Derive (DRV) News

Synthetix and Derive Cancel $27 Million Merger Amid Valuation Disputes and Community Opposition Synthetix and Derive halt a $27M merger due to valuation disagreements and community pushback, ending plans to merge their decentralized derivatives platforms on Ethereum.

Synthetix Cancels $27M Acquisition of Derive Following Community Backlash Synthetix has canceled its proposed $27M acquisition of Derive after strong community opposition over valuation fairness and token lock-up concerns, emphasizing the critical role of decentralized governance.