Synthetix has reacquired Kwenta, a frontend that was initially part of Synthetix before becoming independent in 2021. This acquisition, part of SIP-411 which was unanimously approved by Synthetix councilors, aims to consolidate the vision and strategic direction of both protocols. Benjamin Celermajer from Synthetix emphasized that this move will enhance the user experience and facilitate better integration of Synthetix liquidity into various protocols. As a result of the acquisition, KWENTA token holders will be able to exchange their tokens for SNX at a rate of 1:17. The SNX acquired will then undergo a three-month lock-up followed by a nine-month linear vesting. The KWENTA token itself will eventually be deprecated after the transition. The changes, including potential adjustments to the SNX tokenomics and launching on Ethereum and Solana, are part of Synthetix's broader plan to reboot and modernize its operations.

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