$SNX is about to acquire Kwenta

The acquisition of Kwenta aims to create additional value for SNX holders through the following ways:

Removing KWENTA from circulation— Eliminate the split caused by both SNX and KWENTA assets, allowing the community to focus on a single asset.

Growth- Adding a frontend to the Synthetix product stack can create more avenues to develop the brand and our products. The frontend allows Synthetix to add new features, control customer experience, and design strategies to drive adoption.

Visibility/Branding- As customers use the Synthetix branded frontend, Synthetix's market visibility and public recognition will significantly increase. In the cryptocurrency space, visibility is crucial, which can drive value.

Efficiency— The merger of Synthetix and Kwenta capabilities is expected to improve operational efficiency.