Shortlist of crypto-specific value-add:

+ Provide liquidity
+ Stake
+ Participate in governance
+ Advise tokenomics
+ Share onchain data & research
+ Hold through multiple cycles
+ Intro to crypto SPs (audit firms, MMs)
++ Support public narrative

Tether touched upon this recently. They listed:

1. Currency Stability

2. Foreign Exchange Reserves

3. Cross-border Transactions

4. Financial Inclusion

5. Attracting Foreign Investment

6. Reduced Transaction Costs

7. Future-proofing the Economy

Covered in monthly substack:

co-founder @layer3xyz, prev investor at accolade partners

Tether touched upon this recently. They listed:

1. Currency Stability

2. Foreign Exchange Reserves

3. Cross-border Transactions

4. Financial Inclusion

5. Attracting Foreign Investment

6. Reduced Transaction Costs

7. Future-proofing the Economy

Covered in monthly substack: https://whitetail.substack.com/p/noise