💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Synthetix plans to buy back $27 million worth of tokens on the Derive platform.
According to the Gate.io News bot and a report by Cointelegraph, the DeFi platform Synthetix is advancing plans to buy back the encryption options platform Derive. According to the SIP-415 proposal, Synthetix will conduct this transaction by issuing 29.3 million SNX tokens at an exchange rate of 1 SNX for 27 DRV(, valued at approximately $27 million. These tokens will have a lock-up period of 3 months, followed by a linear unlock over 9 months.
Derive originated from the Lyra project within the Synthetix ecosystem and was independently spun off in 2021. After the completion of this repurchase, Synthetix will integrate Derive’s front-end technology and RWA professional advantages. Currently, this trading proposal still requires approval through community voting from both parties.