Crypto:
30188
Bitcoin:
$68.112
% 1.27
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 68.112
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Synthetix Founder Kain Warwick: “Speculation is Good!”

Meme Coins

Synthetix founder Kain Warwick has argued that meme coins play a valuable role in the decentralized finance (DeFi) space. Warwick emphasized that meme coins, through speculation, can drive interest and investment in DeFi.

Warwick countered criticisms that meme coins are “pure speculation” by asserting that “speculation is good and valuable.” He noted that the ecosystems formed around meme coins contribute to the development of DeFi infrastructure.

Warwick pointed out that retail investors find meme coins more engaging compared to complex DeFi protocols, and this leads to their involvement in DeFi. “Financial engineering is not that interesting,” he said. “There aren’t that many people who find it deeply interesting.”

The Synthetix founder maintained that meme coins are “quite useful” in attracting new investors to DeFi and bringing the space to a wider audience.

Rate this post
READ:  Platypus Finance on Avalanche (AVAX) Network Falls Victim to Hack Attack!

Leave a Reply

Your email address will not be published. Required fields are marked *