| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| LONG |
Kain Warwick
Founder, Synthetix / Infinex |
Warwick states Infinex is built for a "multi-chain world" where Solana is a "real thing," and mentions supporting upcoming chains like MegaETH and Monad. He notes they use "Sunrise" for liquidity provisioning on Solana. The "Super App" removes the tribalism and friction of specific chains. By abstracting gas (paying gas for the user), Infinex increases the velocity of money across *all* integrated L1s. A successful super app is bullish for the underlying infrastructure it sits on top of, as it removes the "bridging barrier" that currently keeps liquidity siloed. Long the L1 infrastructure basket. Commoditization of L1 blockspace; technical exploits in the bridging/aggregation layer. | 1:43 | |
| LONG |
Kain Warwick
Founder, Synthetix / Infinex |
Warwick confirms Infinex has just launched its token (INX) and is actively conducting buybacks ("All things being equal, buybacks are better"). He states the platform is designed to close the UX gap with centralized exchanges within six months. The "Super App" thesis relies on a winner-take-most interface. If Infinex succeeds in abstracting gas and bridging across chains (Solana, Monad, ETH), it becomes the primary liquidity funnel for retail users, accruing value to the governance token via buybacks and volume. Long as a play on the "UX Abstraction" narrative. Execution risk in a "down only" market (post-10/10 crash); high competition from wallets like MetaMask/Phantom pivoting to similar models. | 21:21 | |
| LONG |
Kain Warwick
Founder, Synthetix / Infinex |
Warwick explicitly names Poly Market and Hyperliquid as examples of apps where "demand is super high" but "barriers are still high." He notes that once friction is removed, using them becomes a "no-brainer." Infinex is effectively a "frontend aggregator." It does not replace these protocols; it routes volume to them. If the Super App thesis works, the underlying "best-in-class" derivatives and prediction protocols (Backend) will see a surge in volume from users who previously couldn't figure out how to bridge/swap to use them. Long the underlying protocols that Infinex integrates. Regulatory crackdowns on prediction markets or derivatives; failure of the frontend aggregator to gain traction. | 10:10 | |
| AVOID |
Kain Warwick
Founder, Synthetix / Infinex |
Warwick argues that if the industry cannot get people trading directly on-chain, "the experiment has been a failure." He predicts that in 5-10 years, pure-play on-chain apps will be the dominant form factor, replacing the current dominance of CEXs. This is a disruption thesis. Currently, CEXs win on UX. If Infinex (or similar apps) achieve UX parity (Passkeys, no seed phrases, instant deposit), the competitive moat of CEXs evaporates, forcing them to either hybridize or lose market share to non-custodial interfaces. Avoid CEX tokens as a long-term hold if you subscribe to the UX abstraction thesis. CEXs successfully pivot to become "Super Apps" themselves (Warwick admits they are trying to hybridize). | — |