2min chapter

The Defiant - DeFi Podcast cover image

Synthetix's Kain Warwick: What it Takes to Scale an Ethereum DeFi Protocol

The Defiant - DeFi Podcast

CHAPTER

Synthetics Is a Little Bit Like Maker in Tat

Synthetics is a little bit like maker in tat it allows for someone to put up crypto collateral and borrow against that collateral, and what you borrow is a stable coin that the protocol sort of ages. The people who are collateralizing this network are now responsible for managing the exposure to all these different assets. They're the counter party to these trades. And so it's more challenging ad a little bit more difficult to kind of be a staker within synthetics than, say, something like make orliquity.

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