Why OG DeFi Failed | Kain Warwick, Founder of Synthetix
Published: January 30, 2026
Duration: 54:22
Kain Warwick—DeFi OG and founder of Synthetix and Infinex—is back on The Defiant Podcast with Camila Russo for a no-BS conversation at a pivotal moment: Infinex just ran its INX token sale and is heading into its TGE.
We get into:
Why Kain believes DeFi’s biggest bottleneck isn’t “more decentralization,” but UX + distribution
The hard lesson OG DeFi learned: users won’t “learn to love complexity”—the product has to be holistically better
The INX sale controversy: $2,500 cap → cap removed, one-year lockup stays, and why he says the sale “didn’t need...