ondo cleared 2 years of sec investigation with zero charges then secured fma approval for 30 european countries. $770m treasury tvl generating $7.7m annual fees yet token sits at $0.41 down 62% from peak. blackrock chose securitize's equity model over tokens but ondo has the regulatory moat now. token governance over $770m in assets trading at 167x revenue when saas companies with no hard assets trade at 20x. asymmetric setup when everyone's chasing shitters. ...

Core Concept of Futarchy - Futarchy proposes a market-driven governance model where decisions are traded on rather than voted on, aiming to revolutionize token governance [1] - The goal of Futarchy is to establish robust shareholder protections on-chain, paving the way for the next phase of crypto capital markets [1] - Futarchy seeks to eliminate rug pulls by creating true shareholder protections on-chain [1] Futarchy Mechanics & Incentives - Futarchy involves market participants who trade on the outcomes of governance decisions [1] - Futarchy aims to create a new form of governance within the crypto space [1] - Liquidity and insider participation are key considerations within a Futarchy system [1] Addressing Crypto Risks - Futarchy is presented as a solution to the problem of crypto rugs [1] - The discussion explores the concept of "unruggable tokens" facilitated by Futarchy [1] Real-World Examples & Projects - The podcast references MetaDAO as an example related to Futarchy [1] - Umbra is mentioned as a relevant example in the context of Futarchy [1]