# Tokenomics Governance Models ⎊ Term

**Published:** 2026-03-16
**Author:** Greeks.live
**Categories:** Term

---

![The image displays a 3D rendering of a modular, geometric object resembling a robotic or vehicle component. The object consists of two connected segments, one light beige and one dark blue, featuring open-cage designs and wheels on both ends](https://term.greeks.live/wp-content/uploads/2025/12/decentralized-finance-options-contract-framework-depicting-collateralized-debt-positions-and-market-volatility.webp)

![A close-up render shows a futuristic-looking blue mechanical object with a latticed surface. Inside the open spaces of the lattice, a bright green cylindrical component and a white cylindrical component are visible, along with smaller blue components](https://term.greeks.live/wp-content/uploads/2025/12/interlocking-collateralized-assets-within-a-decentralized-options-derivatives-liquidity-pool-architecture-framework.webp)

## Essence

**Tokenomics Governance Models** define the mechanical rules governing resource allocation, protocol parameters, and stakeholder incentives within decentralized derivative platforms. These frameworks translate abstract consensus into actionable financial policy, dictating how risk-adjusted capital flows, how liquidation engines adjust to market volatility, and how platform fees accrue to protocol participants. 

> Governance models serve as the programmable constitution of decentralized derivatives, transforming economic incentives into automated protocol adjustments.

At the center of these models lies the alignment between long-term protocol health and the short-term objectives of liquidity providers, traders, and token holders. By formalizing the decision-making process, these systems reduce reliance on centralized intermediaries, replacing human discretion with verifiable on-chain logic. This shift fundamentally alters the nature of trust in financial infrastructure, moving the burden of assurance from institutional reputation to cryptographic and game-theoretic transparency.

![A stylized, futuristic mechanical object rendered in dark blue and light cream, featuring a V-shaped structure connected to a circular, multi-layered component on the left side. The tips of the V-shape contain circular green accents](https://term.greeks.live/wp-content/uploads/2025/12/decentralized-volatility-management-mechanism-automated-market-maker-collateralization-ratio-smart-contract-architecture.webp)

## Origin

The lineage of these models traces back to early decentralized exchange experiments that required automated mechanisms for adjusting trading fees and incentive distributions.

Initial iterations relied on simple token-weighted voting, which often succumbed to plutocratic capture and voter apathy. As derivative protocols emerged, the need for sophisticated governance became apparent, driven by the requirement to manage complex margin requirements and risk parameters that traditional DAO structures were ill-equipped to handle.

- **Early Governance Experiments**: Demonstrated the limitations of simple coin-voting in maintaining protocol stability during high-volatility events.

- **Derivative Protocol Requirements**: Necessitated the creation of risk-management frameworks capable of responding to rapid shifts in market microstructure and asset correlation.

- **Game Theoretic Foundations**: Influenced the transition toward stake-weighted and time-locked mechanisms to align participant incentives with the long-term solvency of the protocol.

This evolution was fueled by the realization that financial protocols operate in an adversarial environment. Security breaches and economic exploits forced developers to prioritize architectural resilience, leading to the development of modular governance frameworks that separate core protocol logic from adjustable risk parameters.

![The image displays a close-up view of a complex mechanical assembly. Two dark blue cylindrical components connect at the center, revealing a series of bright green gears and bearings](https://term.greeks.live/wp-content/uploads/2025/12/decentralized-finance-synthetic-assets-collateralization-protocol-governance-and-automated-market-making-mechanisms.webp)

## Theory

The architecture of these systems rests on the interaction between liquidity incentives and risk management parameters. Protocols utilize **Governance Tokens** to empower stakeholders to vote on critical updates, such as collateral requirements, interest rate curves, and the addition of new underlying assets.

