Unconfirmed

Why COMP 5xed on Day 1 and What This Means for a DeFi Bull Market - Ep.130

06.19.2020 - By Laura ShinPlay

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Kain Warwick, founder of Synthetix, discusses the launch of the COMP token this week, including:

why the price of COMP tokens popped

how this now meant that the governance of the Compound protocol was now in the hands of the community

whether liquidity mining in DeFi is similar to or different from transaction mining on centralized exchanges

what the price jump in COMP on day 1 means for a future DeFi bull market

why Kain believes he is already seeing Bitcoin flowing into alts and DeFi tokens

what this means for VCs who invested in layer 1 projects

Thank you to our sponsors! 

Crypto.com: https://crypto.com

Nexo: https://nexo.io

DeversiFi: https://deversifi.com

Episode links: 

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

Synthetix: https://www.synthetix.io

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

Governance of Compound now in hands of the community: 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 can create network effects: 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 more competition between layer 1s — it’s more about DeFi: https://twitter.com/Shaughnessy119/status/1272373784616542209

Similar thoughts by Spencer Noon: https://twitter.com/spencernoon/status/1273403731586023431?s=20

Links from news recap:

https://unchainedpodcast.com/make-5x-on-day-1/

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