12/19/2025
This year has brought increased scrutiny to governance tokens, and it's crucial to understand why. In this post, we explore the factors at play and highlight key considerations to keep in mind before diving in.
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For years, the promise of decentralized governance tokens held a powerful allure: own a piece of the future, vote on critical protocol decisions, and watch your investment grow. But as we close out 2025, the reality for many "governance-only" tokens has been a stark underperformance, prompting a sei...