Kain Warwick, founding father of Synthetix, discusses the launch of the COMP token this week, together with:

  • why the value of COMP tokens popped
  • how this now meant that the governance of the Compound protocol was now within the fingers of the neighborhood
  • whether or not liquidity mining in DeFi is much like or completely different from transaction mining on centralized exchanges
  • what the value leap in COMP on day 1 means for a future DeFi bull market
  • why Kain believes he’s already seeing Bitcoin flowing into alts and DeFi tokens
  • what this implies for VCs who invested in layer 1 tasks

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Episode hyperlinks: 

Kain Warwick: https://twitter.com/kaiynne

Synthetix: https://www.synthetix.io

Tweet storm on what he bought mistaken about COMP: https://twitter.com/kaiynne/status/1272875213319856129

Governance of Compound now in fingers of the neighborhood: https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3

Tushar Jain’s tweet: https://twitter.com/TusharJain_/status/1272696517258883072 

Why Kain thinks COMP popping on its first day is a harbinger of a DeFi bull market: https://twitter.com/kaiynne/status/1272723560260198402?s=20

DeFi Weekly: https://defiweekly.substack.com/p/comp-lessons-and-learnings-651

Deribit on how this will create community results: https://insights.deribit.com/market-research/supercharging-network-effects-in-crypto/

Tweet storm on the BTC dominance cycle: https://twitter.com/kaiynne/status/1269792683616120833?s=20 

Tom Shaughnessy tweet on how there’s no extra competitors between layer 1s — it’s extra about DeFi: https://twitter.com/Shaughnessy119/status/1272373784616542209

Related ideas by Spencer Midday: https://twitter.com/spencernoon/status/1273403731586023431?s=20

Hyperlinks from information recap:


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