Synthetix

Kain Warwick—DeFi OG and founder of Synthetix and Infinex—is back on The Defiant Podcast with Camila Russo for a no-BS conversation at a pivotal moment: Infinex just ran its INX token sale and is heading into its TGE. We get into: Why Kain believes DeFi’s biggest bottleneck isn’t “more decentralization,” but UX + distribution The hard lesson OG DeFi learned: users won’t “learn to love complexity”—the product has to be holistically better The INX sale controversy: $2,500 cap → cap removed, one-year lockup stays, and why he says the sale “didn’t need to happen” (but still closed) What he’d do differently: market-driven pricing for locked vs. liquid tokens (and why he thinks the liquidity premium is brutal right now) Kaito / InfoFi: how incentives turned crypto Twitter into slop—and why he thinks it “blew up the public square” What INX actually does: early access, fee discounts, governance—and what demand looks like from power users Infinex’s product roadmap: Safe support, hardware wallets, integrating “competitors” like Hyperliquid, and the real metric he watches—share of wallet The bigger vision: a one-stop, non-custodial front-end that can serve both whales and newcomers (and why that’s the only way DeFi competes with fintech) Subscribe for more founder interviews and deep dives from The Defiant.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

This week, Kain Warwick joins the show to discuss building Infinex and the march towards TGE. We deep dive into Kain's experience building in crypto, the next stage for Infinex, taking down CEXs, running a startup, dealing with drug addiction & more. Enjoy! -- Follow Kain: https://x.com/kaiynne Follow Jason: ⁠https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- Zcash is encrypted Bitcoin. Your digital bill of rights securing your freedom for the 21st century. Buy, store and spend ZEC privately using Zashi Wallet download today: https://electriccoin.co/zashi/ -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- GEODNET is the world’s largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries. Discover how GEODNET is changing the world: [https://geodnet.com] -- (00:00) Intro (05:36) Investing vs Building In Crypto (13:11) The Opportunity For Prediction Markets (17:51) Ads (Zcash, Katana) (18:48) What's Next For Infinex? (21:39) Taking Down Centralized Exchanges (30:52) Why Infinex Is Launching A Token (38:38) Ads (Zcash, Katana) (39:50) The Problem with Airdrops (52:10) Most Influential Accounts on CT (56:42) Ads (Goednet) (57:27) Surviving in Crypto (01:00:50) Dealing with Drug Addiction (01:07:10) Running A Startup (01:08:57) Where Are We in The Cycle? -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick, founder of Synthetix and Infinex, is returning to Ethereum Layer 1 with a bold new experiment: a perpetuals DEX built directly on mainnet. In this episode, he joins Laura to explain why Synthetix is taking this contrarian step, how its hybrid “optimistic order book” can run efficiently on Ethereum’s slower block times, and why he believes the future of trading will move fully on-chain. Warwick also discusses the tradeoffs behind using USDT, what it will take to match centralized exchange performance, and his “super app” vision for how DeFi platforms could finally outcompete CEXs. Thank you to our sponsor, ⁠Binance⁠! Guest: Kain Warwick, Founder of Infinex and Synthetix Links: The Superapp Thesis by Kain Warwick Blockwork’s Dan Smith on Spreads for ETH-USD Timestamps: 🔥 0:00 Introduction and ads: Binance ⚙️ 0:56 Why Synthetix is launching a perps DEX directly on Ethereum mainnet ⏳ 5:18 How a perpetuals exchange can even work on slow Ethereum block times 🔍 10:34 How transparency will differ from other onchain trading venues 🏗️ 13:53 Why Kain believes being on Ethereum mainnet still matters 🧱 17:00 The challenges of operating on L1—margin posting, gas costs, and more ⚔️ 21:43 How Synthetix plans to compete in an overcrowded perps DEX landscape 💣 24:33 How liquidations on an Ethereum perp DEX would play out during a Black Friday-like crash 🕵️‍♂️ 29:32 How traders could maintain privacy while staying fully decentralized 🌐 31:57 Why a perps DEX on mainnet could reshape Ethereum DeFi 💵 34:25 Why Synthetix is using USDT—despite its centralization risks 🏦 37:28 Which premium assets will serve as collateral 📱 39:36 Inside Kain’s “super app” vision for DeFi’s next evolution 🏁 50:31 Why Kain is fired up about Synthetix’s upcoming trading competition Learn more about your ad choices. Visit megaphone.fm/adchoices

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

As DeFi continues to evolve, the challenge of finding a balance between decentralization and protection from all manner of exploits persists. The founder of Infinex, Kain Warwick, joined the show to talk about: How crypto market makers have at times veered into “all-out crime” What market making looks like today Playing chart games with token allocations What Kain looks at when evaluating tokens Why Binance kicked a MOVE market maker off its platform The $JELLY attack on Hyperliquid and the problem of centralization in DeFi What problems in crypto Kain is attempting to solve with Infinex Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Bitwise Guest: Kain Warwick, founder of Infinex App and Synthetix Previous appearances on Unchained: 2025 Will Be a Year of Crypto Competition. Can Ethereum Make a Comeback? Links: Crypto Market Making Kain Warwick: Discussion about market makers Binance: What happened with MOVE on Binance Coindesk: Binance Offboards Market Maker That It Said Made $38M Profit on MOVE Listing Bloomberg: Citadel Securities Plots Jump Into Crypto Trading After Trump’s Embrace Hyperliquid Unchained: Hyperliquid Saved Itself a $15 Million Loss, but Sparked Criticism Infinex The Block: Synthetix founder Kain Warwick launches Infinex The Block: Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale as total amount raised hits $67.7 million Timestamps: 👋 0:00 Intro  💭 03:30 Thoughts on crypto market makers 🙊 05:54 ICO-era market makers engaging in ‘all-out crime’ 🦹 09:33 Extracting value in an inefficient market 💸 11:28 How crypto market making has evolved in recent years 😨 16:53 The low float meta problem 📊 19:49 Why Kain evaluates tokens on FDV rather than market cap ⁉️ 25:06 What happened with MOVE on Binance 😱 31:14 Citadel as a market maker? 🥷 35:48 The $JELLY attack on Hyperliquid and the problem of centralization 🔧 44:59 The problems Kain is trying to solve with Infinex 🌎 54:13 Building a web vs. mobile app 👂 56:17 Echo group integration with Infinex Learn more about your ad choices. Visit megaphone.fm/adchoices

