great post from @polynya. the holy grail of tokens is still yield-bearing ownership of protocols that generate revenue

To be fair, crypto market structures and participants have largely tended towards gambling and chasing narratives, so it makes sense why those memes persist - but kwonzis never endure - only economic sustainability will. It's a slow process, but this market *will* mature!

So, in a crypto context, what does economic sustainability look like? 

Demand drivers:
- Users paying to use the protocol
- Users buying the asset as economic collateral, medium-of-exchange, or just as a cult
- Users buying the asset to earn dividends (incl. fee burns), yields

polynya

great post from @polynya. the holy grail of tokens is still yield-bearing ownership of protocols that generate revenue

https://x.com/apolynya/status/1590914577679912960