Kain Warwick, founding father of Synthetix, discusses the launch of the COMP token this week, together with:
why the worth of COMP tokens popped
how this now meant that the governance of the Compound protocol was now within the palms of the neighborhood
whether or not liquidity mining in DeFi is much like or totally different from transaction mining on centralized exchanges
what the worth 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 initiatives
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Crypto.com: https://crypto.com
Nexo: https://nexo.io
DeversiFi: https://deversifi.com
Episode hyperlinks:
Kain Warwick: https://twitter.com/kaiynne
Synthetix: https://www.synthetix.io
Tweet storm on what he received flawed about COMP: https://twitter.com/kaiynne/standing/1272875213319856129
Governance of Compound now in palms of the neighborhood: https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3
Tushar Jain’s tweet: https://twitter.com/TusharJain_/standing/1272696517258883072
Why Kain thinks COMP popping on its first day is a harbinger of a DeFi bull market: https://twitter.com/kaiynne/standing/1272723560260198402?s=20
DeFi Weekly: https://defiweekly.substack.com/p/comp-lessons-and-learnings-651
Deribit on how this may 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/standing/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/standing/1272373784616542209
Comparable ideas by Spencer Midday: https://twitter.com/spencernoon/standing/1273403731586023431?s=20
Hyperlinks from information recap:
https://unchainedpodcast.com/make-5x-on-day-1/
