Uploaded December 2025 | Updated September 2026, 20 hours ago
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.
These podcasts are produced by the Cardano Foundation. The views expressed in these podcasts are solely those of the participants and do not represent the opinions of the Cardano Foundation. These podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. The Cardano Foundation does not guarantee or make any warranties as to the accuracy, timeliness, or suitability of the information in these podcasts. The Cardano Foundation has no responsibility or liability for: any claim attributable to errors, omissions, or other inaccuracies in these podcasts; or for any decision, other acts or omissions made in connection with your use of the information presented in these podcasts. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by the Cardano Foundation or by the participants in these podcasts.
This page may contain links to third-party sites that are not under the control of the Cardano Foundation. Access to such information does not imply association with, endorsement of, approval of, or recommendation by the Cardano Foundation of the site or its operators, and the Cardano Foundation is not responsible for the products, services, or other content hosted therein.
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.
These podcasts are produced by the Cardano Foundation. The views expressed in these podcasts are solely those of the participants and do not represent the opinions of the Cardano Foundation. These podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. The Cardano Foundation does not guarantee or make any warranties as to the accuracy, timeliness, or suitability of the information in these podcasts. The Cardano Foundation has no responsibility or liability for: any claim attributable to errors, omissions, or other inaccuracies in these podcasts; or for any decision, other acts or omissions made in connection with your use of the information presented in these podcasts. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by the Cardano Foundation or by the participants in these podcasts.
This page may contain links to third-party sites that are not under the control of the Cardano Foundation. Access to such information does not imply association with, endorsement of, approval of, or recommendation by the Cardano Foundation of the site or its operators, and the Cardano Foundation is not responsible for the products, services, or other content hosted therein.
