Kain Warwick, founder of Synthetix, discusses the launch of the COMP token this week, including: why the price of COMP tokens popped how this now meant that the governance of the Compound protocol was now in the hands of the community whether liquidity mining in DeFi is similar to or different from transaction mining on centralized exchanges what the price jump in COMP on day 1 means for a future DeFi bull market why Kain believes he is already seeing Bitcoin flowing into alts and DeFi tokens what this means for VCs who invested in layer 1 projects Thank you to our sponsors!  Crypto.com: https://crypto.com Nexo: https://nexo.io DeversiFi: https://deversifi.com Episode links:  Kain Warwick: https://twitter.com/kaiynne Synthetix: https://www.synthetix.io Tweet storm on what he got wrong about COMP: https://twitter.com/kaiynne/status/1272875213319856129 Governance of Compound now in hands of the community: https://medium.com/compound-finance/compound-community-ownership-ee0ed1252cc3 Tushar Jain’s tweet: https://twitter.com/TusharJain_/status/1272696517258883072  Why Kain thinks COMP popping on its first day is a harbinger of a DeFi bull market: https://twitter.com/kaiynne/status/1272723560260198402?s=20 DeFi Weekly: https://defiweekly.substack.com/p/comp-lessons-and-learnings-651 Deribit on how this can create network effects: https://insights.deribit.com/market-research/supercharging-network-effects-in-crypto/ Tweet storm on the BTC dominance cycle: https://twitter.com/kaiynne/status/1269792683616120833?s=20  Tom Shaughnessy tweet on how there’s no more competition between layer 1s — it’s more about DeFi: https://twitter.com/Shaughnessy119/status/1272373784616542209 Similar thoughts by Spencer Noon: https://twitter.com/spencernoon/status/1273403731586023431?s=20 Links from news recap: https://unchainedpodcast.com/make-5x-on-day-1/