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Update sip-412.md #2154

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Expand Up @@ -32,7 +32,7 @@ Vertically integrating vault strategies into the Synthetix stack compliments exi
Whilst we will own vaults, we will also continue to work with vault providers utilising Synthetix liquidity.

Rather than building our own vaults and strategies from scratch, Synthetix can quickly ramp up and go to market by acquiring TLX. The acquisition is beneficial to Synthetix for the following reasons:
- **Hot start** - Rather than spending the time to build and market our own vaults, the acquisition of TLX would present Synthetix with the opportunity to go live with over 50 leverage token vaults and.
- **Hot start** - Rather than spending the time to build and market our own vaults, the acquisition of TLX would present Synthetix with the opportunity to go live with over 50 leverage token vaults with up to 10x leverage.
- **Revenue Diversification** - Vaults generate a new revenue stream that can be captured by SNX tokenholders.
- **Complementary products** - Leverage token vaults can generate volume and fees on Synthetix perp markets (e.g. levered token strategies like 3x BTC utilise Synthetix perps and continuously rebalance, generating volume and fees).
- **Strategic Fit** - The acquisition aligns with Synthetix's long-term strategy to broaden its offerings in DeFi, thereby strengthening its position as a market leader.
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