POPA ReconGSR: Most DAOs Hold Around 70% of Treasury Assets in Native Tokens, Creating Negative Feedback Loops
GSR: Most DAOs Hold Around 70% of Treasury Assets in Native Tokens, Creating Negative Feedback Loops According to the report from GSR, crypto treasury management has major structural flaws. Most DAOs hold around 70% of their treasury assets in their own native tokens, causing treasury value, protocol revenue, and market activity to decline simultaneously and creating a procyclical negative feedback loop. Projects often seek hedging only after token prices fall, when implied volatility has already risen and protection becomes costly. The report recommends separating operational reserves from l…
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