Synthetix acquires Kwenta and retires the Kwenta brand
In November 2024 Synthetix announced it had acquired Kwenta, the ecosystem’s leading perps front end, via a KWENTA-for-SNX token swap approved under SIP-411 and KIP-138. Kwenta later stated that the transition to Synthetix Exchange made deprecation of the Kwenta DAO and brand final, directing the community to Synthetix channels and exchange.synthetix.io. The Sail Kwenta profile is therefore marked acquired with Synthetix as successor.
