Composite patterns that combine Origins of Value to form real-world token value mechanisms
A systematic approach to analyzing how tokens create and transfer value across 8 distinct categories
Value is gained based on the involvement in transactions (settlements)
Future income stream exposed by the token, related to the use of the token in the protocol (and not related to the use of it in third-party financial instruments, like LP pools etc.)
Value is derived from the unique option to influence the management or distribution of limited resources
Pure provision of access to some resource without compounding it with any other utility
Representation or 'backed by another asset' - the value is gained by being a representation of a unit of some asset
Hedonic value/scarcity - the value of the asset appears as a result of a 'social contract', popularity, or context
Generalized loss/risk exposure as a part of essential way to use asset productively (staking with slashing, etc). 1.Mandatory lock-up period to activate token utility. 2. Slashing possibility (token alienation risk to activate token utility)
Generalized loss/risk related to necessity to carry out some actions to use token productively/activate the utility (such as necessity to provide liquidity in order to activate token utility, or use protocol to get discounts, etc)