TLDR:Governance tokens are critical assets to manage protocols, but currently get their value from second-order effectsThe delegation framework is a first step, but just a stopgap to a larger problem.Governance token holders should be rewarded for contributing, with payment coming directly from protocol revenue.What directly and inherently incentivizes someone to contribute to managing and steering an onchain protocol? The blunt, unfortunate answer, is nothing – incentives are generally intan...
