The Future of Fee Markets

The way that fees are going to be set for these different modules is through governance. And the time you have like set that sort of set, there's an incentive right for people to try to to monkey with with governance right to drive fees in the way they ultimately want. You can sort of see eventually the desire for big sets of stakers or more sophisticated actors and depopoted actors that really care about percentage points on the amount that they're paying to the protocol or to validators to adopt this strategy. But what I also believe eventually is that we need to find value accrual for these tokens.

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