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

This week’s Weekly Rollup, David and Kain Warwick dive into Argentine President Milei’s LIBRA fiasco and Strategy’s bold $2B Bitcoin play, while we check out the new Kaito airdrop making waves. We also explore Ethereum’s biggest upgrade yet—Pectra—plus Monad’s high‐speed L1 testnet launch. Finally, we dig into the SEC’s fresh “CETU” cyber unit and what the brand‐new Infinex platform means for DeFi. Tune in for all the drama and alpha happening in the third week of February! ------ 📣RESERVE | INVEST IN CRYPTO NARRATIVES  https://bankless.cc/reserve ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax  🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  🌐CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo  🦋MORPHO | CRYPTO-BACKED LOANS  https://bankless.cc/Morpho  🏦ONDO | INSTITUTIONAL GRADE FINANCE https://bankless.cc/Ondo   ----- ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/38  ------ TIMESTAMPS & RESOURCES 0:00 Intro, Libra, Memecoins, & ICOs https://x.com/KobeissiLetter/status/1890611964994363769  https://dexscreener.com/solana/bzzmnvfm7t6zsgfelxzermrxfkanldo4fszvsisxcszz  https://x.com/bubblemaps/status/1890531084221182326  https://x.com/JMilei/status/1890606683291779195  https://x.com/KelsierVentures/status/1890914579493863532  https://x.com/MemeCoin_Track/status/1892324967196569675  https://x.com/JupiterExchange/status/1891181433588470052  https://x.com/hellochow/status/1891341548115149190  https://x.com/stoolpresidente/status/1891285564713836830  https://x.com/KobeissiLetter/status/1890611982320971992  https://www.bloomberg.com/news/articles/2025-02-18/argentina-scandal-fuels-selloff-on-favorite-memecoin-platform  https://x.com/RunnerXBT/status/1891400277535703389  https://polymarket.com/event/milei-out-as-president-of-argentina-in-2025?tid=1740070784399  29:59 Markets https://www.strategy.com/press/strategy-announces-proposed-private-offering-of-2b-of-convertible-senior-notes_02-18-2025  38:51 Kaito Airdrop https://yaps.kaito.ai/  https://x.com/KaitoAI/status/1890379872280682548  https://www.coingecko.com/en/coins/kaito  https://x.com/divine_economy/status/1892597817434145113  https://x.com/smyyguy/status/1892585101873033380  53:16 Ethereum’s Pectra Upgrade https://x.com/sassal0x/status/1890534315148132521  1:00:21 Monad launched a public testnet https://x.com/monad_xyz/status/1892227817149997212  1:00:47 SEC Launches New Cyber Unit ‘CETU’ Aims to Protect From Bad Actors https://www.sec.gov/newsroom/press-releases/2025-42  1:06:52 Infinex https://x.com/infinex_app/status/1887028112099283198  1:11:29 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick, founder of Synthetix and Infinex, discusses the evolution of DeFi and the trade-offs required to improve user experience while maintaining decentralization. He explains how Infinex aims to offer a more accessible, centralized exchange-like interface while remaining non-custodial, addressing long-standing UX challenges in DeFi. Warwick also reflects on Synthetix’s recent governance restructuring, competition from Hyperliquid, and the potential shift back to a stablecoin-focused model. Looking ahead, he highlights the importance of regulatory clarity, improved infrastructure, and greater accessibility in driving the next phase of DeFi growth. Chapters 00:00 - Introduction to Kain Warwick 00:15 - Kain’s history in DeFi 01:26 - Motivation behind Infinex and staying in crypto 02:21 - Challenges of bull and bear markets 05:55 - The idea behind Infinex and UX innovation 08:40 - Trade-offs in building a user-friendly DeFi platform 17:05 - Passkeys and the seamless user experience 24:26 - Adoption metrics and user growth 26:51 - Future roadmap: Bitcoin, XRP, and Doge integration 33:08 - The Patron NFT sale: Lessons learned 37:19 - Synthetix updates: Governance and structural changes 39:27 - The role of attention in crypto success 47:50 - Synthetix’s stablecoin pivot and liquidity strategy 51:14 - Differentiating Synthetix’s stablecoin from others 54:03 - Avoiding the pitfalls of past algo stablecoins ✨ Check out our new website ✨ https://thedefiant.io/ 🚀 Sign up to our newsletter 🚀 https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup 🤑 Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.com/invite/3SdRdEs5ag Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews 📬 Contact our Newsroom editorial@thedefiant.io 🤝 Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Ethereum, once the undisputed leader in the smart contract ecosystem, is facing intense competition from Solana, which has outpaced Ethereum on key metrics such as developer growth. Meanwhile, debates rage within Ethereum’s community over governance, scalability, and the Ethereum Foundation’s leadership. Adding to the disruption, AI agents are rapidly reshaping DeFi and token launches, reducing barriers to entry and creating new opportunities—and risks—for founders and investors. Is this the next big leap for crypto or just the latest bubble? In this episode, Marc Zeller of Aave Chan Initiative and Kain Warwick of Infinex discuss Ethereum’s future, the role of AI in DeFi, and whether Solana’s momentum will continue. They also share bold predictions for crypto in 2025 and debate whether Ethereum’s fragmented ecosystem can still deliver on its promise. Show highlights: 03:35 Why 2024 became a turning point for the crypto ecosystem 07:02 How AI agents could reshape onchain innovation and public discourse in 2025 14:47 Whether AI agents might soon compete with VCs 22:10 Why fundamentals-driven crypto projects will gradually dominate the market, according to Marc 26:05 Whether Solana will continue to steal Ethereum’s thunder 37:56 Is Base cannibalistic to Ethereum? Can Base or Ethereum compete with Solana? 42:53 Where the ETH ecosystem is headed and whether it can overcome issues of fragmentation, lack or interoperability, so many L2 tokens detracting from the ETH price 52:30 Whether Coinbase's deep commitment to Ethereum is causing it to discriminate against Solana 1:00:10 How Ethereum's reputation rises and falls with its price action, not its fundamentals, per Kain 1:08:43 What the purpose is of the Ethereum Foundation and whether it should change its approach 1:24:57 Why Kain doesn’t think the native rollups proposal is tenable  1:31:12 Whether Ethena is depressing the price of ETH 1:34:00 What Kain and Marc think about crypto-specific phones, especially the Solana Seeker 1:42:07 Kain’s and Marc’s predictions for 2025 Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Stellar Build Better  Robinhood & Arbitrum Kelp DAO Polkadot Guests: Marc Zeller, founder of Aave Chan Initiative Kain Warwick, founder of Infinex Links Unchained: Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto and Stablecoins Unchained: 2024 Was Solana's Best Year Yet. Can It Sustain the Momentum in 2025? Unchained: What's the Best Way for Ethereum to Grow? Two Ethereans Debate The Block: Long-running Ethereum newsletter shutting down, cites lack of funding Unchained: How Solana Beat Out Ethereum to Nab New Crypto Developers in 2024 Evan Van Ness’ tweet on the newsletter shutdown  EF’s Josh Stark’s reply to Van Ness Unchained: Vitalik Has Gone 'Founder Mode.' Is This Just What Ethereum Needs? Marc’s proposal about the EF  0xMawuko’s tweet on ETH governance  Unchained: Are Layer 2s Failing Ethereum? A New Proposal Advocates for Native L2s Ben Lilly’s tweet on Ethena possibly suppressing the price of ETH Learn more about your ad choices. Visit megaphone.fm/adchoices

