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Inverse Finance Acquires Tonic Finance in Possible First DeFi Protocol Merger by Cointelegraph

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Inverse Finance acquires Tonic Finance in possible first DeFi protocol merger

In a possible decentralized financing (DeFi) first, the Inverse Finance government today approved a proposal to buy Tonic Finance in a $ 1.6 million deal that will put Tonic under the Inverse umbrella.

Floated for the first time after “weeks of trading” in early April, Inverse Finance DAO members began voting yesterday on a proposal to acquire Tonic and hire its solo developer, Tony Snark.