Synthetix Proposes Kwenta Acquisition to Unify Its Exchange Ecosystem

TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta’s governance and merging it with SNX’s Spartan Council. Synthetix, the decentralized finance (DeFi) protocol ... source: https://crypto-economy.com/synthetix-proposes-kwenta-acquisition-to-unify-its-exchange-ecosystem/