Ben DiFrancesco, CEO of ScopeLift, argues that a governance token’s value must exceed what an attacker could steal from the protocol it controls. He contends that the regulatory excuse for designing valueless tokens is fading, as many projects deliberately avoided revenue links to sidestep US regulations. Mechanisms such as fee switches, revenue sharing or buybacks had been shelved due to legal concerns. ScopeLift took over operations of the Tally platform in late March 2026, rebranded as Cactus, now supporting governance for over 400 DAOs. Token holders may soon push for mechanisms tying their holdings more closely to protocol economics.
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