Synthetix Acquires Kwenta to Strengthen DeFi Ecosystem Control

Synthetix acquires Kwenta, regaining front-end control to unify strategic goals and boost ecosystem alignment. The acquisition aims to streamline product development, enhance branding, and improve B2B offerings in DeFi. Synthetix acquired Kwenta, the top perpetual trading platform in its ecosystem. Approved by SIP-411 by the Spartan Council and KIP-138 by the Kwenta Council, this strategic…

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Synthetix Prepares for Multi-Collateral Perps on Arbitrum

Synthetix seeks an extension to support Multi-Collateral Perps, attracting new users with diverse trading strategies. The launch of Multi-Collateral Perps on Arbitrum aims to enhance ecosystem engagement through flexible collateral options. Synthetix has tweeted that it intends to request an extension of its original Long-Term Incentive Program (LTIP) award to facilitate the highly anticipated launch…

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DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

Este artículo también está disponible en español. Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on…

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