The Defiant

This week, we sat 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.