Ethereum's Layer 1 Lacks a Perp Dex. Synthetix Intends to Change That - Ep. 926

In this episode of Unchained, host Laura Shin interviews Kain Warwick, the founder of Infinex and Synthetix, about the launch of a new PerpDEX on Ethereum. Warwick discusses the reasons for returning to Ethereum, the challenges of building a PerpDEX on a chain with slow block times, and the innovative solutions they are implementing, such as an optimistic order book. They explore the importance of attracting liquidity and traders, the trade-offs between speed and decentralization, and the privacy aspects of the platform. Warwick also shares his thoughts on the future of DeFi on Ethereum, the competition among PerpDEXs, and his super app thesis for Infinex, aiming to create a user-friendly platform that bridges the gap between centralized and decentralized exchanges. The episode also touches on the upcoming Synthetix trading competition and the design choices behind the new PerpDEX.