Bankless EthCC #2 | Kain Warwick - "The Crypto Fees Boom"
Jul 29, 2022
Kain Warwick, the founder of Synthetix and a prominent voice in decentralized finance, shares his insights on the shifting landscape of crypto markets. He highlights the significance of user fees and their impact on the future of DeFi. The discussion touches on the potential of Layer 2 solutions and how they can facilitate liquidity. Kain also reflects on the community dynamics observed at the Ethereum Community Conference, emphasizing the transition from a bear to a build market, and the importance of establishing a sustainable and profitable DeFi ecosystem.
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EthCC 2021 COVID Scare
- Kain Warwick and David Hoffman reminisce about their encounter at EthCC 2021, where they both took rapid COVID tests.
- Hoffman later tested positive, making Warwick the last person he saw before experiencing symptoms.
L2 Narrative Breathing Room
- Kain Warwick observes a shift in focus from alt-L1s to L2s at EthCC 2022.
- He believes negative price action has exposed the unsustainable nature of some alt-L1 ecosystems, leading to renewed interest in Ethereum's scaling solutions.
Multi-L2 Thesis
- Kain Warwick is fully committed to the multi-L2 thesis on Ethereum, dismissing the idea of L1 making a comeback.
- He emphasizes the need for the community to deploy on L2s, regardless of the specific solution.