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Ex SushiSwap CTOJoseph Delong on Why DAOs Fail

The Defiant - DeFi Podcast

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Is the Space Moving Away From Tokens?

Te e tokens are this kind of a, i provide an asset for the do to use. Is like an investment, and then i get this b token. It's like my, my, my claim on the underlying assets that's non transferable. People just naturally take risk your positions because they don't hold the thing. They use an intermediary. So v tokens in particular, it was jus kind of like like something an as that i can't sell on to the open market, and so therefore it's going to be valuable.

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