Synthetix and Derive Call Off $27 Million Merger
The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]