Marc Zeller

Founder

Aave Chan Initiative

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Do you think you’ve got what it takes to become a founder in crypto? On the show today we’ve got 8 of crypto’s most famous and successful builders in crypto, each with about 15 minutes in time, giving you the wisdom they gained founding their own companies. We’re joined by Jesse Pollack from Base, Jeremy Allaire from Circle, Anatoly from Solana, Stani from Aave, Kain from Synthetix, Mike & Jason from Blockworks, Kevin Owocki from Gitcoin and Lucas from Jito. Each one with their own perspectives, their own scars and hopefully by listening to this episode, you, the listener, can learn from their experiences to gain the confidence you need to venture into this world. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🪙 FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax  🦄UNISWAP | BUG BOUNTY PROGRAM https://bankless.cc/Uniswap-Bug-Bounty  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  🌐 CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo  ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ TIMESTAMPS 0:00 Intro 2:52 Jesse Pollack - Base 15:45 Jeremy Allaire - Circle 34:53 Anatoly Yakovenko - Solana 51:00 Stani Kulechove - Aave 1:07:48 Kain Warwick - Synthetix 1:27:06 Mike & Yano - Blockworks 1:44:16 Kevin Owocki - Gitcoin 1:59:19 Lucas Bruder - Jito ------ RESOURCES Jesse Pollack - Base https://x.com/jessepollak   Jeremy Allaire - Circle https://x.com/jerallaire   Anatoly Yakovenko - Solana https://x.com/aeyakovenko   Stani Kulechove - Aave https://x.com/StaniKulechov   Kain Warwick - Synthetix https://x.com/kaiynne   Jason Yanowitz - Blockworks https://x.com/jasonyanowitz   Mike Ippolito - Blockworks https://x.com/MikeIppolito_   Kevin Owocki - Gitcoin https://x.com/owocki   Onchain Capital Allocation Handbook  https://allobook.gitcoin.co/   Lucas Bruder - Jito https://www.linkedin.com/in/lucasbruder/   ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠

