Synthetix 提议以 1320 万美元收购 Kwenta，以统一协议并加强市场地位

Synthetix 提出以 1320 万美元代币收购 Kwenta，旨在巩固其业务并加强其去中心化

DeFi protocol Synthetix (SNX) has proposed to acquire Kwenta (KWENTA) in a deal valued at $13.2 million.

DeFi Protocol Synthetix (SNX) 拟以 1320 万美元的价格收购 Kwenta (KWENTA)。

The acquisition will see Synthetix buy all circulating Kwenta tokens (532,375 KWENTA) for 9.05 million new SNX tokens, increasing the total supply of SNX by 2.8%. The token swap will be at a 19% discount to the recent average trading ratio.

此次收购将使 Synthetix 以 905 万个新的 SNX 代币购买所有流通的 Kwenta 代币（532,375 KWENTA），使 SNX 的总供应量增加 2.8%。本次代币互换将较近期平均交易比例折价 19%。

As part of the deal, Kwenta’s treasury will be merged into Synthetix’s resources, while Kwenta’s governance structure will dissolve, transferring control to Synthetix’s Spartan Council.

作为交易的一部分，Kwenta 的财务部门将并入 Synthetix 的资源，而 Kwenta 的治理结构将解散，将控制权移交给 Synthetix 的斯巴达委员会。

Synthetix also intends to simplify liquidity access for current KWENTA holders through a token migration program, where KWENTA holders will exchange tokens for SNX vesting contracts. These vesting contracts will lock tokens for three months, followed by a nine-month gradual release schedule.

Synthetix 还打算通过代币迁移计划简化当前 KWENTA 持有者的流动性获取，KWENTA 持有者将用代币交换 SNX 归属合约。这些归属合约将锁定代币三个月，然后是九个月的逐步释放计划。

The acquisition is expected to enhance Synthetix’s decentralized derivatives platform and strengthen its market position in the rapidly growing DeFi derivatives space.

此次收购预计将增强 Synthetix 的去中心化衍生品平台，并巩固其在快速增长的 DeFi 衍生品领域的市场地位。

In a tweet, Synthetix acknowledged past mistakes, saying the 2020 spin out was a mistake that distanced the company from its users. The acquisition will allow Synthetix to get back in front of customers and improve perpetual products.

Synthetix 在一条推文中承认了过去的错误，称 2020 年的分拆是一个导致公司与其用户疏远的错误。此次收购将使 Synthetix 重新回到客户面前并改进永久性产品。

DeFi Derivatives on the Rise as Markets Shift

随着市场转变，DeFi 衍生品不断上涨

DeFi derivatives are gaining traction as investors are increasingly utilizing derivatives to gain exposure without committing the full capital.

随着投资者越来越多地利用衍生品在不投入全部资本的情况下获得敞口，DeFi 衍生品越来越受到关注。

A recent Financial Times article highlighted that derivatives trading now constitutes 71% of all digital asset trading volumes with open interest crossing $40 billion in 2024.

《金融时报》最近的一篇文章强调，衍生品交易目前占所有数字资产交易量的 71%，到 2024 年，未平仓合约将突破 400 亿美元。

Following the collapse of major lenders in 2022, unsecured borrowing options have vanished, leading traders to explore derivatives as a capital-efficient solution.

2022 年主要贷方倒闭后，无担保借贷选择已经消失，导致交易者开始探索衍生品作为资本高效的解决方案。

The proposed acquisition is aligned with Synthetix’s strategy to expand its DeFi product offerings and capture a larger share of the derivatives market.

此次拟议的收购符合 Synthetix 扩大 DeFi 产品供应并占领衍生品市场更大份额的战略。