The efficiency of these models is measured by their ability to maintain systemic stability while remaining responsive to shifting market conditions.

| Governance Mechanism | Primary Function | Risk Sensitivity |
| --- | --- | --- |
| Stake Weighted Voting | Protocol Parameter Adjustment | High |
| Time Weighted Escrow | Incentive Alignment | Moderate |
| Quadratic Voting | Stakeholder Representation | Low |

The mathematical rigor of these models relies on **Greeks** ⎊ specifically Delta, Gamma, and Vega ⎊ to inform the automated adjustments made to margin requirements and liquidation thresholds. When market volatility increases, the governance framework must trigger predefined responses to protect the protocol’s solvency. This process requires a sophisticated understanding of how incentive structures influence user behavior during extreme market stress. 

> Protocol stability relies on the precise calibration of risk parameters to ensure that margin engines remain solvent across all volatility regimes.

The system operates as a feedback loop where governance decisions alter the economic environment, which in turn influences the behavior of market participants. If a model fails to account for the strategic interaction between traders and automated liquidators, the protocol faces immediate systemic risk. Consequently, the design of these models demands a deep integration of quantitative finance and behavioral game theory to anticipate adversarial strategies.

![A 3D render displays several fluid, rounded, interlocked geometric shapes against a dark blue background. A dark blue figure-eight form intertwines with a beige quad-like loop, while blue and green triangular loops are in the background](https://term.greeks.live/wp-content/uploads/2025/12/decentralized-financial-derivatives-interoperability-and-recursive-collateralization-in-options-trading-strategies-ecosystem.webp)

## Approach

Current implementations favor a tiered structure that segregates technical upgrades from daily risk management.

This approach allows for rapid responses to market anomalies while maintaining a robust security perimeter for the underlying smart contracts. Protocols increasingly employ **Optimistic Governance**, where parameter changes are enacted automatically unless challenged by a designated security council or a significant portion of the token-holding community.

- **Risk Parameter Calibration**: Automated systems monitor volatility metrics to adjust collateral ratios without requiring constant governance intervention.

- **Incentive Distribution Tuning**: Protocols dynamically modify reward structures to maintain liquidity depth across various option strikes and expirations.

- **Security Council Oversight**: Specialized bodies hold the authority to pause protocol operations or veto malicious governance proposals in emergency scenarios.

The shift toward decentralization requires that these councils be held accountable through transparent, on-chain performance metrics. The objective is to minimize the friction of decision-making while ensuring that no single entity can unilaterally compromise the integrity of the margin engine or the safety of deposited collateral.

![A close-up view reveals nested, flowing layers of vibrant green, royal blue, and cream-colored surfaces, set against a dark, contoured background. The abstract design suggests movement and complex, interconnected structures](https://term.greeks.live/wp-content/uploads/2025/12/visualizing-nested-derivative-structures-and-protocol-stacking-in-decentralized-finance-environments-for-risk-layering.webp)

## Evolution

The transition from static, manual governance to dynamic, automated systems marks the maturation of the decentralized derivatives space. Early protocols struggled with the latency of governance cycles, which proved fatal during rapid market crashes.

The industry has since pivoted toward models that treat governance as a continuous, algorithmic process rather than an episodic event.

> Automated risk management protocols represent the next stage of financial evolution, shifting governance from human debate to high-speed algorithmic execution.

This development mirrors the broader trend in quantitative finance where high-frequency trading engines automate decision-making to capture fleeting arbitrage opportunities. As protocols become more complex, the governance layer must also evolve to manage multi-asset portfolios and cross-protocol liquidity. The future points toward autonomous systems that can rebalance their own risk parameters based on real-time market data, reducing the need for active community involvement in routine operational adjustments.

![A close-up view of a high-tech, stylized object resembling a mask or respirator. The object is primarily dark blue with bright teal and green accents, featuring intricate, multi-layered components](https://term.greeks.live/wp-content/uploads/2025/12/advanced-algorithmic-risk-management-system-for-cryptocurrency-derivatives-options-trading-and-hedging-strategies.webp)

## Horizon

Future iterations will likely incorporate **Predictive Governance**, utilizing machine learning models to anticipate systemic threats before they manifest in on-chain data.

