Deep Dive: Token Design | Guy Young & Kain Warwick

Bell Curve

In this episode, Guy Young, Founder of Ethena Labs, and Kain Warwick, Founder of Infinex, joined us to discuss token design! Are tokens the product? When does it make sense to return capital to holders? Is regulatory scrutiny keeping founders out of the US? They answered all of these questions, and also dove into topics such as utility tokens vs pure plays, methods of returning value to holders, BNB’s token design, and the impact regulations have on token design. Finally, they closed out the episode by giving their thoughts on token supply dynamics and how they impact price discovery.

Thanks for tuning in!

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Timestamps:

(0:00) Introduction

(2:26) Are Tokens the Product?

(7:45) Utility Tokens vs Pure Plays

(13:09) The Line Between Protocols and Apps

(19:51) When Does it Make Sense to Return Capital to Holders?

(27:26) Changing Token Supply

(30:03) Supra Ad

(31:00) Index Coop Ad

(32:06) Methods of Returning Value to Holders

(36:58) Regulations and Their Impact on Token Structures

(43:47) Is Regulatory Scrutiny Keeping Founders Out of the US?

(48:40) BNB's Token Design

(55:39) Token Supply Dynamics

(1:17:56) Apps vs Infrastructure

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.