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Uneasy Money: Did Solana Dapp Kamino Break the Golden Rule of DeFi?

Dec 4, 2025
58 mins

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Episode Description

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Ethereum Fusaka is live, Infinex has embarked on its token sale, Hyperliquid is bolstering its HIP-3 markets and there is drama in Solana’s DeFi land.

In this episode of Uneasy Money, hosts Kain Warwick, Luca Netz and Taylor Monahan delve into the significance and implications of the Fusaka upgrade and the controversy surrounding Infinex's token sale.

They also take a look at the promise and risks of Hyperliquid's buzzing perp futures markets on tokenized equities and Kamino's controversial response to competition from Jupiter.

In addition, they touch on Anthropic's smart contract study and the recent Yearn Finance exploit.

Hosts:

Links:


Timestamps:

🚀 00:00 Introduction

⚡️ 01:32 How Ethereum's shipping cadence has changed

⛽️ 9:36 Will Ethereum gas fees spike again?

⚔️ 12:26 Infinex's token sale controversy

💡 12:54 Kain explains the reasoning behind Infinex's ICO model

💥 18:47 What's driving the Infinex ICO controversy

🧏 24:11 How Hyperliquid's HIP-3 upgrade is changing DeFi participation

🤔 25:58 Are Hyperliquid's tokenized equities perps asking for SEC trouble?

🤺 38:48 Kamino v. Jupiter drama

🧐 44:59 Does Solana’s commercial tilt encourage more “gloves off” competition?

👀 50:51 Will Kamino users exit en masse?

❕️51:32 Anthropic's smart contract study coincides with Yearn Finance hack

💡 54:40 How AI can help bolster crypto security


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