Update sip-411.md

content/sips/sip-411.md

@@ -10,7 +10,9 @@ release: TBD
 ---
 
 ## Simple Summary
-The proposal seeks to acquire Kwenta, the leading Synthetix front end, and relaunch Synthetix Exchange.
+This proposal seeks to acquire Kwenta, the leading Synthetix front end, and relaunch Synthetix Exchange. 
+
+Approval will only be achieved should the Spartan Council approve SIP-411 and the Kwenta Council approve KIP-137.
 
 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.
 
@@ -53,7 +55,7 @@ This acquisition is for everything related to Kwenta, including but not limited
 The proposed transaction price is at a 19% discount to the 30 day average KWENTA/SNX ratio. This reflects the relative liquidity of the SNX and KWENTA tokens. Synthetix frequently trades over $20m per day on leading exchanges such as Binance, OKX and Coinbase. Kwenta generally trades $100k per day. 
 
 ### Funding the acquisition
-Synthetix will mint 9,050,375 new SNX tokens to cover the cost of the acquisition. These tokens will be locked for 3 months and will vest linearly over 9 months after the locked period. This token mint represents an inflation of 3.4% to the total token supply over the following year. This token inflation should be more than compensated by the value added by integrating a front end into Synthetix. The total number of SNX required for the acquisition may be adjusted following due diligence should both councils approve the acquisition.
+Synthetix will mint 9,050,375 new SNX tokens to cover the cost of the acquisition. These tokens will be locked for 3 months and will vest linearly over 9 months after the locked period. This token mint represents an inflation of 2.8% to the total token supply over the following year. This token inflation should be more than compensated by the value added by integrating a front end into Synthetix. The total number of SNX required for the acquisition may be adjusted following due diligence should both councils approve the acquisition.
 
 The decision to issue tokens was chosen over other financing options due to several advantages:
 - **Liquidity for Kwenta token holders** - their current token holders are liquidity trapped and do not have an avenue to sell a meaningful amount without receiving a significant amount of slippage.