In today's episode of Empire, Kane Warwick returns to unpack Synthetix V3, the design thinking behind Infinex, and the challenges of decentralized governance. We explore funding rates, arbitrage opportunities, and what it will take to bring the DeFi trading experience to parity with centralized exchanges. Kane also provides his philosophical views on building in public, the societal benefits of open source crypto, and the pressures of "decentralization theater." We hope you enjoy!

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Timestamps
(01:20) The Infinex & Synthetix Experiment
(03:23) Synthetix Post Luna & FTX
(13:23) Matching the CEX Experience Onchain
(24:19) Perps Mechanism Explained
(34:46) DAS 2024
(36:00) Chronicle Ad
(37:21) Fragmentation of Users on L2s
(46:08) Revenue Model & DAO Governance
(54:25) The Case for Decentralized Governance
(01:06:22) Improving DAO Efficiency
(01:13:56) Benefits of Building in Public

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Resources:
Synthetix: A fork in the road.
https://mirror.xyz/kain.eth/lVhI3TWwpzPHSsFwUvcRFTz_8IBhdrOYC0ojtkvLbNY

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.