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The Yield Question No One Wants To Address
The turbocharged incentive structure that makes crypto so potent in the long-run is exactly what makes it so problematic in the short-run. If all you've built is a money game, then all you're going to attract are infinitely elastic yield farmers.
Richard Kim • Reflections on "Community"
Protocol’s tokenStablecoins (DAI, USDC, etc.), a portion of which earn yield. Stablecoin allocation depends on the liquidity needs and treasury budget.Blue chip crypto assets (BTC, ETH)DeFi index (DPI)Early-stage token investments and M&A that improve the protocol's competitive positioning. The discussion between Keep and NuCyphur is an example... See more
Shreyas Hariharan • How to Structure a Protocol's Treasury
My challenge is finding productive ways to put those tokens to work so that I can sustain myself without having to liquidate tokens.
Cooper Turley • Full-Time DAOs
Contributor payments: make a bulk of contributor payments in stables while long-term contributors are partly paid in vested protocol tokens