Building in defi sucks (part 2)

So far, I have not figured this out. Getting paid in tokens is one thing, finding ways to make them productive and sustainable is another.

Early versions of token distributions have led to unsustainable dynamics wherein speculators are rewarded instead of those who are adding consistent value to networks through actual usage.

Decentralized governance is at the heart of the ideological foundation of crypto: equal participation for all actors. The playbook of progressive decentralization is being followed by more decentralized finance (DeFi) projects. Users and tokenholders can now have more control over protocol parameters, treasury spending, and, in general, the industr... See more

However, token ownership also keeps out those who may be affected but don’t have the capital for buying tokens—a paradigm that becomes increasingly unjust as decisions made become increasingly consequential. It also creates opportunities for vote buying through unbundling economic interest and governance power, where those who are not personally in... See more