📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Synthetix terminates the $27 million Derive acquisition plan
According to a Deep Tide TechFlow report on May 22, Cointelegraph reported that the decentralized finance platform Synthetix canceled its acquisition plan for the encryption options platform Derive, valued at 27 million dollars, due to negative feedback from the community.
Derive community members express concerns about the token exchange rate and the acquisition's overall impact on the platform's revenue. Some users claim that Derive's income is actually higher than Synthetix, and there are no clauses in the protocol limiting Synthetix's minting of tokens that could dilute value. Synthetix's strategic director, Ben Celermajer, stated that while some community members believe the transaction is reasonable, both parties have agreed to terminate the acquisition plan originally intended to promote cooperation due to failing to meet the expected response.