Synthetix Drops Derive Deal After Community Feedback Sparks Rethink

TL;DR Synthetix canceled the Derive acquisition after pushback from both communities, who questioned the deal’s value and swap terms. The proposal involved swapping 27 DRV for each SNX with an initial lockup, plus a 170 million SNX token issuance that raised concerns. Derive, which had already severed ties with Synthetix’s infrastructure, will continue operating independently. . . source: https://crypto-economy.com/synthetix-drops-derive-deal-after-community-feedback-sparks-rethink/