Token Rights as a New Governance Paradigm
summary
Claims a working no‑treasury governance model launched Sept 12, 2024 and running for nearly a year that replaces a multisig treasury with middleware cap mter contracts granting mint‑on‑demand rights up to fixed caps. It implements global rate limiter caps, postmint hooks to create streams, eligibility modifiers and delay/veto gates, cutting custodial multisig costs and shifting enforcement onchain; code and standards are open source, deployed in production but described as still evolving after two years of work.
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chapters (6)
- 0:00Token rights governance intro
- 1:23Traditional treasury problems
- 3:10Token rights and cap mentors
- 5:59Token mechanics as rights
- 9:11Why rights beat treasuries
- 11:19Future of onchain governance
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