Deep Tide TechFlow News, on November 26, according to official news, the decentralized derivatives protocol Synthetix announced plans to acquire the leveraged token protocol TLX and launch a new product line "Synthetix Vaults". According to proposals SIP-412 and TIP-14, this acquisition is an important step for Synthetix to expand its ecosystem.
Synthetix will launch a variety of liquidity pool products in the coming months, including leveraged token liquidity pools and yield generation strategies, such as basis trading and funding rate arbitrage, among other active management strategies. Synthetix has previously successfully acquired its main front-end integrator Kwenta, and this acquisition of TLX will further strengthen its derivatives business layout on the Optimism network.
The newly launched Synthetix Vaults product line will allow users to deposit underlying tokens into liquidity pools and earn returns through smart contracts or professional management. Currently, Synthetix has locked over $100 million in its SNX staking pool on the Ethereum mainnet and operates 11 liquidity pools on perpetual contract exchanges.
