kain

🔥 LONGITUDE: Hyperliquid may be a successful onchain business, but its token still presents challenges for institutional investors.

“The HYPE token has no investor protections,” @infinex founder Kain Warwick (@kain) said, contrasting token ownership with the legal rights attached to traditional equities.

Presenting the official trailer for THE MAX EXTRACTOR

The funds from the $3.8M NEAR Intents hack were sent back in full.

We are stopping the investigation.

Please use bug bounties instead of disrupting the services.

The birthplace of DeFi is shutting down!

Synthetix Discord was THE PLACE to be in 2019. So many blue chips of DeFi summer started there. Ideas were formed, knowledge was shared, we were off to change the world...

Aave, Curve, Optimism, Illuvium, Infinex, xToken, Kwenta, Derive, dHEDGE... So many projects were kicked off from that Discord.

$6 memes, Garth’s promised (and rugged) boat party to celebrate it all, Hobo Joe, Nikhil, the great trolls whose posts were ironically filled with insights, Spartan Council... My interactive Discord bots, before anyone had Discord bots and AI was a thing... It will all always have a special place in my heart.

There would be no Overtime, and I wouldn’t be where I am professionally and personally, were it not for Synthetix and that very Discord.

Alas, the greats have fallen hard. Not many have paid the price of vesting coming to an end as much as Synthetix. As soon as DeFi summer started winding down, no team member from the original crew was left, at least not in a full-time capacity.

The downfall has been slow but steady. Honest attempts were made to drive it forward in the meantime, but without proper guidance and direction, all failed and missed their chance. So in nutshell, it's been constant bleeding over five years.

Atm, it’s a ghost town:

- No one knows who is even on the team anymore, if there is a team.
- sUSD has been wound down, with holders promised vested SNX.
- The treasury seems to be out of runway and offloading SNX and INF to pay wages (To whom?!)
- Discord is dead. No proper comms on the path forward, just vague messages about things in store.

Synthetix and its first team taught me DeFi, the values of a DAO, and the ethics of how to spearhead a community-owned protocol.

Alas, I fear I might be the only one still adhering to those values these days.

As for Synthetix, it might be time to call it a day and spoil the good memories no further.

Pi beats claude code and codex

You can cut your agent API costs by 50% right now with literally 0% drop in benchmark performance.

Anthropic wants you to use Claude Code. OpenAI wants you to use Codex CLI.

But a new UC Berkeley study just exposed the "In House Myth": Frontier models actually perform better on minimal, open source frameworks 75% of the time.

Stop paying the Big Tech "Harness Tax." Here is the data

# UC Berkeley and Arena just dropped the "Harness Tax" paper.

They benchmarked 21 model agent pairs on SWE-bench Lite and Terminal-Bench 2.0. They tested SOTA models (Claude Fable 5, GPT-5.6 Sol, Claude Opus 4.8, Sonnet 4.6, Kimi K3) across 3 agent frameworks:

Claude Code, Codex CLI, and a barebones open source harness, Pi.

The results prove we are all bleeding API credits for literally zero reason.

# Look at the chart:

- GPT-5.6 Sol scored 83.3% using the OS Pi harness. On OpenAI's own Codex CLI? It dropped to 78.9%. and cost nearly 2x as much ($0.42 vs $0.76).

- Claude Fable 5 hits 97.8% on Claude Code for $1.33/rollout. On Pi? It hits 96.7% for just $0.67. You are paying a 100% markup for a 1% gain.

# Why is this happening? First Call Bloat.

Proprietary coding agents load up massive system instructions, heavy guardrails, and verbose JSON tool schemas. Claude Code sends 10x the initial context of Pi. You are paying for their dead weight context on every single turn. (check out the replies for more data on this)

Pi gives the model exactly 4 tools: read, write, edit, bash. That's it.

The takeaway:
As frontier LLMs get smarter, heavy agent scaffolding actually holds them back. If your agent API bill is too high, do NOT downgrade your model. Just ditch the bloated harness.

I've dropped more data and link to the study in the replies.

What agent framework are you guys running in your dev loop right now? Let me know

I need this real bad.

After co-inventing ChatGPT, I kept asking myself: why have superhuman chat models not led to AGI?

I’ve spent the last 2 years in stealth building a new way to train models (RLCD), and a new type of frontier AI model that we are releasing today: Jev

• 20-200x faster
• 40-400x cheaper (w/ output tokens free)
• Frontier composable intelligence optimized for decisions

AFAICT the shortest path to AI-based economic revolution

if you’re raising for a crypto project, these are active investors worth talking to:

- @ellazhang516 (YZi Labs, 30 deals in the last 6 months, more than any other fund, also runs the EASY Residency for founders)
- @HoolieG, @jonathankingvc (Coinbase Ventures, 29 deals, second most active)
- @eddylazzarin (a16z crypto, $2.2B Fund V in May, 17 deals)
- @rainandcoffee (Maven 11, tier 2, 9 deals, Europe)
- @HadickM, @hosseeb (Dragonfly, $650M Fund IV in February, oversubscribed)
- @matthuang (Paradigm, $1.2B fourth fund in July)
- @katie_haun (Haun Ventures, $1B across two funds in May)
- @jessewldn (Variant, $222M for Variant Fund IV)
- @KyleSamani (Multicoin)
- @CarlKVogel, @mdudas (6MV)
- @collectorofgems, @RealMissAI (MH Ventures, 149 deals)
- @dara_venture (deploying out of a first close while still raising)
- @reganbozman (Lattice, $200–500K first checks, raising Fund III)
- @QwQiao (Alliance, the accelerator, $250K standard check)
- @rleshner (Robot Ventures, $100–500K, also runs Superstate)
- @ZeMariaMacedo (Delphi co-founder)
- @dcfgod, @balajis, @cory, @LucaNetz, @santiagoroel (active angels)

who am i missing?

Anyone know someone @expo? Need access to their iOS simulator real bad.

does your ai agent have brain damage?

you might be flooding the context...

even if your model has a 1M context window

it gets the best work done 100k - 200k

beyond 300k context all bets are off

@kain