I love your framework for assessing risk in tokens. I know it's in the context of stablecoin but I think it applies more broadly to all types of tokens (esp. governance/utility tokens for DAOs). Your thinking of risks reminds me of how think of risk in traditional finance - systemic (market) risk and portfolio-specific risk. The latter you can diversify away, while the former is the minimum risk you have to assume for playing in the market.
I wonder, with respect to DAO governance tokens, would there be another category of idiosyncratic risk related to community?
I love your framework for assessing risk in tokens. I know it's in the context of stablecoin but I think it applies more broadly to all types of tokens (esp. governance/utility tokens for DAOs). Your thinking of risks reminds me of how think of risk in traditional finance - systemic (market) risk and portfolio-specific risk. The latter you can diversify away, while the former is the minimum risk you have to assume for playing in the market.
I wonder, with respect to DAO governance tokens, would there be another category of idiosyncratic risk related to community?