PANews November 26 news, decentralized derivatives protocol Synthetix announced plans to acquire the leveraged token protocol TLX and launch a new product line Synthetix Vaults.
Synthetix stated that it will launch a variety of liquidity pool products in the coming months to expand its core platform capabilities, including leveraged token liquidity pools and active management strategies such as basis trading capture and funding rate arbitrage. Notably, Synthetix has previously successfully acquired its main frontend integrator Kwenta.
