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Dharma posted 3 years ago
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Interesting developments that have caught some steam are TCRs. Also governance tokens are starting to get some more rigorous thought on how they can be priced, which is great! My current working heuristic for which types of tokens “make sense” are those that act as some sort determinant of “canonicality” — i.e. they serve as a signal for the canonical, singular source of truth for “something”. Whereas most MoE tokens can easily be substituted for ETH or a stable coin, if a token signals canonicality it inherently can’t be substituted.
A great example of this is REP — REP signals the canonical source-of-truth of for the Augur oracle system. You couldn’t really substitute something like REP for, say, ETH, because the whole *point* of REP is that it signals the canonical Augur oracle. The same applies for governance tokens IMO.
That said, while I admire the intention, I remain unconvinced that required MoE is the right way to achieve this end-goal.