Weekly Tokenomics Nuggets
How to fix DeFi tokens
Great piece which mentions a bunch of articles, I’ve looked into a few of them down below.
Risk of yields paid out with project revenue
https://mirror.xyz/samidefi.eth/yfr8BKXFRfyKwT2UEZJB_nmxmmrTVLZNz-hLk3-M8XQ
projects paying out their revenues sounds like a great idea and would drive demand for the token
but would also make the field more competitive as token holders get use to these type of payouts
Governance needs incentives
Interesting take on the issues with DAO governance.
The market of promises
Let me propose an alternative definition. Financial assets are promises. Every financial asset is a promise to give someone something, possibly dependent on some source of randomness in the future. I might promise to pay you an amount which depends on what the level of the S&P 500 or oil prices or interest rates is (futures, options). I might promise you a share of the profits from my company (equity). I might promise to pay you a fixed amount each month, or else you get to take my house or my car (mortgages, secured debt). Financial assets are promises to trade certain things in the future, if certain events happen in the world. The financial system is the market for promises.