PANews reported on November 26 that the decentralized derivatives protocol Synthetix announced plans to acquire the leveraged token protocol TLX and launch a new product line Synthetix Vaults.

Synthetix said that it will launch a variety of fund pool products in the coming months to expand its core platform functions, including leveraged token fund pools, and active management strategies such as yield generation strategies (such as basis trading capture and funding rate arbitrage). It is worth noting that Synthetix has successfully acquired its main front-end integrator Kwenta.