Council Member @synthetix_io. Inventor of @aelinprotocol. House collector.

Ethereum
Joined March 2009
If you’re building something in crypto and it hasn’t been called a scam yet, keep grinding, you’ll get there.
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For the last 2.5 years the very existence of a token has resulted in a speculative premium for the project. If that flips to a discount I think we will finally start to see some token projects actually merge, setting up a ratio hard coded in a contract that burns the token.
M&A for token projects: 1. Core team agrees to join buyer 2. Gov vote goes out to token holders 3. If approved, contract containing $X in stables is deployed 4. Contract allows token swap to stables at buyout price Is this how it might work?
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kain.eth (✨🔴_🔴✨) retweeted
Incredibly excited to host a speaker panel of such caliber. I’m joined by co-host @NodarJ, speakers include @kaiynne @DeFi_Dad @jpatten__ @MichaelDunwort1 @JordanLyall @Jiran_z @nnnnicholas @BraytonKey @pugmassacre @PhilippZentner Lessons & Prognosis. nitter.kavin.rocks/i/spaces/1YpJkZv…
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This is great validation of the work the core contributors have put towards the often thankless task of writing tests and documentation. A culture that was established by @jjgonecrypto years ago and continues to this day.
1/7 Over the past two months, Synthetix has worked hard to achieve a 97% score, and is tied for the current top score with @LiquityProtocol ! As such, it is time to syntherely congratulate the protocol and underline what went into this groundbreaking effort.
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Just left #permissionless, it was the first conference in a long time where I felt like it was actually too short. So many amazing people and such great content. Nice job @BanklessHQ curating the event.
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kain.eth (✨🔴_🔴✨) retweeted
JUST IN: #Binance has added support for the layer-2 #Ethereum scaling solution Optimism.
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kain.eth (✨🔴_🔴✨) retweeted
Starting something new and want to do it in the most web3 ways possible. Shill me the latest best tools, services or frameworks for starting and operating new projects the web3 way: - what can we do with it/use it for - note if it’s a future feature if not ready to use today
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Working on two consecutive days of jetlagged 4 hour sleep. I could literally say fucking anything on this panel. Should be fun.
.@Permissionless will be DeFi's biggest event ever. Therefore, we're gathering an A-star panel to discuss its past, present and future: - @rleshner - @kaiynne - @Mclader - @StaniKulechov - @TrustlessState Tickets 🌴👇 permissionlessevent.co
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One of my closest friends released his first book today geni.us/DatingWithoutFear it addresses dating anxiety. It’s a really easy and compelling read. Anecdotally I’d say a lot of crypto people have social anxiety, this could be a great read if you’ve been looking for help.
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Spotted heading to permissionless, be careful out there everyone.
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One take away from the Aelin launch is that airdrops within the Synthetix ecosystem are super inefficient. If I were doing something like that again I’d propose distributing AELIN only to the treasury council and making everyone else buy it. FDV is $20m now 😅 it’s nonsense.
NFT Gated Deals are the future of fundraising. Communities can airdrop NFTs (& @poapxyz's) to early protocol users, giving them exclusive access to their Aelin funding round. NFTs are now entry tickets to early-stage fundraising. Take a look at the upcoming UI 👇
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In case you were wondering what the deathmatch that was our household looked like, somehow @KieranWarwick has decided rather than use @aelinprotocol that @illuviumio should create its own competitor. You cannot make this shit up.
The capital raising protocol @KieranWarwick asked me to design for @illuviumio is starting to take shape. I can’t wait to see what happens when retail investors have the same access as institutions.
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PSA: If you are staking SNX read up on this new liquidation mechanism. It introduces some significant changes designed to increase stability during period of high SNX volatility.
Within the next few hours, Synthetix is releasing a new liquidation mechanism (SIP-148) that completely overhauls the former system. This new mechanism will greatly strengthen the protocol and ensure the system is healthy. If you're staking, read 👇 blog.synthetix.io/new-liquid…
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At this point my theory is someone at Jump captured a leprechaun a few years ago and they have just been milking that little bastard for gold ever since. How else do these guys still have capital.
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Ngl I’m a little concerned we are finally deploying SIP-148 sips.synthetix.io/sips/sip-1…. Like many other things we’ve done over the last four years (I’m looking at you stakingRewards.sol) this mechanism is likely to be leveraged for new more efficient ponzis.
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Ok hear me out, what about a token with not just a theoretical infinite supply, but an actual infinite supply…
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Looking forward to this!
Our Start with #Chainlink AMA series continues with @kaiynne founder of @synthetix_io the #defi protocol behind @kwenta_io @lyrafinance & @thalesmarket This Thursday Kain will stop by to answer your questions about his journey, synths, and more💫 reddit.com/r/Chainlink/comme…
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Just my perspective but last bear almost all funds disappeared off the fucking planet, I think I saw Olaf once at web3 summit. Here’s a list of funds I recall being active. @hiFramework @1kxnetwork @multicoincap @1confirmation @placeholdervc @BlockTower Prolly missed a few.
Polychain LP call today - Top positions: DOT, ICP, ETH, AVAX, BTC - Telling portco founders to tighten belts - OpenSea/FTX overvalued - NEAR is doa - Haven’t been hurt as bad as others (no leverage) - Bullish on COIN - Will be aggressive in bear
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It’s easy in hindsight to say you should have shorted Luna, but plenty of people got liquidated trying to short it over the last 6 months. It could just as easily have dipped to $60 and then ripped up to $200.
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Be careful now as we get close to zero about trying to pile into a momentum trade, volatility is going to be brutal over the next few days.
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All of that said I feel like we are now in a bear market finally. It’s about survival for the next 12 months at this point imo.
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