These systems will analyze market microstructure and order flow to proactively adjust margin requirements, effectively creating self-healing financial protocols. The integration of zero-knowledge proofs will also enable private voting, allowing stakeholders to express preferences without exposing their strategic positions to competitors.

| Future Development | Impact on Systemic Stability | Implementation Complexity |
| --- | --- | --- |
| Predictive Parameter Tuning | High | Advanced |
| Zero Knowledge Governance | Moderate | High |
| Autonomous Liquidity Rebalancing | Very High | Very High |

The ultimate goal remains the creation of financial infrastructure that is both permissionless and inherently resilient. By refining these models, the decentralized finance space aims to replicate the depth and reliability of traditional derivative markets while preserving the transparency and accessibility that define the blockchain ethos. The focus will continue to shift toward the technical constraints of programmable money, ensuring that governance remains a robust defense against systemic failure.

## Glossary

### [Governance Participation Barriers](https://term.greeks.live/area/governance-participation-barriers/)

Participation ⎊ Governance participation barriers within cryptocurrency, options trading, and financial derivatives represent constraints impacting stakeholder involvement in decision-making processes.

### [Decentralized Decision Making](https://term.greeks.live/area/decentralized-decision-making/)

Algorithm ⎊ Decentralized decision making, within cryptocurrency and derivatives, increasingly relies on algorithmic governance structures to automate execution based on pre-defined parameters.

### [Governance Risk Assessment](https://term.greeks.live/area/governance-risk-assessment/)

Framework ⎊ Governance risk assessment functions as a rigorous diagnostic methodology for identifying vulnerabilities inherent in decentralized protocol decision-making.

### [Decentralized Protocol Security](https://term.greeks.live/area/decentralized-protocol-security/)

Architecture ⎊ Decentralized protocol security fundamentally relies on a robust architectural design, prioritizing immutability and transparency through distributed ledger technology.

### [Sybil Attack Vulnerabilities](https://term.greeks.live/area/sybil-attack-vulnerabilities/)

Anonymity ⎊ Sybil attacks exploit inherent anonymity within cryptocurrency networks and decentralized systems, creating a vulnerability where a single entity can control a disproportionate number of identities.

### [Protocol Upgrade Proposals](https://term.greeks.live/area/protocol-upgrade-proposals/)

Action ⎊ Protocol Upgrade Proposals, frequently termed "forks" in cryptocurrency contexts, represent deliberate modifications to a blockchain's underlying rules or functionality.

### [Trend Forecasting Techniques](https://term.greeks.live/area/trend-forecasting-techniques/)

Algorithm ⎊ Trend forecasting techniques, within quantitative finance, increasingly leverage algorithmic approaches to identify patterns in high-frequency data streams from cryptocurrency exchanges and derivatives markets.

### [Fundamental Analysis Frameworks](https://term.greeks.live/area/fundamental-analysis-frameworks/)

Analysis ⎊ ⎊ Fundamental analysis frameworks, within cryptocurrency, options, and derivatives, center on intrinsic value assessment, diverging from purely technical approaches.

### [Community Driven Innovation](https://term.greeks.live/area/community-driven-innovation/)

Innovation ⎊ Community Driven Innovation, within the context of cryptocurrency, options trading, and financial derivatives, represents a paradigm shift from traditional, top-down development models.

### [Token Holder Engagement Strategies](https://term.greeks.live/area/token-holder-engagement-strategies/)

Action ⎊ Token holder engagement strategies, within cryptocurrency and derivatives, frequently manifest as incentivized participation in governance protocols, directly influencing protocol parameters and future development.

## Discover More

### [Fee Switch Mechanism](https://term.greeks.live/definition/fee-switch-mechanism/)
![A futuristic rendering illustrating a high-yield structured finance product within decentralized markets. The smooth dark exterior represents the dynamic market environment and volatility surface. The multi-layered inner mechanism symbolizes a collateralized debt position or a complex options strategy. The bright green core signifies alpha generation from yield farming or staking rewards. The surrounding layers represent different risk tranches, demonstrating a sophisticated framework for risk-weighted asset distribution and liquidation management within a smart contract architecture.](https://term.greeks.live/wp-content/uploads/2025/12/decentralized-finance-structured-products-mechanism-navigating-volatility-surface-and-layered-collateralization-tranches.webp)

Meaning ⎊ A governance-controlled feature that enables or adjusts the collection of protocol fees to distribute value to stakeholders.

