Governance tokens are critical assets to manage protocols, but currently get their value from second-order effects. The delegation framework is a first step, but just a stopgap to a larger problem.

This exploration aims to provide a comprehensive definition and framework for identifying decentralized protocols within the context of distributed ledger technology.

we can outline a decentralization framework for blockchain and blockchain-based protocols by narrowing the definition to distributed ledger technology.

Much of the recent news around Chokepoint 2.0 has led to a flurry of takes around the stifling of innovation and the creation of analogies to previous inflection points in US history, including the advent of the automobile, privatized space travel, and the internet itself. The general idea that the United States is giving a leg-up to competitors by trying to shut down crypto is not a new concept, we even wrote about it last year.

Nayms allows for regulated brokers and underwriters to find digital asset capital providers to share in the premium and liability entailed in covering risk, all on-chain.

From our perspective, the correct way forward is not a one-off solution; it’s a multi-pronged approach focused primarily on two things

To figure out how to apply regulation to a protocol, you must understand that an optimally decentralized protocol is a public utility.

Stablecoins reinforce the US dollar as the de facto world reserve currency.

What are the paths to becoming optimally decentralized? The answer involves balancing control, funding, and community development change over time.