On December 11, Synthetix announced that it had acquired the leveraged token platform TLX through a token swap transaction, which had previously received SIP-412 and TIP-14 approval. Synthetix stated that it is working with the TLX team to optimize several parameters in the current implementation and is fully promoting the launch on the Base chain. It plans to complete a comprehensive review, implement parameter improvements, and redeploy all contracts in the next few weeks. Once completed, Synthetix said it will announce a lucrative leveraged token incentive program heading into 2025.