According to official news, Synthetix announced the acquisition of leveraged token platform TLX through a token swap transaction, which has been approved by SIP-412 and TIP-14.
Adding leveraged tokens is the first step for Synthetix to build and provide various vault products. This is the second core phase of Synthetix's new strategy, which focuses not only on designing a decentralized liquidity layer, but also on becoming the main product issuer on it.
Synthetix is currently reviewing and auditing all TLX products, while working with the TLX team to optimize several parameters in the current implementation and will be released on Base, with plans to complete a comprehensive review, implement parameter improvements and redeploy all contracts in the next few weeks. Once the deployment is complete, the team will announce a leveraged token incentive plan to start in 2025.