### [Tokenomics Security](https://term.greeks.live/term/tokenomics-security/)
![A series of concentric layers representing tiered financial derivatives. The dark outer rings symbolize the risk tranches of a structured product, with inner layers representing collateralized debt positions in a decentralized finance protocol. The bright green core illustrates a high-yield liquidity pool or specific strike price. This visual metaphor outlines risk stratification and the layered nature of options premium calculation and collateral management in advanced trading strategies. The structure highlights the importance of multi-layered security protocols.](https://term.greeks.live/wp-content/uploads/2025/12/nested-collateralization-structures-and-multi-layered-risk-stratification-in-decentralized-finance-derivatives-trading.webp)

Meaning ⎊ Tokenomics security ensures the structural resilience of economic models against adversarial manipulation within decentralized financial systems.

### [Automated Risk Control](https://term.greeks.live/term/automated-risk-control/)
![A detailed view of a potential interoperability mechanism, symbolizing the bridging of assets between different blockchain protocols. The dark blue structure represents a primary asset or network, while the vibrant green rope signifies collateralized assets bundled for a specific derivative instrument or liquidity provision within a decentralized exchange DEX. The central metallic joint represents the smart contract logic that governs the collateralization ratio and risk exposure, enabling tokenized debt positions CDPs and automated arbitrage mechanisms in yield farming.](https://term.greeks.live/wp-content/uploads/2025/12/collateralized-interoperability-mechanism-for-tokenized-asset-bundling-and-risk-exposure-management.webp)

Meaning ⎊ Automated Risk Control maintains decentralized protocol solvency by programmatically enforcing collateral and liquidation standards in real-time.

### [Decentralized Financial Governance](https://term.greeks.live/term/decentralized-financial-governance/)
![Two interlocking toroidal shapes represent the intricate mechanics of decentralized derivatives and collateralization within an automated market maker AMM pool. The design symbolizes cross-chain interoperability and liquidity aggregation, crucial for creating synthetic assets and complex options trading strategies. This visualization illustrates how different financial instruments interact seamlessly within a tokenomics framework, highlighting the risk mitigation capabilities and governance mechanisms essential for a robust decentralized finance DeFi ecosystem and efficient value transfer between protocols.](https://term.greeks.live/wp-content/uploads/2025/12/interlocking-collateralization-rings-visualizing-decentralized-derivatives-mechanisms-and-cross-chain-swaps-interoperability.webp)

Meaning ⎊ Decentralized Financial Governance provides an automated, transparent mechanism for managing protocol risk and economic parameters via stakeholder consensus.

### [Margin Calculation Security](https://term.greeks.live/term/margin-calculation-security/)
![A futuristic, stylized padlock represents the collateralization mechanisms fundamental to decentralized finance protocols. The illuminated green ring signifies an active smart contract or successful cryptographic verification for options contracts. This imagery captures the secure locking of assets within a smart contract to meet margin requirements and mitigate counterparty risk in derivatives trading. It highlights the principles of asset tokenization and high-tech risk management, where access to locked liquidity is governed by complex cryptographic security protocols and decentralized autonomous organization frameworks.](https://term.greeks.live/wp-content/uploads/2025/12/advanced-collateralization-and-cryptographic-security-protocols-in-smart-contract-options-derivatives-trading.webp)

Meaning ⎊ Margin Calculation Security provides the automated, verifiable framework necessary to maintain protocol solvency within volatile digital asset markets.

### [Decentralized Voting Systems](https://term.greeks.live/term/decentralized-voting-systems/)
![A layered mechanical interface conceptualizes the intricate security architecture required for digital asset protection. The design illustrates a multi-factor authentication protocol or access control mechanism in a decentralized finance DeFi setting. The green glowing keyhole signifies a validated state in private key management or collateralized debt positions CDPs. This visual metaphor highlights the layered risk assessment and security protocols critical for smart contract functionality and safe settlement processes within options trading and financial derivatives platforms.](https://term.greeks.live/wp-content/uploads/2025/12/advanced-multilayer-protocol-security-model-for-decentralized-asset-custody-and-private-key-access-validation.webp)

Meaning ⎊ Decentralized voting systems provide the secure, transparent infrastructure required for collective decision-making within permissionless financial markets.

