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Traditional governance tokens fail to capture value

Tokens don't capture value by default

Most protocol tokens depreciate over time, even as protocols generate high revenue. Limited ownership rights make tokens ineffective for value capture.

The lack of standards breaks expectations

Each project designs tokenomics and governance independently, leading to misalignment between token holder expectations and actual outcomes.

Governance without accountability

Traditional token voting gives discretion over treasury and decisions without economic consequences: voters don't internalize the costs of bad decisions.

Misaligned incentives

Builders control assets while token holders have limited rights. This creates a fundamental disconnect between project success and token holder welfare.

How [Name TBD] solves the value accrual problem

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