Jesse Pollak

Creator of Base

BaseCoinbase

Jeremy Allaire

Co-Founder and CEO

Circle

Anatoly Yakovenko

CEO & Co-founder

Solana LabsSolana

Stani Kulechov

Founder

AaveLens ProtocolAave LabsAvara

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Mike Ippolito

Co-Founder

Blockworks

Jason Yanowitz

Co-Founder

Blockworks

Kevin Owocki

Founder

GitcoinSupermodular

Lucas Bruder

CEO

Jito Labs

Joining us today is Kain Warwick. Not to fight, but to talk about his exciting new project called Infinex.  Infinex aims to replace crypto's centralized exchange experience and bring it all onchian. It's ambitious, but if it works, could change the way we think about DeFi and navigate across chains forever.  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle    🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku   ------ ✨ Mint the episode on Zora ✨https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/78 ------ TIMESTAMPS 00:00:00 Intro 00:04:29 Infinex 00:12:44 The Infinex Tech Stack 00:20:45 Optimizing Across Protocols 00:27:00 The Centralization Tradeoff 00:29:04 Key Tech Unlocks 00:34:48 Managing Protocol Risk 00:42:33 Transaction Experience & Security 00:50:40 Patron Sale 00:56:55 Future Growth Plans 01:00:29 Fight Commentary ------ RESOURCES Kain Warwick - https://x.com/kaiynne  Infinex - https://x.com/infinex_app  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick is the founder of Synthetix, an OG DeFi protocol which allows users to mint and trade a wide variety of synthetic assets, including cryptocurrencies, fiat currencies, commodities, and stocks, providing liquidity and exposure without the need for traditional financial intermediaries. His latest project, Infinex, is focused on solving crypto’s UX problems, aiming to make the user experience more intuitive and accessible for all. During EthCC[7], we had the opportunity to interview Kain to dive deeper into Infinex and the solutions they’re planning to solve Crypto UX. 0:00 Synthetix and Infinex 4:05 Incentive Schemes 8:00 Crates 11:35 NFT Governance Token 15:21 Integrations 17:40 Infinex Vision 23:00 Passkeys 28:30 Infinex Business Model 36:46 Synthetix 38:35 DeFi Our sponsor https://stellar.org/soroban?utm_source=defiant&utm_medium=cpc&utm_campaign=defiant_podcasthttps://zkverify.io/?utm_source=defiant&utm_medium=pd&utm_campaign=ad_1http://playfi.ai/ ✨ Check out our new website ✨ https://thedefiant.io/ 🚀 Sign up to our newsletter 🚀 https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup 🤑 Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.com/invite/3SdRdEs5ag Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews 📬 Contact our Newsroom editorial@thedefiant.io 🤝 Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick is the co-founder of the DeFi protocol Synthetix, and a partner at the crypto VC firm Bodhi Ventures. In this episode, Warwick discusses the brokenness of the traditional venture capital model and how it has led to the emergence of new fundraising mechanisms in the crypto space. OUTLINE 00:00 Introduction 00:41 Warwick's Crypto Journey 02:37 Synthetix History 04:47 RWA Trends 11:42 Tokenized Commodities 15:15 Crypto VC Trends 25:19 Airdrop Mechanism Design 27:56 Points 31:12 Early-Stage Inefficiencies 40:49 Deal Flow This episode is brought to you by our sponsor Polkadot Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network The Block Community The Block is launching a new community experience for fans of The Scoop! Follow us on Lens on stay in the loop: hey.xyz/u/theblockcommunity The Block Newsletters The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

In this episode, Kain Warwick, the founder of Infinex, shares his lessons learned from building in crypto. He delves into the founder's dilemma of balancing innovation with simplicity, discussing the pitfalls of overcomplicating projects and the importance of iterative development. Kain also shares his experiences with token launches, incentive design, and regulatory challenges. To close out, Kain emphasizes the crucial role of empirical evidence in guiding decision-making and the need for founders to adapt to the ever-evolving crypto landscape. Thanks for tuning in! - - Follow Kain: https://x.com/kaiynne Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Timestamps (00:00) Introduction (00:36) Kain's OG Background (11:23) Founding in Crypto (22:04) Building in Crosschain DeFi (31:09) Managing Sybil Attacks (49:09) Private vs Liquid Tokens (01:01:17) Points Programs (01:05:14) Lessons Learned from Synthetix - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

In today's episode of Empire, Kane Warwick returns to unpack Synthetix V3, the design thinking behind Infinex, and the challenges of decentralized governance. We explore funding rates, arbitrage opportunities, and what it will take to bring the DeFi trading experience to parity with centralized exchanges. Kane also provides his philosophical views on building in public, the societal benefits of open source crypto, and the pressures of "decentralization theater." We hope you enjoy! - - Follow Kain: https://twitter.com/kaiynne Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Planning to grant token awards for your team? Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax support to grant and administer your global team’s tokens. Toku navigates it across the lifecycle — from easy to use token grant award templates through tracking vesting to managing tax withholdings. Make it simple today, at https://www.toku.com/empire - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use EMPIRE20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Timestamps (01:20) The Infinex & Synthetix Experiment (03:23) Synthetix Post Luna & FTX (13:23) Matching the CEX Experience Onchain (24:19) Perps Mechanism Explained (34:46) DAS 2024 (36:00) Chronicle Ad (37:21) Fragmentation of Users on L2s (46:08) Revenue Model & DAO Governance (54:25) The Case for Decentralized Governance (01:06:22) Improving DAO Efficiency (01:13:56) Benefits of Building in Public - - Resources: Synthetix: A fork in the road. https://mirror.xyz/kain.eth/lVhI3TWwpzPHSsFwUvcRFTz_8IBhdrOYC0ojtkvLbNY - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