### [On-Chain Voting](https://term.greeks.live/definition/on-chain-voting/)
![This abstract composition represents the intricate layering of structured products within decentralized finance. The flowing shapes illustrate risk stratification across various collateralized debt positions CDPs and complex options chains. A prominent green element signifies high-yield liquidity pools or a successful delta hedging outcome. The overall structure visualizes cross-chain interoperability and the dynamic risk profile of a multi-asset algorithmic trading strategy within an automated market maker AMM ecosystem, where implied volatility impacts position value.](https://term.greeks.live/wp-content/uploads/2025/12/multi-layered-risk-stratification-model-illustrating-cross-chain-liquidity-options-chain-complexity-in-defi-ecosystem-analysis.webp)

Meaning ⎊ A transparent and immutable governance process where votes are recorded and executed directly on the blockchain.

### [Voting Power Dynamics](https://term.greeks.live/definition/voting-power-dynamics/)
![A detailed cross-section view of a high-tech mechanism, featuring interconnected gears and shafts, symbolizes the precise smart contract logic of a decentralized finance DeFi risk engine. The intricate components represent the calculations for collateralization ratio, margin requirements, and automated market maker AMM functions within perpetual futures and options contracts. This visualization illustrates the critical role of real-time oracle feeds and algorithmic precision in governing the settlement processes and mitigating counterparty risk in sophisticated derivatives markets.](https://term.greeks.live/wp-content/uploads/2025/12/visual-representation-of-a-risk-engine-for-decentralized-perpetual-futures-settlement-and-options-contract-collateralization.webp)

Meaning ⎊ The method by which stakeholders influence protocol governance, often tied to token ownership or reputation metrics.

### [Time-Lock Delays](https://term.greeks.live/definition/time-lock-delays/)
![An abstract digital rendering shows a segmented, flowing construct with alternating dark blue, light blue, and off-white components, culminating in a prominent green glowing core. This design visualizes the layered mechanics of a complex financial instrument, such as a structured product or collateralized debt obligation within a DeFi protocol. The structure represents the intricate elements of a smart contract execution sequence, from collateralization to risk management frameworks. The flow represents algorithmic liquidity provision and the processing of synthetic assets. The green glow symbolizes yield generation achieved through price discovery via arbitrage opportunities within automated market makers.](https://term.greeks.live/wp-content/uploads/2025/12/real-time-automated-market-making-algorithm-execution-flow-and-layered-collateralized-debt-obligation-structuring.webp)

