ChainCatcher news, according to Cointelegraph, the decentralized finance platform Synthetix has canceled its acquisition plan for the crypto options platform Derive worth $27 million due to negative feedback from the community. The acquisition was originally planned to exchange SNX and DRV tokens at a ratio of 1:27.Members of the Derive community expressed concerns about the token exchange ratio and the overall benefits of the acquisition for the platform. Some users claimed that Derive's revenue is actually higher than Synthetix's, and there are no clauses in the protocol that limit Synthetix from issuing additional tokens that could dilute value. Synthetix's strategic director Ben Celermajer stated that while some community members believed the deal was reasonable, both parties agreed to terminate the acquisition plan, which was originally intended to promote collaboration, due to the lack of expected response.