In today’s episode, we’re exploring the frontier of the multi-chain Ethereum roadmap. Synthetix has been leading this charge as it pertains to the application layer of Ethereum.  David is joined by Synthetix’s Founder, Kain Warwick in person in David’s Brooklyn studio. “Synthetix, A New Hope,” is a recent blog post Kain wrote and is a main focus for today’s episode.  ----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables  ------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠ 🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  ⁠ 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠ 🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap  🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo  ------ TIMESTAMPS 0:00 Intro 7:08 Synthetix Networks  8:50 Growth Complexity  9:50 Phases of Complexity of Apps  14:00 Elaborating the Problem Layers  15:25 Paramartizing Risk 19:00 Defining the Problem(s) 21:00 Likelihood of Solution(s) 24:05 3 Paths of Fragmented Liquitidy  31:40 Chainlink’s CCIP  32:50 Optimism  36:00 MakerDAO 36:55 dYdX Model  44:25 Free Market Model  47:00 Other Solution Tools  55:15 Cross-Chain Shared Execution  57:50 Kain & Synthetix Main Focuses 59:00 Timeline  59:50 Other Components of Synthetix  1:02:25 Kain’s Thoughts on Regulation  1:08:13 Final Messages  1:09:15 Closing & Disclaimers  ----- RESOURCES Kain Warwick https://twitter.com/kaiynne   Synthetix, A New Hope https://mirror.xyz/kain.eth/tAXGVKMTYM8K2gUOQq9JDQ1wyV_5Msdlrn_AtmiCGEI  ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

In this episode of Empire, we are joined by Kain Warwick, founder of Synthethix and crypto OG. Kain explains the concept of centralized insanity and how crypto is finally ready for the next bull cycle. We cover Synthetix's evolution, Ethereum's outlook, crypto infrastructure, what will cause the shift to decentralized products, DeFi's most important metric and more! Kain is one guest you won't want to miss! - - Timestamps: (00:00) Introduction (02:18) DeFi Summer 2020 (05:29) The Synthetix Evolution (09:29) Ethereum’s Outlook and Alt L1 Cycles (23:25) A Shift From Infra to Apps (27:47) Quicknode Ad (29:34) Synthetix Ad (31:13) Centralized vs Decentralized Trading (36:20) Regulators are Stuck in the Past (43:43) Future of Stablecoins (47:08) Centralized Insanity, Base and DeFi Summer 2.0 (52:43) A Focus on Revenue (01:01:30) Synthetix v3 and the Value of Composability (01:18:34) Fire Round - - Follow Kain: https://twitter.com/kaiynne Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - This episode is brought to you by Quicknode. QuickNode is an end-to-end blockchain developer platform that makes building Web3 apps easy. Go to QuickNode.com and use code Empire for a free month on their feature-packed Build Plan! - - This episode is brought to you by Synthetix. Synthetix Perps is the most efficient decentralized perpetual futures engine, with 5/10 bp fees and up to 25x leverage. With a growing list of over 20 tradable markets, Synthetix Perps are available on Optimism via Kwenta.io and Polynomial.fi, with more coming soon! As a permissionless liquidity layer, Synthetix makes it easy for any protocol to integrate perps and earn 5%-10% of trade fees. - - Resources Synthetix https://synthetix.io/ https://twitter.com/synthetix_io - -  Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

This week on The Defiant Podcast, Tegan Kline chats with Kain Warwick, crypto OG and founder of Synthetix. Synthetix is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain. Today, we dive into what's next for Synthetix with the latest V3 launch, and what will cause the next big leg up in DeFi - what we’re calling DeFi Summer 2. We go on to discuss the differentiation between different perpetual products that exist in crypto, and how Synthetix made the decision to launch on a Layer 2 so quickly and burn all bridges behind them. And it gets pretty spicy with some tea on FTX and 3AC. Before we dive into it, Kain tells us what he's been up to since we last spoke to him about what it takes to scale Ethereum.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

In this episode of Empire, Jason and Mike are joined by Kain Warwick, founder of Synthetix. This is one of my favorite episodes where we discuss why protocol fees are the next meta, the value of liquidity mining and token incentives, Synthetix's roadmap, protocol-specific stablecoins and much more! - - (00:00) Introduction (02:06) Protocol Revenue KPIs (10:40) Do open-source protocols have moats? (19:55) Airdrops, liquidity mining and attempts to grow TVL (28:00) Framing the cost of liquidity mining: cash vs equity (31:43) B2B permissoned composability and Protocol M&A (37:56) Token supply caps & path dependency (49:35) Should protocols retain or distribute fees (52:10) Payment for order flow (54:36) Synthetix’s End Game (1:00:16) Why DAOs will outcompete traditional organizations (1:04:38) Synthetix v3, Regulation and Liquidity-as-a-Service (1:12:46) Why Synthetix is removing inflation (1:16:04) Protocol-specific stablecoins & MakerDAO’s USDC reliance - - Follow Kain: https://twitter.com/kaiynne Follow Jason: https://twitter.com/JasonYanowitz Follow Mike: https://twitter.com/MikeIppolito_ Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw - - Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

