Synthetix and Derive jointly cancel $27 million acquisition agreement

According to a report by TheBlock, as reported by Jinse Finance, contributors from Synthetix and Derive have jointly withdrawn a $27 million transaction proposal, under which Synthetix would acquire the decentralized options platform Derive (formerly known as Lyra). The Derive team stated: After thoughtful discussions and community feedback, the SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn. Previously, it was reported that Synthetix proposed to acquire the options protocol Derive through a $27 million token swap.