Meaning ⎊ A mandatory waiting period between the approval and execution of a governance action to allow for community oversight.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://term.greeks.live/"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "Term",
            "item": "https://term.greeks.live/term/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "Tokenomics Governance Models",
            "item": "https://term.greeks.live/term/tokenomics-governance-models/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://term.greeks.live/term/tokenomics-governance-models/"
    },
    "headline": "Tokenomics Governance Models ⎊ Term",
    "description": "Meaning ⎊ Tokenomics governance models programmatically align participant incentives and risk parameters to ensure the stability of decentralized derivatives. ⎊ Term",
    "url": "https://term.greeks.live/term/tokenomics-governance-models/",
    "author": {
        "@type": "Person",
        "name": "Greeks.live",
        "url": "https://term.greeks.live/author/greeks-live/"
    },
    "datePublished": "2026-03-16T05:21:29+00:00",
    "dateModified": "2026-03-17T06:28:40+00:00",
    "publisher": {
        "@type": "Organization",
        "name": "Greeks.live"
    },
    "articleSection": [
        "Term"
    ],
    "image": {
        "@type": "ImageObject",
        "url": "https://term.greeks.live/wp-content/uploads/2025/12/high-precision-financial-engineering-mechanism-for-collateralized-derivatives-and-automated-market-maker-protocols.jpg",
        "caption": "A high-tech mechanical component features a curved white and dark blue structure, highlighting a glowing green and layered inner wheel mechanism. A bright blue light source is visible within a recessed section of the main arm, adding to the futuristic aesthetic."
    }
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebPage",
    "@id": "https://term.greeks.live/term/tokenomics-governance-models/",
    "mentions": [
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/governance-participation-barriers/",
            "name": "Governance Participation Barriers",
            "url": "https://term.greeks.live/area/governance-participation-barriers/",
            "description": "Participation ⎊ Governance participation barriers within cryptocurrency, options trading, and financial derivatives represent constraints impacting stakeholder involvement in decision-making processes."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/decentralized-decision-making/",
            "name": "Decentralized Decision Making",
            "url": "https://term.greeks.live/area/decentralized-decision-making/",
            "description": "Algorithm ⎊ Decentralized decision making, within cryptocurrency and derivatives, increasingly relies on algorithmic governance structures to automate execution based on pre-defined parameters."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/governance-risk-assessment/",
            "name": "Governance Risk Assessment",
            "url": "https://term.greeks.live/area/governance-risk-assessment/",
            "description": "Framework ⎊ Governance risk assessment functions as a rigorous diagnostic methodology for identifying vulnerabilities inherent in decentralized protocol decision-making."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/decentralized-protocol-security/",
            "name": "Decentralized Protocol Security",
            "url": "https://term.greeks.live/area/decentralized-protocol-security/",
            "description": "Architecture ⎊ Decentralized protocol security fundamentally relies on a robust architectural design, prioritizing immutability and transparency through distributed ledger technology."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/sybil-attack-vulnerabilities/",
            "name": "Sybil Attack Vulnerabilities",
            "url": "https://term.greeks.live/area/sybil-attack-vulnerabilities/",
            "description": "Anonymity ⎊ Sybil attacks exploit inherent anonymity within cryptocurrency networks and decentralized systems, creating a vulnerability where a single entity can control a disproportionate number of identities."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/protocol-upgrade-proposals/",
            "name": "Protocol Upgrade Proposals",
            "url": "https://term.greeks.live/area/protocol-upgrade-proposals/",
            "description": "Action ⎊ Protocol Upgrade Proposals, frequently termed \"forks\" in cryptocurrency contexts, represent deliberate modifications to a blockchain's underlying rules or functionality."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/trend-forecasting-techniques/",
            "name": "Trend Forecasting Techniques",
            "url": "https://term.greeks.live/area/trend-forecasting-techniques/",
            "description": "Algorithm ⎊ Trend forecasting techniques, within quantitative finance, increasingly leverage algorithmic approaches to identify patterns in high-frequency data streams from cryptocurrency exchanges and derivatives markets."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/fundamental-analysis-frameworks/",
            "name": "Fundamental Analysis Frameworks",
            "url": "https://term.greeks.live/area/fundamental-analysis-frameworks/",
            "description": "Analysis ⎊ ⎊ Fundamental analysis frameworks, within cryptocurrency, options, and derivatives, center on intrinsic value assessment, diverging from purely technical approaches."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/community-driven-innovation/",
            "name": "Community Driven Innovation",
            "url": "https://term.greeks.live/area/community-driven-innovation/",
            "description": "Innovation ⎊ Community Driven Innovation, within the context of cryptocurrency, options trading, and financial derivatives, represents a paradigm shift from traditional, top-down development models."
        },
        {
            "@type": "DefinedTerm",
            "@id": "https://term.greeks.live/area/token-holder-engagement-strategies/",
            "name": "Token Holder Engagement Strategies",
            "url": "https://term.greeks.live/area/token-holder-engagement-strategies/",
            "description": "Action ⎊ Token holder engagement strategies, within cryptocurrency and derivatives, frequently manifest as incentivized participation in governance protocols, directly influencing protocol parameters and future development."
        }
    ]
}
```


---

**Original URL:** https://term.greeks.live/term/tokenomics-governance-models/