Tokenomics Framework

Value Capturing Mechanisms

Composite patterns that combine Origins of Value to form real-world token value mechanisms

[1] Value Transfer
[2] Future Cashflow
[3] Governance
[4] Access
[5] Representation
[6] Hedonic Value
[1]
V
Value Transfer
[2]
D
Dividends
[4]
A
Access
[5]
R
Representation
[6]
H
Hedonic Value
[2][8]
Dt
Discount Token
[2][7]
Sm
Pooled Insurance
[3][8]
G
Generalized Governance
[4][6]
C
Collectible club
[4][8]
Ca
Work-based access
[5][2]
Lp
Active managed portfolio
[6][2]
Hd
Hedonic dividends
[6][1]
Mt
Meme tokens
[2][3][8]
Pf
Protocol Fees
[2][7][8]
Wt
Work Token
[2][7][8]
Cs
Consensus Token
[4][3][8]
Ms
Membership
[4][2][8]
Pc
Private cooperative
[5][2][8]
Rw
Tokenized real-world assets
[6][2][5]
Ta
Tokenized digital art
[6][3][8]
Hg
Hedonic governance
[3][8][7]
Ve
Vote-escrowed Governance
[4][7][8][2]
VeA
Vote-escrowed Access

Origins of Value

A systematic approach to analyzing how tokens create and transfer value across 8 distinct categories

1

Value Transfer

Value is gained based on the involvement in transactions (settlements)

2

Future Cashflow

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.)

3

Governance

Value is derived from the unique option to influence the management or distribution of limited resources

4

Access

Pure provision of access to some resource without compounding it with any other utility

5

Representation

Representation or 'backed by another asset' - the value is gained by being a representation of a unit of some asset

6

Hedonic Value

Hedonic value/scarcity - the value of the asset appears as a result of a 'social contract', popularity, or context

7

Risk Exposure

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)

8

Conditional Action

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)