On May 14, according to the official blog, Synthetix community proposed to acquire decentralized options platform Derive for a valuation of US $27 million. According to SIP-415 proposal, the transaction will be DRV to SNX token swap at a ratio of 27:1, Synthetix will issue 29.3 million SNX tokens (3 months lock +9 months linear release) to complete the acquisition. The transaction requires approval by Synthetix's Spartan Board of Governors and Derive governance bodies. The acquisition will enable Synthetix to integrate Derive's orderbook perpetual contract trading technology and development team to accelerate the construction of Ethereum mainnet derivatives protocols. The Derive team's experience in modular order book design and option mechanisms will directly enhance Synthetix's core competencies. Its developed App-chain technology stack can be immediately deployed to the main network. Derive, formerly known as Lyra, was once a Synthetix ecological project. This acquisition is Synthetix's third ecological integration action in the past six months after recovering Kwenta and TLX. Founder Kain Warwick said this will simplify protocol architecture and governance and promote the development of derivatives platforms. If the transaction is approved, Derive's treasury assets, intellectual property and governance systems will be fully incorporated into the Synthetix agreement.