Synthetix Acquires Kwenta: A Strategic Token Swap for Enhanced Perpetual Trading

Synthetix has officially completed the acquisition of its primary perpetual contract trading hub, Kwenta, via a token swap, as announced on November 8th. This strategic decision, which aligns with the platform’s long-term vision, received the necessary endorsements from both the Spartan Council under SIP-411 and the Kwenta Council through KIP-138. The integration of Kwenta is expected to bolster innovation within the decentralized finance (DeFi) sector by enhancing liquidity and user experience. With this acquisition, Synthetix aims to expand its offerings and improve efficiency in the trading environment for synthetic assets. Stakeholders can anticipate a more streamlined platform that leverages the strengths of both projects, establishing a robust foundation for future growth and collaboration within the crypto ecosystem.

BREAKING NEWS

CANARY FILES AMENDED S-1 FOR LITECOIN ETF

CANARY FILES AMENDED S-1 FOR LITECOIN ETF $LTC #Litecoin

BNB Falls Below $1,300 to $1,275 — Hits $1,262 Low, Down 6.5% From $1,350 High (Oct 7)

COINOTAG News, October 7 — According to market data,...

Glassnode: Bitcoin Futures Open Interest Spikes as Pullback Tests Longs — Key Support & Buyer Signals to Watch

On October 7, data shared by Glassnode indicated that...

EIGEN Whale Pulls 2M Tokens (~$3.94M) from Binance — Address Now Holds 6M EIGEN with ~$2.88M Unrealized Gain

COINOTAG News reported on October 7 that on-chain monitoring...

$KGEN listed on Bybit futures

$KGEN listed on Bybit futures #KGEN
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img