentum traders, eyes up!โ€ ๐Ÿ“ˆ RSI climbing above 55 ๐Ÿ“Š MACD bullish crossover on 1H ๐Ÿ“ˆ Price breaking out above descending resistance ๐ŸŽฏ Plan: Entry at $0.72, target $0.82, stop-loss $0.68 ๐Ÿš€ Will $SNX blast through to new heights? #SNX #Synthetix #Breakout #CryptoTrade #Write2Earn {future}(SNXUSDT)
โ€œ๐Ÿ”ฅ $SNX heat risingโ€”momentum traders, eyes up!โ€

๐Ÿ“ˆ RSI climbing above 55
๐Ÿ“Š MACD bullish crossover on 1H
๐Ÿ“ˆ Price breaking out above descending resistance

๐ŸŽฏ Plan: Entry at $0.72, target $0.82, stop-loss $0.68

๐Ÿš€ Will $SNX blast through to new heights?
#SNX #Synthetix #Breakout #CryptoTrade #Write2Earn
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UMA vs Synthetix in 2025: Different Approaches to Synthetic Assets! โš”๏ธ๐Ÿ“Š In June 2025, UMA continues to stand out among other synthetic asset platforms like Synthetix, thanks to its unique approach to oracles and contract design. Priceless vs. On-Chain Feeds: The main distinction of UMA is its "priceless" contracts, which minimize reliance on constant on-chain price feeds, while Synthetix actively utilizes Chainlink and other oracles for continuous price updates. Optimistic Oracle vs. Streaming Oracles: UMA relies on its optimistic oracle and dispute resolution system (DVM), which is activated only when necessary. Synthetix uses continuous streaming oracles. Flexibility of Creation: UMA provides more flexible tools for creating custom synthetic assets, allowing tracking of virtually any real-world metric. Synthetix focuses on more standardized synthetic assets (such as sUSD, sBTC). Collateral Model: Both protocols use over-collateralization, but the liquidation mechanisms and collateral management may differ. The choice between UMA and other platforms depends on the specific needs of the project and its tolerance for risks associated with oracles. UMA offers a more cost-effective and manipulation-resistant solution. #UMA #Synthetix #DeFi #Web3 #Binance $UMA {spot}(UMAUSDT) {spot}(BTCUSDT) {spot}(YFIUSDT)
UMA vs Synthetix in 2025: Different Approaches to Synthetic Assets! โš”๏ธ๐Ÿ“Š

In June 2025, UMA continues to stand out among other synthetic asset platforms like Synthetix, thanks to its unique approach to oracles and contract design.

Priceless vs. On-Chain Feeds: The main distinction of UMA is its "priceless" contracts, which minimize reliance on constant on-chain price feeds, while Synthetix actively utilizes Chainlink and other oracles for continuous price updates.
Optimistic Oracle vs. Streaming Oracles: UMA relies on its optimistic oracle and dispute resolution system (DVM), which is activated only when necessary. Synthetix uses continuous streaming oracles.
Flexibility of Creation: UMA provides more flexible tools for creating custom synthetic assets, allowing tracking of virtually any real-world metric. Synthetix focuses on more standardized synthetic assets (such as sUSD, sBTC).
Collateral Model: Both protocols use over-collateralization, but the liquidation mechanisms and collateral management may differ.
The choice between UMA and other platforms depends on the specific needs of the project and its tolerance for risks associated with oracles. UMA offers a more cost-effective and manipulation-resistant solution.

#UMA #Synthetix #DeFi #Web3 #Binance $UMA
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Bullish
$SNX #Synthetix is maintaining position above the lower border of the falling wedge on the weekly chart Price is finding strong support at the main trendline while consolidating within this large pattern A decisive bounce from this wedge support could push price towards $5.00 Buy and Trade $SNX here {future}(SNXUSDT) @wisegbevecryptonews9 #BSCTradingTips
$SNX

#Synthetix is maintaining position above the lower border of the falling wedge on the weekly chart

Price is finding strong support at the main trendline while consolidating within this large pattern

