ChainCatcher news, according to official sources, Synthetix announced the acquisition of its major perpetual contract trading platform Kwenta in its ecosystem through a token swap transaction, which was previously approved by the Spartan Council's SIP-411 and the Kwenta Council's KIP-138.

ChainCatcher news, according to official sources, Synthetix has proposed to acquire Kwenta and restart derivatives trading through a merger. The proposal has been sent to the Spartan Council and the Kwenta Council. The proposed strategic acquisition marks Synthetix's commitment to expanding its capabilities and creating value for SNX token holders.It is reported that if the proposal is approved, Synthetix will mint up to 9,050,375 new SNX tokens to fund the acquisition.

ChainCatcher news, the derivatives trading platform Kwenta tweeted that due to a potential vulnerability found in the Stake v2 contract, the staking contract will be paused, but trading on Kwenta will not be affected, and there is no risk to the staked tokens.It is reported that shortly after the migration to v2 began, Kwenta contributors discovered a vulnerability that could lead to the loss of newly issued v2 rewards, but existing balances will not be lost, and the funds in the v2 contract remain safe. As a precaution, the v2 contract was quickly paused. Cases of affected users have not yet been confirmed.In addition, Kwenta stated that a reverse migration may be necessary. Currently, investors do not need to take any action and should await further updates and instructions. (Source link)