"A DAO is merely a formalizing of very deep and instinctive human bonds that I think have been suppressed."
One morning in July of 2019, Kain Warwick awoke at 6:30 to a grim phone call from his co-founder and CTO, Justin Moses.
We have a problem, said Moses.
Synthetix, the synthetic asset protocol that Warwick, Moses, and their team had been building for over two years, had fallen victim to a crippling exploit: an attacker with the pseudonym Onyx had created $11 billion of synthetic asset debt over 275 times what Synthetix was worth and was taunting team members and sowing chaos in public channels.
These days, time and success seem to have tempered what Warwick freely admits is a fiery disposition.