HOW TO FIX TOKENS

Summary from the TLDR Crypto newsletter

Most tokens fail because they incentivize selling over holding, and one fix is giving token holders direct control over 100% of protocol revenue through governance votes on distribution versus reinvestment. This model hasn't been adopted due to insider profitability from token sales and securities law concerns, but a current regulatory window with the SEC's Crypto Task Force under Hester Peirce is exploring registration frameworks and safe harbors. There is urgency for protocols like Aave, Morpho, and Uniswap already merging equity and token holders to proactively demonstrate viable models before the window closes at midterms.