<ul><li>Synthetix and Derive have canceled a $27 million merger proposal after facing pushback from the community.</li><li>The proposed deal aimed to integrate Derive's decentralized options platform with Synthetix's derivatives ecosystem on Ethereum.</li><li>Under the terms, Synthetix would have acquired Derive's treasury, technology, and product suite via a token swap.</li><li>The cancellation reflects the trend of community-driven governance in DeFi, highlighting the importance of alignment between teams and communities for successful integrations in Web3 ecosystems.</li></ul>

Synthetix and Derive Cancel $27M Merger Proposal After Community Pushback

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