Status
Priority: Medium - Important for long-term sustainabilityCore Questions
1. What are the tokenomics details?
2. How does the protocol get upgraded?
Tokenomics
Token Utility
What does the token do?Distribution Questions
Economic Model
Open Questions
- What’s the total supply?
- What percentage goes to team/investors?
- Is there a fee burn mechanism?
- How do runner economics integrate with tokenomics?
- What’s the staking APY target?
Governance
Upgrade Mechanisms
What Gets Governed?
Governance Process
Typical flow:- Who can submit proposals?
- What’s the quorum requirement?
- What’s the approval threshold?
- How long is the voting period?
- How long is the timelock?
- Are there emergency procedures?
Client Diversity
Upgrade Safety
How to prevent bad upgrades:Governance Risks
Plutocracy
Token-weighted voting favors large holders:- Whales dominate decisions
- Small holders have no voice
- Potential for hostile governance
- Quadratic voting
- Delegation
- Time-weighted voting
- Conviction voting
Governance Attacks
Regulatory Considerations
Governance tokens may have regulatory implications:- Securities classification
- DAO liability
- Tax treatment
Open Sub-Questions
- Is governance on-chain or off-chain?
- What’s the minimum stake to propose?
- Are there different proposal types with different thresholds?
- How is the treasury managed?
- What’s the emergency response process?
- How do validator and governance incentives align?
Related Questions
- L1 vs L2 - Architecture affects upgrade complexity
- Runner Economics - Token economics for runners
- Consensus and Finality - Validator incentives