Which Token Value Accrual Model Works?
Which Token Value Accrual Model Works? Active value accrual beat governance-only by 10 points: -55% vs -65% average 1Y returns across 97 protocols Revenue scale mattered most. Top quintile by daily revenue returned +8%; bottom quintile -81% https://x.com/connorking/status/2048763217208369163?s=20
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