Synthetix acquires leveraged token platform TLX through token swap

BlockBeats reported that on December 11, according to official news, Synthetix announced that it had acquired the leveraged token platform TLX through a token swap transaction, which had previously been approved by SIP-412 and TIP-14.

Synthetix said it is working with the TLX team to optimize several parameters in the current implementation and is fully committed to launching on the Base chain. It plans to complete a comprehensive review, implement parameter improvements, and redeploy all contracts in the next few weeks.

Once completed, Synthetix said it will announce a generous leveraged token incentive plan to welcome the arrival of 2025.