🇫🇷 Welcome to the Bankless EthCC 2022 Experience 🇫🇷 With fantastic guests from all corners of the ecosystem, this 8-part series is an exploration of crypto culture and the current state of Ethereum. With Episode 2, Kain Warwick from Synthetix joins us to frame the next bull market. Pockets of DeFi are heating up, the Layer 2 narrative has room to breathe, and electricity (hopefully not COVID) is in the air. ------ 📣Rhino.Fi | Massive Mystery Airdrop https://bit.ly/3o9trRE ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/   ------ BANKLESS SPONSOR TOOLS:  🌱 LENS | ACCESS CODE: WAGMI https://bankless.cc/Lens 🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno ⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync ------ Topics Covered: 0:00 Intro 3:30 Kain Warwick 5:20 EthCC 2022 8:05 Alt Layer 1s 13:00 Layer 2 Vibes 16:00 The Fees Boom 18:27 Kain vs Su Zhu 21:17 Bull Market Goggles 23:14 Setting up the Next Bull ------ Resources: Kain on Twitter: https://twitter.com/kaiynne ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick, founder of Synthetix, and Ben Jones, cofounder and chief scientist at Optimism Foundation, discuss the current state of Ethereum Layer 2s, Optimism’s new governance structure, why Synthetix chose to build on Optimism, and more. Show topics: what Optimism and Synthetix are how zero-knowledge rollups differ from optimistic rollups why Synthetix decided to build on Optimism what makes L2s more enticing to build on than other L1s how Optimism’s governance is going to change with the launch of the Optimism Collective and OP token what issues Synthetix has had with Discord governance and early token voting, and how they have now solved this by forcing users to consolidate wallet addresses what retroactive public goods funding is and how it could create a “flywheel” of development on Optimism why whales might be excluded from Optimism’s token grant to Synthetix why Ben thinks the future is about the “superchain” rather than multi-chain  what Kain and Ben think about bridging between L2s and Mainnet why Optimism is a staunch backer of EIP 4844 how the merge could affect Optimism and Synthetix Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021      Coinchange: https://coinchange.io    OnJuno: https://onjuno.com/    Episode Links   Guests Ben Jones: https://twitter.com/ben_chain Kain Warwick: https://twitter.com/kaiynne    Synthetix https://twitter.com/synthetix_io   Optimism https://twitter.com/optimismPBC    Optimism Collective https://optimism.mirror.xyz/gQWKlrDqHzdKPsB1iUnI-cVN3v0NvsWnazK7ajlt1fI    Synthetix Launching on Optimism https://blog.synthetix.io/optimism-launch-announcement/    Synthetix Governance https://docs.synthetix.io/governance/    Kain’s Blog https://blog.synthetix.io/author/kain/    Rollups What are the biggest risks to optimistic rollup chains? https://vitalik.ca/general/2021/01/05/rollup.html#:~:text=Anatomy%20of%20a%20fraud%20proof  What is the difference between optimistic and ZK rollups? And why did Synthetix choose Optimism? https://blog.matter-labs.io/optimistic-vs-zk-rollup-deep-dive-ea141e71e075    EIP 4844 https://eips.ethereum.org/EIPS/eip-4844 https://www.eip4844.com/   The Merge https://unchainedpodcast.com/why-ethereums-merge-was-delayed-and-why-it-wont-reduce-gas-fees-much/    Kain’s previous Unchained appearances Ethereum killers episode https://unchainedpodcast.com/how-solana-and-binance-smart-chain-could-take-ethereums-lead/ How Synthetix became the second-largest DeFi platform https://unchainedpodcast.com/how-synthetix-became-the-second-largest-defi-platform/ DeFi summer https://unchainedpodcast.com/why-comp-5xed-on-day-1-and-what-this-means-for-a-defi-bull-market/    Optimism’s Bridging Solution https://twitter.com/optimismPBC/status/1517548430297604096  Learn more about your ad choices. Visit megaphone.fm/adchoices

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Ben Jones

Co-Founder

OptimismOptimism FoundationData Literacy

This week, we sit with Kain Warwick, DeFi OG and founder of Synthetix. In some ways, last year wasn’t a great one for the synthetic assets protocol. As many DeFi projects boomed, SNX’s price and TVL dropped. Kain says he was too optimistic about how soon Synthetix would be able to scale with optimistic roll-ups. If he were to do things again, he would probably use Polygon first and move to Optimism once the solution was ready. But last year was also a time to build on a strong foundation. He’s looking forward to the months to come, when all of that effort hopefully comes to light, with the protocol fully live on Optimism, with perpetual swaps expected to be launched too. He’s a firm believer that Ethereum and its Layer 2 solutions will capture the most value being built in DeFi and web3. Thanking our podcast sponsors: Zerion Zerion is Mission Control for Web3: an intuitive DeFi portfolio manager, multichain tracking & trading and the best place to show off your NFT collection Matcha: Matcha makes sure you’re getting the best possible price by routing orders across all the various DeFi exchanges, now with an integrated fiat on-ramp. Start trading at matcha.xyz/defiant Nexo.io: Nexo is a crypto lending and exchange platform where you can buy cryptocurrencies at the touch of a button and start earning double-digit annual interest that is paid out daily. Unstoppable Domains: Go to unstoppabledomains.com and replace your long, complex wallet address with YourName dot crypto, dot x, dot nft or a range of other endings for as low as $5.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