A decisive bounce from this wedge support could push price towards $5.00

Buy and Trade $SNX here
@WISE PUMPS #BSCTradingTips
Breaking News โš  ๐Ÿ“ข **Synthetix Founder Reflects on Ethereum Sale Decisions** According to Odaily **Synthetix founder Kain** recently shared on ๐• that he **might have been better off selling all his $ETH ** ๐Ÿค” This comes after his earlier reveal that **since 2020** he has: - Sold **90% of his ETH holdings** ๐Ÿ’ธ - Increased his **$SNX investment to 35M tokens** ๐Ÿ“ˆ ๐Ÿ”น **Reflecting on past moves** ๐Ÿ”น **Big shift from $ETH to SNX** ๐Ÿ”น **Whatโ€™s next for his portfolio?** ๐Ÿ‘€ #Ethereum #Synthetix #Crypto
Breaking News โš 
๐Ÿ“ข **Synthetix Founder Reflects on Ethereum Sale Decisions**

According to Odaily **Synthetix founder Kain** recently shared on ๐• that he **might have been better off selling all his $ETH ** ๐Ÿค”

This comes after his earlier reveal that **since 2020** he has:
- Sold **90% of his ETH holdings** ๐Ÿ’ธ
- Increased his **$SNX investment to 35M tokens** ๐Ÿ“ˆ

๐Ÿ”น **Reflecting on past moves**
๐Ÿ”น **Big shift from $ETH to SNX**
๐Ÿ”น **Whatโ€™s next for his portfolio?**
๐Ÿ‘€ #Ethereum #Synthetix #Crypto
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๐Ÿ”ด sUSD from Synthetix has lost its peg and has fallen to $0.66 โ€” dรฉjร  vu with Terra? sUSD, the stablecoin from Synthetix, is again below $1 โ€” the current price is around $0.66. The reason? The protocol update SIP-420, which unexpectedly changed the financial mechanics of the project. ๐Ÿ“‰ What happened: โ€” The collateralization ratio was reduced from 450% to 200% โ€” Old debts do not have to be repaid for a whole year โ€” Stakers are no longer incentivized to buy back sUSD โ€” The price of SNX has dropped โ†’ collateral decreased โ€” Market panic is creating cascading sell-offs โš ๏ธ Reminds of the collapse of Terra/LUNA โ€” and again the problem lies in the mechanics of collateral and trust. ๐Ÿ’ญ The million-dollar question: can we trust decentralized stablecoins without a hard tie to reserves? Subscribe โ€” we are analyzing the risks while the market is turbulent ๐Ÿ”ด #bitcoin #crypto #stablecoins #synthetix #DEF $BTC $ETH $XRP
๐Ÿ”ด sUSD from Synthetix has lost its peg and has fallen to $0.66 โ€” dรฉjร  vu with Terra?

sUSD, the stablecoin from Synthetix, is again below $1 โ€” the current price is around $0.66. The reason? The protocol update SIP-420, which unexpectedly changed the financial mechanics of the project.

๐Ÿ“‰ What happened:

โ€” The collateralization ratio was reduced from 450% to 200%

โ€” Old debts do not have to be repaid for a whole year

โ€” Stakers are no longer incentivized to buy back sUSD

โ€” The price of SNX has dropped โ†’ collateral decreased

โ€” Market panic is creating cascading sell-offs

โš ๏ธ Reminds of the collapse of Terra/LUNA โ€” and again the problem lies in the mechanics of collateral and trust.

๐Ÿ’ญ The million-dollar question: can we trust decentralized stablecoins without a hard tie to reserves?

Subscribe โ€” we are analyzing the risks while the market is turbulent ๐Ÿ”ด

#bitcoin #crypto #stablecoins #synthetix #DEF $BTC $ETH $XRP
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#SNX : Is "Synthetix" a Good Investment?$SNX {spot}(SNXUSDT) #SNX #Synthetix โ€Should I invest in Synthetix CryptoCurrency?" โ€Should I buy SNX today?" According to our Forecast System, SNX is an awesome long-term (1-year) investment*. We predict future values with technical analysis for wide selection of digital coins like Synthetix. If you are looking for virtual currencies with good return, SNX can be a profitable investment option. Synthetix price equal to 2.027 USD at 2024-12-20. If you buy Synthetix for 100 dollars today, you will get a total of 49.342 SNX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2029-12-15 is 3.684 US Dollars. With a 5-year investment, the revenue is expected to be around +81.75%. Your current $100 investment may be up to $181.75 in 2029. Current Price: 2.027ย USD #Synthetix Target Price : Synthetix price target in 14 days: 3.121 USD* upside and 1.725 USD* downside. (Highest and lowest possible predicted price in a 14 day period) Calculation For Trading: Resistance Level (R3):2.708 Resistance Level (R2):2.566 Resistance Level (R1):2.356 Pivot Point:2.214 Support Level (S1):2.004 Support Level (S2):1.863 Support Level (S3):1.652 [Click Here ๐Ÿ‘‰๐Ÿ‘‰ & Donโ€™t miss a thing! Follow us for all of our latest posts and updates!](https://app.binance.com/uni-qr/cpro/adatomlink?l=en&r=386158032&uc=app_square_share_link&us=copylink) Donate Us : Like our target prices & Signals ? Support us by donating on # Tips (USDT) ๐Ÿ‘ˆ๐Ÿ‘ˆ #BTCNextMove Disclaimer: This list is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. (*) This data could be outdated. Research done on: 20-12-2024

