A Conversation with Synthetix founder, Kain Warwick - Blockchain Week Event
Updated: Apr 18
Join Michael Bacina on 20 April, in his interview of Kain Warwick, founder of Synthetix.
As "a decentralised exchange valued at more than two billion dollars" it's no surprise this Australian founder is receiving "considerable global attention."
Why? Synthetix is unique. In the words of Warwick himself:
Synthetix is an Ethereum-based protocol for the issuance of synthetic assets. Analogous to derivatives in legacy finance, synthetic assets are financial instruments in the form of ERC-20 smart contracts known as “Synths” that track and provide the returns of another asset without requiring you to hold that asset.
As a virtual event, everyone can log on and learn up about how this man has made large contributions to the decentralised and digital asset space, particularly through his efforts to remove some of the impediments and barriers that can stifle blockchain adoption (we're looking at you transaction times).
As Kain explains:
Synths use decentralized oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented, allowing [users] to hold and exchange Synths as if [they] actually own the underlying assets.
In this manner, Synths provide exposure to assets normally inaccessible to the average crypto investor — gold and silver, for example — and lets you trade them quickly and efficiently.
We look forward hearing further insights on Kain's journey with Synthetics at 3:30pm AEST on Tuesday 20 April 2021.