A new financial model for app tokens: How to generate cash flows

The article proposes a cash-flow model for application tokens, which it says would give them the economic grounding infrastructure tokens already have. It argues that fees should be traceable to the frontend that generated them, so tokenholders can choose to stake only to frontends compliant with their jurisdiction's rules rather than DAO governance deciding which fees are permissible. Under the design, each frontend is registered to a public key so fees can be attributed to its domain, and tokenholders stake to frontend-specific modules or to curators who select a basket of frontends. The article gives an example in which a frontend generating $100 in fees with 100 entities each staking one token would yield $1 per entity, and it says fees from transactions not initiated through a registered frontend would go to a single catchall staking module.