💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Synthetix plans to buy back $27 million worth of tokens on the Derive platform.
According to the Gate.io News bot and a report by Cointelegraph, the DeFi platform Synthetix is advancing plans to buy back the encryption options platform Derive. According to the SIP-415 proposal, Synthetix will conduct this transaction by issuing 29.3 million SNX tokens at an exchange rate of 1 SNX for 27 DRV(, valued at approximately $27 million. These tokens will have a lock-up period of 3 months, followed by a linear unlock over 9 months.
Derive originated from the Lyra project within the Synthetix ecosystem and was independently spun off in 2021. After the completion of this repurchase, Synthetix will integrate Derive's front-end technology and RWA professional advantages. Currently, this trading proposal still requires approval through community voting from both parties.