Update sip-411.md

content/sips/sip-411.md

@@ -12,7 +12,7 @@ release: TBD
 ## Simple Summary
 This proposal seeks to acquire Kwenta, the leading Synthetix front end, and relaunch Synthetix Exchange. 
 
-Approval will only be achieved should the Spartan Council approve SIP-411 and the Kwenta Council approve KIP-137.
+The transaction will only take place should the Spartan Council approve SIP-411 and the Kwenta Council approve KIP-137.
 
 This strategic acquisition marks a significant milestone in Synthetix’s commitment to expand its capabilities, generate alternative revenue streams for SNX tokenholders and become the premier decentralised derivatives protocol.
 
@@ -24,7 +24,7 @@ This SIP proposes to acquire Kwenta via a token<>token transaction on the follow
 
 The proposed transaction price is at a 19% discount to the 30 day average KWENTA/SNX ratio. This reflects the relative liquidity of the SNX and KWENTA tokens. Synthetix frequently trades over $20m per day on leading exchanges such as Binance, OKX and Coinbase. Kwenta generally trades $100k per day. 
 
-To fund the acquisition, Synthetix will issue 9,050,375 new SNX tokens. This represents a 2.8% inflation over 1 year. 
+To fund the acquisition, Synthetix will issue up to 9,050,375 new SNX tokens. This represents a 2.8% inflation over 1 year. 
 
 ## Motivation
 Vertically integrating a front end will help Synthetix in achieving its mission to become the liquidity layer of DeFi. For many reasons, Synthetix not owning a front end has proven to be a strategic error. The primary reasons are that Synthetix lost control of the point where customers most interact with their perp engine, and the commercial model has historically not proven to be sustainable for front ends. Reuniting Synthetix and Kwenta is the solution to offering a competitive perps product.
@@ -54,7 +54,7 @@ This acquisition is for everything related to Kwenta, including but not limited
 The proposed transaction price is at a 19% discount to the 30 day average KWENTA/SNX ratio. This reflects the relative liquidity of the SNX and KWENTA tokens. Synthetix frequently trades over $20m per day on leading exchanges such as Binance, OKX and Coinbase. Kwenta generally trades $100k per day. 
 
 ### Funding the acquisition
-Synthetix will mint 9,050,375 new SNX tokens to cover the cost of the acquisition. These tokens will be locked for 3 months and will vest linearly over 9 months after the locked period. This token mint represents an inflation of 2.8% to the total token supply over the following year. This token inflation should be more than compensated by the value added by integrating a front end into Synthetix. The total number of SNX required for the acquisition may be adjusted following due diligence should both councils approve the acquisition.
+Synthetix will mint up to 9,050,375 new SNX tokens to cover the cost of the acquisition. These tokens will be locked for 3 months and will vest linearly over 9 months after the locked period. This token mint represents an inflation of 2.8% to the total token supply over the following year. This token inflation should be more than compensated by the value added by integrating a front end into Synthetix. The total number of SNX required for the acquisition may be adjusted following due diligence should both councils approve the acquisition.
 
 The decision to issue tokens was chosen over other financing options due to several advantages:
 - **Liquidity for Kwenta token holders** - their current token holders are liquidity trapped and do not have an avenue to sell a meaningful amount without receiving a significant amount of slippage.