DAOs are heating up. In 2021, the tools and infrastructure surrounding DAOs have taken off at an incredible pace. Digital organizations have the potential to fundamentally change the way we coordinate as a species. We bring on DAO experts Kain Warwick, Cooper Turley, and Tracheopteryx to provide insights into this budding movement. What is different about DAOs? Why are we excited about them? ------ 📣 TracerDAO | Building DeFi Infrastructure. Join the Discord! https://bankless.cc/TracerDAO  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini  🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer  👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave  🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap  ------ Topics Covered: 0:00 Intro 4:00 Kain, Cooper, and Trach 6:32 Are DAOs Different? 10:55 Leadership in DAOs 16:32 Keys to a Successful DAO 23:08 Purpose and Values 29:13 Optimal DAO Size 36:20 The Goal of DAOs 41:00 Does Coin Voting Suck? 51:49 The DAO Lifestyle 57:21 Fluidity, Growth, and Community 1:04:07 The A in DAO 1:10:45 Slaying Moloch 1:15:11 How DAOs Change Lives 1:19:32 Closing & Disclaimers ------ Resources: Kain on Twitter https://twitter.com/kaiynne?s=20  Cooper on Twitter: https://twitter.com/Cooopahtroopa?s=20  Tracheopteryx on Twitter: https://twitter.com/tracheopteryx?s=20  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Cooper Turley

Creator economy investor & advisor

AudiusVariant FundCoop RecordsFriends With Benefits

Tracheopteryx

Founder

CoordinapeYearn Finance

Kain Warwick, founder of Synthetix, and Kyle Samani, managing partner at Multicoin Capital, debate the merits of Ethereum, Solana, and Binance Smart Chain. In this episode, they discuss: why Ethereum is losing market share to Solana and BSC whether decentralization matters and at what point decentralization becomes redundant why they think Solana and Binance Smart Chain need to be taken seriously as competitors to EThereum whether BSC or Solana is the bigger long-term threat to Ethereum the biggest obstacle to Ethereum’s success (and it’s not gas fees) how Ethereum will navigate fragmented Layer 2 solutions Solana and its lack of developers what differentiates DeFi from CeFi why Solana has an edge on Ethereum in terms of composability  how Ethereum will onboard new users why Kain is such an ardent backer of Ethereum why both Kyle and Kain think EIP 1559 and the potential for higher ETH prices is bad for Ethereum if Synthetix would ever consider launching a cross-chain product the viability of a multi-chain world why Kyle believes the future holds a winner-take-most blockchain ecosystem   Thank you to our sponsors! E&Y: https://ey.com/globalblockchainsummit  Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2  Kyber Network: Dmm.exchange    Episode Links   People Kyle Samani Twitter: https://twitter.com/KyleSamani  Multicoin Capital: https://multicoin.capital/  Kain Warwick Twitter:  https://twitter.com/kaiynne Synthetix: https://synthetix.io/    Content Kain’s tweet that instigated this pod: https://twitter.com/kaiynne/status/1387266949302734852 Multicoin Blogs: New $100m fund focused on Solana https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/  BNB Investment + valuation https://multicoin.capital/2019/02/19/binance-coin-analysis-and-valuation/  Investment in Solana https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/  Ethereum analysis https://multicoin.capital/2019/05/24/the-unbundling-of-ethereum/ Value Capture at Layers 1 and 2 https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/  Kain Warwick and Sam Bankman Fried podcast https://www.cryptonotes.org/2020/10/sbf-kain-blockcrunch-117/  Comparing AMMs on different blockchains https://www.coindesk.com/pancakeswap-uniswap-sushiswap-crypto-defi-exchange  BSC and Solana NFT platforms https://www.theblockcrypto.com/post/102959/binance-is-launching-its-own-nft-marketplace-in-june https://www.coindesk.com/banksy-burners-raise-3m-to-build-nft-platform-on-solana  Overview of Layer 2 solutions on Ethereum https://ethereum.org/en/developers/docs/scaling/layer-2-rollups/ Binance Smart Chain guide https://defiprime.com/binance-smart-chain Solana guide https://thedefiant.io/solana-defi-ecosystem-overview/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kyle Samani

Co-Founder & Managing Partner

Multicoin Capital

Guests: Justin Moses - CTO of Synthetix Robbie Ferguson - Co-Founder & President of Immutable Matt Finestone - Head of Business Development at Loopring We discuss how these three voices in the crypto space have been integral in building successful DeFi products on the Ethereum mainnet. Listen in for a deep-dive into the different methods these protocols have taken to implement their apps on an Ethereum Layer 2. ----- 🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ ----- 💪BECOME A BANKLESS PREMIUM MEMBER: http://bankless.cc/membership ------ AFTER THE SHOW DEBRIEF: https://shows.banklesshq.com/p/exclusive-debrief-building-layer ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave 🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 📱 DHARMA - MOBILE ONRAMP DIRECTLY INTO DEFI https://bankless.cc/dharma ------ Topics Covered: 0:00 Intro 5:14 Loopring & ZK-Rollups 13:17 Immutable NFTs & ZK-Rollups 17:31 Synthetix & Optimistic Rollups 21:03 Why Ethereum? Why Rollups? 39:24 Layer 2 Efficacy/Roadmaps 1:01:25 Composability 1:18:22 L2 On-Ramps 1:27:52 Does L2 Compete w/ ETH? 1:34:47 Closing & Disclaimer ------ Relevant Links: Synthetix https://synthetix.io/ Immutable https://www.immutable.com/ Loopring https://loopring.org/#/ An Incomplete Guide to Rollups (w/ Vitalik) https://youtu.be/wcCHlqgGSH4 ------ Don't stop at the video! Follow Bankless on Twitter https://twitter.com/BanklessHQ Follow Ryan on Twitter https://twitter.com/ryansadams Follow David on Twitter https://twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

