Latest news with #Synthetix
New York Post
28-07-2025
- Business
- New York Post
Kain Warwick has sold his NYC penthouse for $29M
Australian crypto entrepreneur Kain Warwick has sold his four-story West Village 'glass box' penthouse at 601 Washington — with a plunge pool and a rooftop hot tub — for $29 million, according to property records. Warwick is taking a hit on the splashy spread, which he bought as a pied-à-terre for $30.65 million in 2021. The residence was asking $36.5 million last December. Warwick is the founder of Synthetix — a crypto-based derivatives platform — and Infinex, a crypto company. 9 The residence fills with light. The Real Estate Production Network 9 The great room is made of grand proportions. The Real Estate Production Network 9 There's plenty of room for dining — with a view. The Real Estate Production Network 9 A view into the kitchen. The Real Estate Production Network In 2021 — the same year that Warwick bought this penthouse — two of his three brothers, Kieran and Aaron Warwick, briefly became billionaires, separately, for their role with their other brother Grant in creating a crypto computer game, Illuvium. It allows players to own their in-game assets, NFT 'monsters,' that they capture, trade or keep. This 'townhouse in the sky' comes with six bedrooms, six baths, two powder rooms, a private elevator and up to 16-foot-high ceilings — along with multiple outdoor spaces. It opens on the seventh floor with a gallery that leads to a 43-foot great room and a 25-foot chef's kitchen. There's also a dining area that showcases downtown views from sliding glass doors that open to a wrap terrace. 9 One of the home's six bedrooms. The Real Estate Production Network 9 The outdoor space is a delight. The Real Estate Production Network 9 There's space for covered dining. The Real Estate Production Network 9 At night, the pool dazzles. The Real Estate Production Network 9 The pool looks out to the Hudson River. The Real Estate Production Network Upstairs, there's a full-floor main bedroom suite with walk-in closets, a gas fireplace and a spa-like bath. Outside, there's a summer kitchen, a pergola-shaded dining area, a fire pit and that plunge pool with an infinity edge — all with downtown views that include One World Trade Center and the Hudson River. Shibumi Development's nine-story, 10-unit condo building was designed by BKSK Architects. The listing brokers were Serhant's Scott Francis, Sara Gore, Ashley Brooke and Ryan Serhant.
Yahoo
14-05-2025
- Business
- Yahoo
Synthetix Considers Purchase of Options Platform Derive in $27M Token-Swap Deal
Ethereum-based derivatives powerhouse Synthetix is considering buying options trading platform Derive in an token-for-token deal valued at $27 million that would see the project absorbed back into the protocol that gave it birth. The proposal, SIP-415 on Synthetix and DIP on Derive, needs to be approved by both communities and would see Derive's treasury, codebase and operational stack incorporated into Synthetix. The deal marks a rare instance of a token swap-based acquisition in decentralized finance (DeFi), and is being pitched as part of Synthetix's growing ecosystem. Derive (DRV) token holders would receive 27 newly issued SNX tokens for each DRV they own. The tokens are subject to a three-month lockup and nine-month linear vesting schedule. Synthetix would mint up to 29.3 million SNX, amounting to roughly 8.6% inflation of its current token supply. Derive, originally Lyra, went live in 2021 and was spun out from Synthetix. It has previously moved away from the protocol, ending support for Synthetix's sUSD stablecoin, switching to GMX for liquidity, and launching its own perpetual futures product. Early responses from the Derive community showed dissatisfaction with the idea. 'I don´t see any benefit for Derive on it,' one commenter said. 'In the other hand (sic), it all looks great and advantageous for Synthetix.' Another user took aim at the proposed valuations. 'That exchange rate is a poor reflection of the value of derive as a platform,' commenter 'Ramjo' said. 'And then have the nerve to put a long vesting period on it AS WELL.' DRV prices are down 20% in the past 24 hours, data on CoinGecko shows, while SNX is up 7%.