#SNX : Is "Synthetix" a Good Investment?

$SNX
#SNX
#Synthetix
โ€Should I invest in Synthetix CryptoCurrency?"
โ€Should I buy SNX today?"
According to our Forecast System, SNX is an awesome long-term (1-year) investment*.
We predict future values with technical analysis for wide selection of digital coins like Synthetix. If you are looking for virtual currencies with good return, SNX can be a profitable investment option. Synthetix price equal to 2.027 USD at 2024-12-20. If you buy Synthetix for 100 dollars today, you will get a total of 49.342 SNX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2029-12-15 is 3.684 US Dollars. With a 5-year investment, the revenue is expected to be around +81.75%. Your current $100 investment may be up to $181.75 in 2029.
Current Price: 2.027ย USD

#Synthetix Target Price :
Synthetix price target in 14 days: 3.121 USD* upside and 1.725 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Calculation For Trading:
Resistance Level (R3):2.708
Resistance Level (R2):2.566
Resistance Level (R1):2.356
Pivot Point:2.214
Support Level (S1):2.004
Support Level (S2):1.863
Support Level (S3):1.652
Click Here ๐Ÿ‘‰๐Ÿ‘‰ & Donโ€™t miss a thing! Follow us for all of our latest posts and updates!
Donate Us :
Like our target prices & Signals ? Support us by donating on # Tips (USDT) ๐Ÿ‘ˆ๐Ÿ‘ˆ
#BTCNextMove
Disclaimer: This list is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
(*) This data could be outdated. Research done on: 20-12-2024
Synthetix and Derive Cancel $27 Million Merger DealThe decentralized finance platform Synthetix and the Derive options protocol (formerly Lyra) have abandoned the planned $27 million merger. The deal, outlined in proposal SIP-415, involved a token exchange at a ratio of 27 DRV to 1 SNX, valuing Derive at $27 million. Synthetix planned to issue 29.3 million new SNX tokens to complete the deal. However, after active discussions and negative community feedback regarding the valuation and potential dilution of SNX token value, the deal was canceled.

Synthetix and Derive Cancel $27 Million Merger Deal

The decentralized finance platform Synthetix and the Derive options protocol (formerly Lyra) have abandoned the planned $27 million merger. The deal, outlined in proposal SIP-415, involved a token exchange at a ratio of 27 DRV to 1 SNX, valuing Derive at $27 million. Synthetix planned to issue 29.3 million new SNX tokens to complete the deal. However, after active discussions and negative community feedback regarding the valuation and potential dilution of SNX token value, the deal was canceled.
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๐Ÿšจ#SYNTHETIX PROPOSES $27M DRV TOKEN SWAP TO ACQUIRE DERIVE ๐Ÿ”น$SNX -for-$DRV token swap proposed at 27:1 ratio ๐Ÿ”น$27M valuation under SIP-415, pending DAO vote ๐Ÿ”นDRV holders to receive vested SNX (3-month lock, 9-month vesting) ๐Ÿ”นAcquisition boosts Synthetix v4, may enable derivatives exchange ๐Ÿ”นFollows past acquisitions: Kwenta, TLX โ€“ The Block
๐Ÿšจ#SYNTHETIX PROPOSES $27M DRV TOKEN SWAP TO ACQUIRE DERIVE

๐Ÿ”น$SNX -for-$DRV token swap proposed at 27:1 ratio

๐Ÿ”น$27M valuation under SIP-415, pending DAO vote

๐Ÿ”นDRV holders to receive vested SNX (3-month lock, 9-month vesting)

๐Ÿ”นAcquisition boosts Synthetix v4, may enable derivatives exchange

๐Ÿ”นFollows past acquisitions: Kwenta, TLX

โ€“ The Block
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