Resource Library>Podcast>Kain Warwick on the Past, Present, and Future of DeFi
Kain Warwick on the Past, Present, and Future of DeFi

In this episode, we sit down with Kain Warwick, founder of Synthetix and one of DeFi’s earliest innovators. Kain explains how Havven became an early stablecoin system, how the team solved multi-asset debt tracking, and why oracle design shaped the project’s evolution. He walks through the challenges of synthetic assets, the rise of perpetual futures, and the shift toward hybrid on-chain/off-chain trading models. We also discuss lessons from Terra Luna, the 2019 oracle exploit, and how Infinex aims to simplify professional-grade DeFi trading.

Participants
Kain Warwick
Founder, Synthetix
Giorgio Zinetti
CTO, Cardano Foundation
Published December 9, 2025 in Podcast
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