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Update sip-411.md
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Fenway-snx authored Oct 29, 2024
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## Simple Summary
This proposal seeks to acquire Kwenta, the leading Synthetix front end, and relaunch Synthetix Exchange.

The transaction will only take place should the Spartan Council approve SIP-411 and the Kwenta Council approve KIP-137.
The transaction will only take place should the Spartan Council approve SIP-411 and the Kwenta Council approve KIP-138.

This strategic acquisition marks a significant milestone in Synthetix’s commitment to expand its capabilities, generate alternative revenue streams for SNX tokenholders and become the premier decentralised derivatives protocol.

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