Justin Moses

CTO

Synthetix

Robbie Ferguson

Co-founder and President

Immutable

Matt Finestone

Head of Business Development

Loopring

Episode: #30 September 14, 2020 ----- Tools from our sponsors to go bankless: 🌐 UNSTOPPABLE DOMAINS - GET A HUMAN READABLE CRYPTO DOMAIN 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS 💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY ---- Synthetix to Billions | Kain Warwick Kain Warwick is the founder of the Synthetix Platform, a protocol for generating and trading synthetic digital assets. Kain himself is known for leaning towards crypto-anarchist side of the political spectrum How did this come about? How has this impacted the building of Synthetix? Synthetix itself has stood resilient against the 2018/19 bear market. Why? What was the unique advantage of Synthetix vs other 2017 ICO platforms? What's next for Synthetix now that gas fees are 200+ gwei? WE COVER: 1) Kain's political stance 2) How this reflected in Synthetix 3) Motivation and Grit around building and producing 4) Growing Community and Culture during a bear market 5) Degen Spartan, and 6 dolla SNX 6) Introducing the SIP process 7) Introducing Yield Farming 8) Recursive upside/downside to SNX + ETH collateral in Synthetix 9) L2 scaling with Optimism 10) Bull market predictions ------ FURTHER RESOURCES: Synthetix & Optimism: https://medium.com/ethereum-optimism/synthetix-exchange-meets-the-ovm-2de3a572d6df Rate the Podcast 5 Stars ----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed Leave a review on iTunes Share the episode with someone you know! ----- Don't stop at the podcast! Subscribe to the Bankless newsletter program Watch Bankless shows and tutorials on YouTube Visit official Bankless website for resources Follow Bankless on Twitter Follow Ryan on Twitter Follow David on Twitter ----- Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.  Do your own research.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick, Founder of the Synthetix Platform, presents himself to the Bankless Nation for a live AMA! We ask him anything! No question off limits.  This is a BONUS episode. Regular podcast episode (#26) will be released tomorrow. ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest! 💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment! ----- We do AMAs every 2nd and 4th Thursday of the month.  Become a Bankless member to get access to the Zoom Webinar and ask questions to future AMA guests like Kain directly! Here's the video recording.  Kain is the founder of Snythetix, a popular synthetics and derivatives market on Ethereum. The Bankless Nation asks him questions about: High gas fees yams lol Yield farming Future vision for synthetics DeF in a Layer 2 Central bank digital currencies The final boss Eth2 What he learned from 2017 Bull market price predictions! And more.... ----- Don't stop at the show! Subscribe to the Bankless newsletter program http://bankless.substack.com/ Visit the official Bankless website for resources http://banklesshq.com/ Follow Bankless on Twitter https://twitter.com/BanklessHQ Follow Ryan on Twitter https://twitter.com/ryansadams Follow David on Twitter https://twitter.com/TrustlessState Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures

Kain Warwick, founder of Synthetix, talks about synthetic asset issuance platform, which enables people to create tokens that track the price of assets in traditional and crypto finance. We discuss the various types of assets available, why changing the monetary policy helped the ecosystem take off, why people would buy synthetic Bitcoin over Bitcoin itself, and why Uniswap has been pivotal to Synthetix's success. He covers the role the SNX token plays, why people minting synths must be over-collateralized by about 700%, and some of the changes coming down the pike, including futures, tweaks to the inflation rate, and a new oracle system. He also explains what happened when a trader made the system insolvent — and how they negotiated with the trader to keep it alive — how he thinks about decentralization and why the system's governance might one day be handled by a DAO. Thank you to our sponsors!  GiveWell: http://givewell.org/unchained Kraken: https://kraken.com/ CipherTrace: http://ciphertrace.com/unchained Crypto.com: http://crypto.com/ Episode links:  Synthetix: https://www.synthetix.io/ Synthetix on Twitter: https://twitter.com/synthetix_io Kain Warwick: https://twitter.com/kaiynne Havven transforming into Synthetix: https://blog.havven.io/havven-is-transforming-into-synthetix-2fdf727b8892 Synthetix overview: https://blog.havven.io/synthetix-overview-f4a5a6c41210 How Synthetix works: https://www.synthetix.io/how-it-works/ Synthetix lite paper: https://www.synthetix.io/uploads/synthetix_litepaper.pdf Changing monetary policy: https://blog.synthetix.io/synthetix-monetary-policy-changes/ Oracle hack: https://www.coindesk.com/synthetix-trader-rolls-back-broken-trades-that-netted-1-billion-profit Synthetix response to oracle incident: https://blog.synthetix.io/response-to-oracle-incident/ How staking works on Synthetix:  https://www.stakingrewards.com/asset/synthetix-network-token https://help.synthetix.io/hc/en-us/articles/360020245314-How-can-I-earn-Synth-exchange-rewards- Reddit complaint by trader who initially made the system insolvent: https://www.reddit.com/r/ethereum/comments/d4edxm/the_synthetix_dapp_deleted_my_balance/ Efforts to resolve the front running problem: https://sips.synthetix.io/sips/sip-6 Synthetix and Chainlink: https://blog.synthetix.io/synthetix-and-chainlink/ Kain’s tweets on the censorship vector stack: https://twitter.com/kaiynne/status/1197265019169169409?s=20 https://twitter.com/kaiynne/status/1197265044204998656?s=20 Unconfirmed episode on Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/ Defiant interview: https://thedefiant.substack.com/p/theres-a-pipeline-of-etf-like-tokens Learn more about your ad choices. Visit megaphone.fm/adchoices

Kain Warwick

Founder

SynthetixInfinexBodhi Ventures