The Decentralized Financial platform Synthetix has derived its 27 million dollar plan for the acquisition of crypto -option -platform after negative feedback from the community.
On May 22, a synthetix spokesman announced that his acquisition proposal, which presented himself to his community, and “not resonance”, and each projects agreed to “withdraw from the proposed acquisition”.
Synthetix said on May 14th that it could acquire 1 SNX -TOKEN on 27 DRV token in a token -Exchange -deal, which fell right down to a worth of around 27 million dollars in each municipalities.
The synthetix strategy manager Ben Celermajer announced that other concerns of the community were the three-month token blocking period and the worth of the deal, from which Synthetix tried to handle lower than 1 million DRV holder.
“Although we understand that the commercials in all parishioners don’t in the midst of all parishioners, a variety of owners from each communities believed that the deal was fair and acceptable,” he said.
“However, we acknowledge that the response behind the expectations remained, and we wouldn’t have the intention of driving something that needs to be a collaborative and constructive undertaking.”
Cerermajer said that Synthetix would proceed to guage opportunities for constructing a decentralized derivative platform on the Ethereum Mainnet.
Source: Synthetix
Derive the community that deals with the benefits of deal
The members of the community expressed concerns in regards to the deal within the forum of the project, especially in regards to the token exchange course and the overall advantages of the deal for the platform.
The derivation user “Ramjo” wrote on May 14 that the token change course “is a poor reflection of the worth of derivation as a platform” and the “equivalent for the sale of the ground and the lock in low”.
Another user, “Alvarohk”, described the business as “difficult to justify” because he claimed that submitting more income than synthetix generated, and there was no clause within the agreement to stop Synthetix, “print hundreds of thousands of recent tokens and further dilute us”.
“I actually have found that Synthetix plans to spend one other 170 million SNX to extend its offer to 500 million out of 330 million,” added Alvarohk in a single follow -up post.
“Why is that this information not being disclosed should you are asked for it? It will dilute a further 60% of the worth of the offer made to submit,” she added.
The synthetix, which began as a lyra in 2021, was operated as a decentralized option protocol, but remained a part of the Synthetix ecosystem.
It was finally renamed to derive, and took steps to operate independently of synthetix, e.g. B. using susd stablecoin and liquidity of synthetix.
