#token holders

➤ ENS DAO is considering a proposal to transfer treasury operations, grants, and long-term capital strategy to an expanded ENS Foundation, while token holders retain protocol control. ➤ The proposed structure includes a five-seat Foundation board with an Executive Director, aiming for greater sustainability and operational efficiency. ➤ The proposal has garnered initial support but also faces sharp dissent regarding the interpretation of original governance documents and potential implications for token value and protocol security.

➤ Ondo Finance is approaching 200,000 token holders for its $ONDO token, indicating significant growth and interest in tokenized real-world assets (RWAs). ➤ The platform has contributed $1 billion to the tokenized RWA market cap in the past year, primarily through tokenizing U.S. Treasuries and money market funds. ➤ Despite positive adoption trends, challenges remain regarding regulatory oversight, smart contract security, and reliance on off-chain custodians, necessitating robust compliance and transparent reserve management.

➤ The article criticizes DeFi protocols, using Morpho as an example, for generating significant fees and TVL but failing to distribute revenue to token holders. ➤ It highlights a shift in the market towards demanding verifiable cash flows and predictable governance, moving away from narrative-driven valuations. ➤ Investors are advised to scrutinize DeFi tokens for traceable revenue mechanisms and auditable fee distribution, warning against 'phantom revenue' traps.

➤ Arthur Hayes argues that most crypto projects fail token holders by hoarding protocol revenue, leading to token value collapse. ➤ Hyperliquid is highlighted as a counterexample with its buyback mechanism that directly returns value to token holders, mimicking traditional share buybacks. ➤ Investors are increasingly scrutinizing tokenomics for clear economic rights and revenue sharing, signaling a maturing market that favors transparency and value distribution over speculative narratives.

➤ The article proposes a novel mechanism for crypto project teams to generate liquidity and cash flow during bear markets by leveraging perpetual contract funding rates and a two-way lending protocol, rather than relying on traditional market makers. ➤ It details how project teams can transform idle token inventory into revenue-generating assets by allowing token holders to earn funding through inverse products and enabling market makers to borrow tokens for hedging via positive products, thereby creating a more balanced market. ➤ The guide provides a checklist for project teams to assess existing market-making contracts, evaluate their token inventory's yield potential, identify suitable protocols, and strategize for cold-start entry to foster organic liquidity and reduce reliance on costly traditional methods.

➤ Donald Trump confirmed attendance at a Mar-a-Lago gala for top holders of his TRUMP memecoin, with entry tiered by token holdings. ➤ Lawmakers have raised ethical concerns regarding potential access to the president being tied to financial participation in the token. ➤ Buying activity has intensified among large holders to secure event access, despite the token's price decline and concentrated supply.